Showing Off Spencer-Discovering Spencer, the Brookfields, Worcester County, Massachusetts and New England: October 2011

Buyers DON'T DO IT!!! A short Sale is not and REO.

DO NOT ENTER

 

I got a call from a very freaked out seller last night. Through a series of unfortunate circumstances she has decided to try to sell her house as a short sale.  We have been trying for over a year to sell it as a conventional resale, but as market conditions declined, and her private septic failed, she is attempting to sell it short.  That is where this story begins.

Last week we dropped the price of this house to be competetive with short sales and REO(Real Estate Owned) properties in the area.  I believe many of the consumers are not aware that a short sale is not an REO~or foreclosed house.  Many of us know that bank owned properties are not occupied, and so the buyers have felt it is okay for them to not only drive by the properties, but to get out and look in windows, and even in some cases try doors to see if they are open.  Some times the buyers are even instructed by their agents to do this, or worse yet given the lock box codes.  This is totally unacceptable behavior on both buyer and agents.DO NOT ENTER

However, in many cases, SHORT SALE homes are occupied.  Infact some of the incentive programs for the sellers require they stay and maintain the house until closing.  A buyer doing a drive by and getting out of their car, walking around the property and peeking in windows is a total invasion of privacy, and trespassing!!! 

This happened to my seller yesterday, and her young teenage daughter was home when a lady looked in the windows, and then opened the door.  I instructed my seller to call the police the next time!!! 

Her daughter was very scared after the incident.

 

BUYERS DO NOT ENTER ANY PROPERTY WITHOUT PERMISSION!!!  AGENTS DO NOT ENCOURAGE YOUR BUYERS TO WALK AROUND THE PROPERTIES WITH OUT PERMISSION!!!

 

 

 Pam Crawford

Pam Crawford, ABR,e-PRO®,CRS,CDPE,LMC

Owner, REALTOR®, Managing Partner, MBA, BSBA
RE/MAX Professional Associates

 

phone/fax (508)-784-0503    
e-mail: Pam@PamCrawford.com
www.PamCrawford.com
www.CrawfordRealtyTeam.com

 

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Comment balloon 10 commentsPam Crawford • October 28 2011 08:37AM
Buyers DON'T DO IT!!! A short Sale is not and REO.
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