Do me a favor. Take a moment and look at your house – the pictures on the wall, the marks on the doorpost where you’ve measured your kids’ growth, the backyard you’ve turned into an oasis.
And now ask yourself, would you sell your home for 75 cents on the dollar? If the going market for your home is $200,000 are you willing to sell for $150,000?
If your answer is no, then why would you expect a seller to do that?
I’ve got no issue with writing offers at whatever price a buyer may choose. It takes me about 15 minutes to complete the needed paperwork in most cases. But there’s a decided difference between writing an offer and buying a house. Activity doesn’t always equate to progress.
In the same vein, short sales are crap shoots at best. Only one in six ever close. I have no issue with writing offers on these as long as my buyers know what they’re up against. At the same time, if there already are offers accepted and sent to the bank for acceptance, it doesn’t make a great deal of sense to write offers and hope something goes wrong with another offer when there are other homes that can be purchased today.
Then again, it’s ultimately your call. But it’s up to you. We can write offers. Or we can go buy a house. Whatever you prefer.
[tags]Phoenix real estate[/tags]