Jacqueline Maurer

Short Sales..... becoming a dirty word??

Jacqueline Maurer — Mon, 07 Jul 2008 01:40:00 GMT

Short Sales The new fad of Real Estate. Many agents find them necessary to bail there sinking clients out of a bad situation. On the other hand many agents run for the hills at the shear mention of a short sale. So how do you handle a market laden with them? No two short sales are alike, therefore each must be researched, and negotiated on an individual basis. I tell my buyers to think of each short sale as it's own personality. Each with it's own set of character flaws. When it comes to listing short sales it is imperative to research not only how much is owed on the property in relation to the true current value of the market but also just how many liens are on the property. If the seller is seriously upside down and have used the home as an ATM machine at some point......I say head for the hills and run as fast as you can. I for one am all for helping people but in some of these situations you are just setting yourself up for an unrealistic outcome. If the home can be priced in the realm of current market value and not a low... low ... teaser price that will never get approved by the bank, I say, list it. You have a shot, especially if there is only one lien on the home. It is possible to get approvals on more than one lien I have done it before. It takes great patience, tenacity, and the guts to play hardball with the lender. If the home goes into foreclosure the second lien holder stands to get nothing therefore it is in there best interest to negotiate with you to take a small payment or cash contribution at closing. Make your sellers aware that they may have to contribute "something" to appease the guy in second position if they want this nightmare to end. I think there is opportunity in some short sales. If you can help a seller out of a bad situation or if you can get a "patient" buyer a hell of a deal. Although many agents avoid them like the plague there are others that are writing offers on a continual basis. It all lies in the competence of the negotiating skills of the listing broker. I have negotiated short sales in situations with PMI, HELOCS, etc. Most told me to walk away it cannot be done. I'm here to tell you IT CAN BE DONE. Do not give up and DO NOTtake the "NO" from your negotiator as the last word. I for one will not accept someone whose main motivation is there commission and closed file quota at the end of the month dictate the fate of a deal that multiple people have worked endless hours on. I have buyers agents that bring good buyers to the table after driving them around for hours at $4.00 gallon gas prices. Buyers who have waited 6-8 weeks for an answer on a home they found appealing enough to put an offer on. Request to speak to a supervisor or dept. manager in order to be heard. You have nothing to lose and only to gain. Make it known you will continue to climb the chain of command. Too many short sales are dying on the desks of an overworked negotiators merely because they don't have the negotiating skills or motivation to convince the PMI companies, or investors it is in there best interest to save the deal. There ultimate cure all is "sign the promissory note" ...... The one thing they do not tell you is that the promissory note is NEGOTIABLE. If the negotiator won't negotiate the the promissory note then find out who is requesting the promissory note and contact them yourself. Short sales do not have to be a dirty word. The outcome is all in the research and negotiating but most of all keeping the asking price real.

13062 Sail Away Street North Fort Myers, FL in Moody River Estates is Sold!

Jacqueline Maurer — Fri, 20 Jun 2008 06:00:00 GMT

Moody River Estates, North Fort Myers - The single story at 13062 Sail Away Street North Fort Myers, FL has been sold.

Property information

Single Story For Sale in River Walk

Jacqueline Maurer — Thu, 29 May 2008 06:00:00 GMT

Riverwalk Newer Condo

• 1,408 sq. ft., 2 bath, 2 bdrm single story - MLS® $120,000 - Low, Low, Price...

River Walk, Oviedo - This is a short sale contingent on third party vendor approval and may have time restraints. Great 2/2 + Den Condo with second floor view. Large eat in kitchen and plenty of cabinet space. Seperate interior laundry room. New building close to hospital, US41, and shopping. Private lanai view of wooded area.

Property information

Single Story For Sale in Colonial Country Club

Jacqueline Maurer — Thu, 29 May 2008 06:00:00 GMT

Colonial Country Club Condo

• 1,536 sq. ft., 2 bath, 2 bdrm single story - MLS® $145,000 - Great price for community

Colonial Country Club, Fort Myers - This is a short sale contingent on third party lender approval and may have time constraints.

Beautiful Colonial Country Club with all it's ammenities. Pay as you play Golf, 8 Tennis courts, community pool, restaurant, clubhouse, library, and gurarded entrance. Walking paths and more. After a full day relax in your spacious 1500sq ft condo conveniently located on the 1st floor with relaxing views of the lake.

Property information

Single Story For Sale in Moody River Estates

Jacqueline Maurer — Tue, 15 Apr 2008 06:00:00 GMT

LOW, LOW PRICE!

• 2,166 sq. ft., 2 bath, 3 bdrm single story - MLS® $150,000 - Moody River Short Sale

Moody River Estates, North Fort Myers - THIS IS A SHORT SALE REQUIRING THIRD PARTY LENDER APPROVAL AND MAY HAVE TIME RESTRAINTS. Great Curb appeal first floor 3/2 + Den condo/coach home located in Moody River Estates. Spacious floor plan with plenty of room for a family or many guests. Corner unit with private side entrance. 2 car attatched garage and a beautiful view of the lake and water feature. This unit lives like a home with a seperate laundry room and utility sink leading to 2 car garage. Moody River Estates is a lushy landscaped subdivision in North Fort Myers with boasting a gurarded gated entrance, tennis courts, clubhouse, community pool, play area and plenty of biiking and walking trails. Come take a look and make an offer. All offers will be presented to bank.

Property information

Single Story For Sale in San Carlos Park

Jacqueline Maurer — Mon, 24 Mar 2008 06:00:00 GMT

San Carlos Park Bank Owned

• 1,814 sq. ft., 2 bath, 3 bdrm single story - MLS® $215,000 - Bank Owned

San Carlos Park, Lee County - Bank Owned San Carlos Park Home. Great neighborhood in San Carlos Park. Timberlakes community of well kept newer homes. This 3/2 would make a great starter home. Laminate floors in Family Room, wood cabinets in kitchen complete with wine rack. Vaulted ceilings in formal living room. His and her sinks in Master along with a soaking tub. Low association fees. Great deal....seller financing at below market rate for qualified buyers.

Property information