by barbfischer on March 11, 2010
Just spoke with two more REALTOR(R) friends today who are personally considering short sales, and are in emotional angst over it having come to this.
I asked them both: how would you advise a client who was in the same situation? For all of us, when it’s yourself on the line, our thinking tends to become muddled and laced with emotion.
There’s one common denominator with every short sale seller I’ve consulted– the first thing they all bring up is the moral dilemma of missing a payment and not honoring their original contract. But most of them are up against a wall financially and have run out of options. They’ve tried working with bank, they’ve pulled money out of savings, they’ve pounded the pavement looking for a new job, but the end of the road has finally come.
What I find amazing is the huge difference between the way human beings and a financial institutions evaluate basically the same scenario. The person thinks first and foremost of values and morals, and the financial institution bases their decision on whether their assets are toxic or performing.
Go figure.
Barb Fischer
San Diego, CA
619.339.1396
by barbfischer on February 21, 2010
Hello to all the buyers and sellers and investors who want the best home, the best price, the easiest/smoothest transaction, the quickest response time, loads up up-to-the-minute info AND a smart guide too–if this is you, may I ask: would you trust your next surgical procedure to a part time doctor? Someone who has another day job and who does surgery in their spare time? Someone who does not have the time to keep up with and make sense of the flood of information and new regulations in this fast-changing market?
I’m probably talking about your buddy or your friend, someone you really like who just got their real estate license or who has had it for awhile but hasn’t made enough money to stay in the business. It’s noble of you to want to help them, but real estate is a serious, FULL TIME BUSINESS and you are putting your home purchase or sale– perhaps the biggest asset you will ever own– at risk. You need a full time professional, someone who knows today’s market and who can clear the path of hidden land mines.
Here’s how you can avoid hurting your friend, and hurting yourself and your finances too.Tell your friend that in this chaotic market, you feel it is in your best interest to hire a full time professional, and you would like a REFERRAL from them to a full time REALTOR(R) in their office, or someone they’ve worked with before. Agents can share referral fees with each other, so your friend will still financially benefit from your help, without having to spend the incredible amount of hours it takes to close a successful transaction these days. After all, does your friend really want to work 40+ hours a week and then have to spend every spare second working a second job? Time is money and you want them to have a life too. And everybody wins.
2010 Barb Fischer La Mesa CA
