2010 is looking to be the biggest short sale year yet. If you’ve been avoiding them you might be out of business next year. I suggest agents become educated in short sales. Here is yet another article in North County Times about the opportunity.
“We have a massive government intervention going on,” said Sean O’Toole, founder and chief analyst for real estate Web site ForeclosureRadar. “We simply don’t have the political will to foreclose on these folks.”
“What’s pushing it forward is there’s such a lack of inventory, and you’ve got this huge Realtor force that needs something to sell,” he said. “This (Short Sales) is one of the things that gives them something to sell.”
Short sales also suffer from being complicated deals involving multiple lenders and thus multiple bureaucracies. In the end, the deals can take nine months or longer to complete.
“You’ll have a lot of people lining up to offer short sales, but it’s tough to get the banks attention to give them a deal,” said Nathan Moeder, a real estate economist with The London Group.
Troy Huerta continues to be the Short Sale Expert in San Diego. As a Realtor in San Diego the best thing you can do to improve your earnings in 2010 is contact Troy to help you become successful selling Short Sales.