Let’s face the facts…most Realtors run away from short sales. You can’t blame them considering that according to NAR (the National Association of Realtors) there is only a 10% success rate nationwide. Even for those more fortunate enough to actually get them done, it ends up consuming so much of their time that they quickly determine that its just not worth it. And under those circumstances they are right.
Listing Agents list the home and wait for a buyer. Every day that goes by is a day closer to the Sherrif Sale. Most Buyers Agents don’t want to show short sale listings because they know how long they take and that most times by the time the banks comes back with an approval (if at all)….the buyer gets tired of waiting and walks! And to add insult to injury, the lenders then cut the real estate commission. Do more work, wait longer, and get paid less! Is it any wonder most Realtors don’t want to bother with short sales?
Our team of specialists facilitate the entire process and ensure the Realtors’ commissions 100% of the time. We are not one of those firms that will offer to do the “dirty work” of lender negotiation and then ask you to give up some of your commission! As a matter of fact, in most cases we are actually able to double the standard commission. By starting the dialogue with the lenders right away; we are able to determine what price the home will actually sell for…in today’s market! Working with Bormio Properties, Realtors can now confidently pursue short sales knowing that they have the backend support and team in place. A recent statistic stated that more than 50% of all closings this year were some type of distressed sale. If you are a Realtor and are not aggressively working short sales; you are missing a major piece of the current market. Most Realtors are complaining about the current state of the economy and how slow the market is. The Realtors working with us have never been busier and have never made so much money. Contact us today to learn how we can help you, help your clients, and help the lenders, and actually improve the current state of the market.
Click Here to learn how to double your commissions working short sales while NEVER having to talk to the bank.