I know this sounds strange but this is what I am experiencing right now. Time and time again, I get calls from other agents asking where we are at in the short sale process with the bank. The reason? It is because their clients want to take advantage of the tax credit before it expires and short sales can take a significant amount of time.
The example I am specifically referring to is a listing that I have that should be sold by now. More and more agents are calling me but their first question they ask is if the bank has already approved any sort of offer.
I know that this seems like a strange thing to say but if you have short sale listings, time is not on your side to sell it before November 30th. We must get creative and call the banks and do what we can to get these things approved quicker and more efficiently.
If you are looking for ideas on how to go about this, feel free to email me or sign up for my newsletter.