I am the listing agent for a short sale in a single agency relationship.
To me that means I do what ever is best for the seller. We got two offers in one day and one offer the next day. I have explained to every agent that it is a short sale, gave it to them in writing and it was in the MLS. Told them that the seller in a short sale situation is really not the one to make the decision but the lender. One of the 3 agent that made the offer understands the game, the other two frankly drive me crazy and they drive the Title company crazy and and and.
Maybe today is one of my "Low Patience" days.
But I just do not know what else to do or say anymore.
I have heard them "tell" me
You have to take it completely off the market.
You can not show it anymore.
You can not accept any back up offers.
You can only submit one offer to the bank.
Well, I guess I will sit down over the weekend and write a letter to all "future realtors" for all my short sales, explaining how we handle it, that in this case we are a single agent for the seller and that we will do all we can to get the best deal for the seller.
If we work for the buyer, it is a different story and our focus is to get the best deal for the buyer.
I wonder, do agents not understand the short sale or don't they understand the agency relationship?
Is it me or them?
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Anne Hensel | Real Estate Broker in Teasure Island St Petersburg
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Anne, I hear you loud and clear. It is absolutely frustrating and confusing. It is hard enough to keep all your ducks in a row in a "regular" transaction. Those short sales can mean a great bargain for your buyer or an impression left, that you don't know what you are doing if they wind up not getting the property that was "advertised" for such a bargain price. I always try to explain the entire process - and by the look in their eyes, seem to loose them after about 45 seconds. You know that blank stare? And they always have a friend, who bought a house/condo for such an amazing deal that people where calling them right after the purchase and wanted to buy it from them for a profit! That just kills me!
Manny