MS SHORT SALE LISTING AGENT, WHY HAVEN'T YOU RETURNED MY CALL?
Yesterday afternoon I called 2 short sale listing agents to get a few simple questions answered on properties they have listed. As of this writing, neither have returned my call. Is this yet another glitch in the short sale system that we can't fix? Should we add this to the growing number of reasons why our San Diego market is overwhelmed with stagnent short sale listings?
Short sale listing #1 is one week away from trustee sale, an active short sale listing, and not contingent on San Diego MLS. "I have a qualified buyer interested in making an offer if he can see the property, and has the sale date been extended?".
Short sale listing #2 is a new short sale listing with a lender approved price. "What is the lender response time for an offer?" I asked after I showed the property.
I understand that short sale listings take a lot of time and energy, but when a buyers agent calls asking a question that may bring the listing to escrow, why not call them back?
Just my humble opinion...
Sue Fitzgibbons, Realtor, e-PRO
619-279-2903
Realty World Select Properties
270 E Douglas
El Cajon CA 92020
www.SanDiegoRealEstateInfo.com
email: sue@sellingsdhomes.com
Sue, I can tell you that as a short sale listing agent, I get long winded messages from agents out there telling me their clients qualifications, how long they have looked, begging to make a deal but they haven't even seen the property. I had one message last five minutes!
No excuse for not returning calls. Some agents are not as "hands on" with these files and it hurts us in value because the longer these properties on lingering on the market, the lower the prices.
On your #2, we have no guarantees as to lender response because it depends upon lender to lender. Agent can't really tell you unless they have dealt with that lender before but then the other issue is if that listing agent gets a different rep for the bank, then they are still guessing. Know that if there is "an approved price" the bank has to review the entire file plus your offer. That can take anywhere from approval in a couple of days to up to 4 weeks.
Barb, thanks for the comment. I agree with your post 100%. As for #2, I had also asked when she would be submitting and if it was just 1 and the rest are backup. Again, a simple call saying "I don't know" instead of ignoring it would have taken care of it and I'd move forward accordingly. It's not stopping my buyer from putting in an offer, I'm trying to get as much info for him as possible in advance.