The short sale process continues to evolve. As real estate professionals, we have gone from knowing very little and fumbling our way before there were forms or anyone really knew what a short sale was, to a specialization within the industry with new systems, forms, and skills to get the job done.

Short sales are now a part of the industry and will most likely be the way some homes are sold for the next few years. My first successful short sale was completed in January 2007. At that time there were very few agents even talking about short sales. Now, there is a clearly defined process and most banking institutions are ready, willing, and able to participate in this form of sale. The past six months we are seeing increasing success in short sales. I closed two short sales just last week.

For buyers this is a way to acquire a home at foreclosure pricing, however, the home is generally in much better condition than a foreclosure because the homeowner is still living and maintaining the property. The most difficult part of the process when purchasing a short sale is the unknown close of escrow date and ulitmately unknown moving date. In my opinion, they are worth the wait!

Please call or email me, Colleen Bechtel, at 520-836-9301 with your short sale questions. If I am not available ask to speak to a member of my team!