I have been negotiating a short sale offer for a Destin Florida condo for about a week. Today I received the following email from the buyer's agent:
"Here is my buyer’s final offer for the condo.
Purchase Price - $150,000
$50,000 at closing, $50,000 in 12 months and the other $50,000 in 24 months.
Seller to pay all closing costs
Seller to pay 6 months of condo dues
He would like an answer by 2pm on Monday."
Enough said.
It's Wendy! Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc. Destin Short Sales & Pre Foreclosure Help. Read Wendy's Destin Real Estate Blog Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204 Email Wendy: itswendy@rulnickrealty.com Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.
Sure! Here is someone who knows there's nothing short about a short sale! LOL
As Bill Engvall might say, Here's Your Sign?
Is this agent actually licensed?
Wendy,
There is only enough detail here to know the seller needs to sell the buyer wants to buy!
"There is always more than one way!"
If you have two people with problems there is opportunity! Let's hope one of the agents is a professional. It'll have to be the Lister, problems and short dead line suggest the buyer's agent is as clueless, as those that think it can't be done!
Yes, "Here's your sign!"
Bill
No Way! WHAT!?
Wendy, Hmmmm, interesting. I can't say as I've had an offer on a short sale like this one before! I suppose there's a first time for everything!
From the desk of David Dee,
Wendy, this is a cinch. I've done this before. I replied to them the same day, " no way Jose!" :D
Sure, well I'd like to have peace on earth and good will towards men also, but some things just ain't going to happen.
Did the Realtor deliver this in a serious tone or were they wearing a clown suit and juggling balls on while talking to you on the phone - LOL
LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
I'd say I've heard it all, but NO, something new will come up next week.
I'm sorry, did you copy the text above from a joke book or is it one of those jokes that floats around the Internet from inbox to inbox?
Don't ya wonder if some folks can spell SHORT....does that mean several shorter payments to this realtor ?
Guys - This is really what happened! I know, I can hardly believe it, either.
Wendy, oh my! What planet is this Agent from? Yet, it doesn't surprise me as every week, particularly this past week, I run across more Agents who are just clueless. It's sad to say but the educated, common sense Agent with any ounce of integrity are hard to find. When I'm fortunate enough to deal with a Agent who takes their profession seriously I want to just jump up and down and hug 'em!
Are you sure there wasn't a "LOL" or maybe a "jk" at the end of the email?????
Or maybe he was delirious from the fever that's going around??
Hi Wendy... I have heard of creative transactions, but now I've heard everything! I think Bill Gassett's comment says it all!
No offer, no sale. The seller has an opportunity to say "no" -- or not. I never consider any offer to be a joke no matter how unusual. It means that there is possibility. That 1/3, 1/3, 1/3 offer is not that unusual in the investment area, and while the short sale lender might not want it in that form, there is a chance to counter in a form that will work.
Akron, Ohio
A way this might work (if it were NOT a short sale)! $50K on xyz day, $50K in 12 mo and final payment of $50K at closing 24 mo from today!
I'm happy I scrolled through your recent posts. This one gave me a good chuckle on an early Monday evening. Wendy, you've got to write a book! LOL