We started the process in mid-October by presenting a full price offer on a Sedona residential property.
Great agent. Very friendly seller. Competent escrow company.
Seller signed the offer and executed the agreement, subject to Bank of America approving the funds they would receive at closing. For the final word from BofA we waited over 4 months before the buyer became “antsy”. Pretty good for someone who has spent almost 1 year looking for the right house and losing out on 3 others for one reason or another.
Finally in February, the buyer received an acceptance of her full price offer and after the usual difficulties with closing an escrow, the property conveyed.
Hints to those involved in a short sale:
- Hire a seasoned and competent real estate agent
- Throw away that attitude: ”Patience, my ass…I’m gonna kill something”
- DON’T harrass the listing agent
- Be prepared to get a good deal
What do we mean by a “good deal”? The appraisal on this buyer’s acquisition was $14,000 over purchase price.
Have a happy and sunny day!
Kathy Howe
Kathy Howe
how2arizona real estate
