I submitted an offer on a short sale that eventually received 10 offers. I am amazed at how organized a process it was. We submitted online and received an email to say that the complete offer was received, and then one when the offer was submitted. We eventually received an email to say that our offer was being "respectfully declined". Naturally my buyer was disappointed. However, we were relieved that they did not drag out the process. We got the answer slighltly less than 2 weeks from the time the offer was submitted. Maybe we can hold out hope that the short sale process may be improving. My buyer and I are headed out tomorrow to find sometihng else and start the process over again.
Dr. Stacey-Ann Baugh
Long & Foster Real Estate
www.staceybaugh.com
staceyannbaugh@gmail.com
240-481-3565 (C)
301-924-1100 (O)
FINALLY! A DOCTOR WHO MAKES HOUSE-CALLS!
If an agent representing an owner took two weeks to respond to an offer, they'd probably lose their job.
You may have just been spared some grief. With that many offers it appears that the home price was very low and it wouldn't surprise me if the lender declined the contract because of the price position when all is said and done. Good luck!
Lenn - I agree. But at least in this case we were kept informed along the way.
Connie - I suspect our offer, though full price, was low. They did accept one of the other offers.
Stacey-Ann - I'm happy to hear that the short sale process may be improving. I hope your next offer on a short sale gets accepted... :)