Few Homeowners Seek Short Sales…Solution? Change Your Approach
The Traditional Way of Getting Short sales of Done is Broken
If you have not downloaded my latest report on the 7 Deadly Sins of Short Sales, stop right now and make sure you download immediately and READ it in its entirety! I will save your short sale life.
So, an article published by ABC Channel 7 News in Denver dated 7/31/2009 headlined:
“Few Homowners Seeking Short Sales Realtor: Frustration, Confusion Clouding the Foreclosure Alternative.”
The article cites (4) VEY STRONG points that I will address in this blog:
- “Only 3 percent of homeowners sold their property through a short sale in the second quarter of 2009.”
- “Homeowners are unaware of a foreclosure alternative that could save their credit and their piece of mind”
- “The vast majority of owners are just walking away”
- “Agents need to do a better job in the process as well to alleviate the frustration”
While the article shines a light on the Denver CO market, the same low statistics and overall negative view of short sales remains constant throughout the country. Let’s take a look at some of the factors that shape the negative view that dominates the short sale market today, and most importantly how to overcome them.
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