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You can reach Jim at walkerbagwell@aol.com or 321-213-0615

Monday, February 9, 2009

"We're so sorry uncle Albert"


You got to love the Beatles!


I did receive a negative reply from my last post on contracting out short sales. I can only assume it was from one of my Realtor peers. For the record I am not questioning anyone’s sincerity or ethics in this practice. My point is that the short sale process almost always turns out to be a very personal and emotional transaction for the seller. The most important part of the transaction is the initial meeting between the seller and the listing agent. The listing agent must at that time offer all alternatives to the seller and inform the seller what is expected of them to complete the transaction. Although foreclosure, bankrupts and short sales are much more common than most of us have ever seen, it still is a bitter pill to swallow. There are many of us that have never been in financial situations that we see at the present time and this makes for a very stressful time for everyone. This is the only reason I personally feel that contracting out short sales is not the most efficient method to handle the transaction but if the listing agent is totally uncomfortable or unwilling to put in the hours necessary for this type transaction then definitely find someone to help you and bring them in from the onset of the transaction. I hope this clarifies my position and I apologize if I offended anyone.

We are in the process of showing canal homes in Merritt Island that can be purchased around or under the $300,000 range. I will share our showings on the next post.

Jim Bagwell

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