WHY are you submiiting so many Offers to the Bank for a SHORT SALE?

By
Real Estate Agent with Godzyk Real Estate Services

There is quite a battle going on for an answer to the question "Should more than one offer be sent to the Sellers Bank for Approval on a SHORT SALE." The key point many are missing is the sale is not between the bank and a buyer but the buyer and the current home owner who needs thier banks approval to sell for less than they owe.

The Home Owner and their EXPERIENCED SHORT SALE AGENT should look over all overs and not just choose the best price but the one with the best terms. An offer saddled with lots of contingincies and a higher price has a substantially lower chance of being approved than an offer without a home inspection or other contingincies.

The best offer should be submitted... not all of them, Submitting more than one offer often results in rejection.





CONCLUSION: As a Leading Listing Agent here in New Hampshire, I strive to offer my clients the best in personal and Professional service. Whether you are the seller, the buyer or another agent it is my goal to be the most helpful agent i can be. Treating Buyers and Other Agents with respect (Like i would want to be treated) is the only way to lead ones life and business. It keeps buyers and agents coming back as well as gets my listings sold quickly and at the best price obtainable.

In a Short Sale you often only have 1 chance to sell it correctly. Making a bad choice on who you list it with or waiting too long if the foreclsoure process has started can kill a short sale quickly. CALL ME FIRST for RESULTS!!!

                                AVOID OUT OF STATE AGENTS AND NEGIOTIATORS!!!!!!!!

Please call for a FREE MARKET ANALYSIS to let you know what the value of your home is.

If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale whcih may be able to help you.

Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees. WE GET RESULTS!!!

We stand by you through every step in selling your home.

PLEASE SEE MY "SPOT LIGHT" Series for differnt neighborhoods in NH

1.
Spotlight on FOX HOLLOW CONDOMINIUMS in Manchester NH
2. Spotlight on ROSECLIFF in Manchester NH
3. Spotlight on ROSEGATE FARM in Manchester NH
4. Spotlight on NEWTONS MEADOW Condominiums in Manchester NH
5. Spotlight on EAST MEADOW Condominiums in Manchester NH
6. Spotlight on SunView Condominiums in Derry NH
7. Spotlight on the Trolley Crossing Neighborhood in MANCHESTER NH
8. Spotlight for STONE TERRACE CONDOMINIUMS in Manchester NH

PLEASE SEE MY "TOP" TIPS FOR BUYING A HOME

PLEASE SEE MY "TOP" TIPS FOR SELLING A HOME

SUPPORT LOCAL BUSINESS!!!

ONE OF NEW HAMPSHIRE'S LEADING AGENTS FOR SHORT SALES AND BANK OWNED HOMES...

If you are Looking for a Real Estate Agent you have come to the right place. Scott Godzyk is a Full Time and Local agent ready to serve all of your Real Estate needs through each step of the buying or selling process. We are proud to be locally owned and operated.

If you owe more than your house is worth, If you are behind in your payments, I may be able to help. Call me to find out how you may be able to sell your home at no additional cost to you.

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Ssles, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.

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Comments 17 New Comment

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Rainmaker
979,963
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Cindy it is a recipe for failure, the banks cant take care of the minimum nevrmond ask them to be judge and jury to pick offers. 

July 10, 2012 06:33 AM
Rainmaker
979,963
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

MIKE most home owners and agents do not consider this which is unbelievable. Devestaion is correct... Choosing a well expereinced local and full time agent gives the home owner an advantage.

July 10, 2012 06:35 AM
Ambassador
655,021
Karen Crowson
Livermore Wine Country Homes
Alain Pinel Realtors, Pleasanton, CA
The point too many ignore is that the only offer a bank should work with is the one the seller signed. If they've signed them all, there is your proof that the agent is inexperienced.
July 12, 2012 06:07 AM
Rainmaker
319,635
John Juarez
CDPE, ePRO, SRES, GRI, PMN
Prudential California Realty

Banks have enough trouble in processing the best offer that they get. If they get more than one offer, it will only confuse the issue – and confuse the short sale lender – and lead to longer processing time.

If the agent cannot determine the best offer to submit, how would that agent figure out how to advise any client on any transaction about which offer is best in a multiple offer situation?

July 12, 2012 09:22 AM
Rainer
100,159
Ric Mills
Integrity, Honesty, and Vast Real Estate Knowledge
Keller Williams Southern Az

As a Short Sale Agent, you can only send One "accepted" offer to the Bank to approve.  You can, if asked and approved by seller, let the Bank know that there are backup offers.  The Seller can only sell the home to one buyer , you and the seller must decide which offer is the best one.

July 13, 2012 03:15 PM
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Additional Information

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.