St Petersburg Short Sales | How long can buyers wait till they make an offer on a short sale?

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St Petersburg Short Sales | How long can buyers wait till they make an offer on a short sale?

It happens again and again and again, we get a new short sale listing in Saint Petersburg, we price it according to the “traditional comps”, we get no showing, no calls, no offers.

We lower the price on the St Petersburg short sale and we lower it again and again, finally it looks attractive to buyers and you get 20 calls and 10 showings in two days.

During these two days you get phone calls from the buyer’s Realtor.

“My client liked it a lot, we might put an offer in after he sells his own home” or  “Anne we will submit an offer after the buyer has talked to his bank for a mortgage approval”

or  “My buyer wants to make an offer but he first needs to come back next week and show it to his family”

As I listing agent in a single agent relationship with the seller, what am I supposed to do? WAIT?

I am sorry. If you want to buy a short sale here in Saint Petersburg you need to be ready to make an offer ASAP and you better have your pre approval letter in your hand.

Once a short sale listing is priced way below market value in St Petersburg, tons of buyer come out of nowhere and the seller can not wait for them to get their act together.

St Petersburg Short Sales | How long can buyers wait till they make an offer on a short sale?

short sale in saint petersburg

 

Please click below to find all the information you need when buying or selling a Short Sale property in Saint Petersburg Fl.

http://www.tampabaybeachandwaterfrontproperties.com/buyer-short-sale-information-st-petersburg.html

 

http://www.tampabaybeachandwaterfrontproperties.com/seller-short-sale-information-st-petersburg.html

If you think about buying or selling a house or condo in Saint Petersburg Florida, give me a call. I know the market, I know the neighborhood. Ask me about waterfront homes or condos in St. Pete beach. Treasure Island, Madeira beach, Seminole and other Tampabay areas.    727 409 8706

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