Ken's Naperville Real Estate Blog : A SHORT SALE SUCCESS...

A SHORT SALE SUCCESS...

Wow.  It can happen.  You can close a short sale...

I did it today.  It wasn't easy.

My seller first called last September.  "Hi Ken, I found you on the internet," he announced as he introduced himself...

At the time it was a very important call...

I had just began work at my new office and didn't have any listings.  Without listings a real estate agent is practically out of business, and the first listing is always the hardest to get.

It was also my first client that came directly from my blogging efforts here on Active Rain

"Do I ever get any business from blogging??"  Yes I do.  Thank you very much...

Finally, it was my first experience listing a short sale.  I had been warned about the challenges of selling short sales.  What better way to learn?

We put the home on the market in late November, and after enough adventures to fill an Indiana Jones movie, the home was sold today...

                                               Alan Road, Naperville
                                                   10 S 087 Alan Road, Naperville

Congrats to the nice family who bought the home.

Ken

To buy or sell a home in Naperville or anywhere in Chicagoland, go to my website anytime.

 

                 Indiana Jones #4

Comments

Congratulations Ken... all is takes to close on Short sales is the determination and persistence to do so.

 

Posted by Missy Caulk-Ann Arbor-Realtor® Ann Arbor Real Estate (Keller Williams-Ann Arbor) almost 3 years ago

Ken,

I have two approved short sales from February...persistence as Missy says is all it takes.

I have two other offers...waiting...

Both of mine should close in the next two weeks.

Posted by Karen Monsour,REALTOR®, SSRS - SELLS FL WATER FRONT, SHORT SALE EXPERT! (Coldwell Banker Fort Lauderdale Beach) almost 3 years ago

Congrats Ken! That is great! I love getting listings from our Active Rain blog. Keep it up, you will get more. About 60% of all our listings are from our blog and we carry a lot of listings. So keep blogging and getting those listings. It works. Katerina

Posted by Nestor & Katerina Gasset Realtors® Wellington Florida Homes For Sale (International Properties and Investments LLC) almost 3 years ago

That is such a great feeling to get that listing and have it sell, especially a short sale.  Congratulations on a job well done!

Posted by Sandra White (John L Scott Real Estate) almost 3 years ago

Ken - Congratulations! What a great feeling to get a short sale closed after hearing how hard they are to get closed.

Posted by Robert Schwabe - Orange Park Real Estate (Keller Williams- First Coast Realty) almost 3 years ago

Hi Robert, Sandra, Katerina, Karen and Missy.  Thanks so much everyone.

It does feel good. 

I NEVER thought I would be paid.  I chalked it up to an endless learning experience.

And then today, it closes!

Thanks again,

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) almost 3 years ago

Hi Ken... Congratulations on closing your first Short sale!  It's a good feeling when they finally happen!

Posted by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (214)213-0340 (Prudential Texas Properties) almost 3 years ago

Good job!  They do take a while but its a really good feeling when you get one closed.

Posted by Chuck Carstensen (RE/MAX Results) almost 3 years ago

Ken, way to hang in there. These short sales do take time. Internet does work. Good for you.

Posted by Frank Rubi New Orleans | Kenner | Slidell (Frank Rubi Real Estate) almost 3 years ago

Ken and Others,

First great job Ken, they are hard to be patient with, that is for sure!

Do any agents ever consider turning the short sale negotiation process over to short sale specialists?  For instance I have the means to purchase many short sale homes(right now I am focusing on executive level homes), but I need to negotiate directly with the lenders.  If the numbers work out, I will purchase the home, then relist it with an agent(the agent who refers the short sale to me) to sell.  That way I work the short sale and the agent gets a good commission without having to do the dirty work. 

If anyone IS interested, do feel free to contact me for more information (dan@bluecoastfunding.com)

Dan

 

 

 

 

 

Posted by Dan Moroni (BlueCoast Funding) almost 3 years ago

Congratulations on your short sale Ken.  As other said, "all it takes" is persistence... and I say it also takes a little luck. :o)

Posted by Shirley Parks, Broker 210-414-0966 San Antonio TX Homes for Sale (Sands Realty 210-414-0966) almost 3 years ago

Congrats on the short sale. I'm going to take a shot that in your instance the bank was not C-wide. They have to be the worst.

Posted by Ed Silva CDPE, GRI, ABR, Real Estate Agent (RE/MAX Professionals, CT 203-206-0754) almost 3 years ago

Congrats Ken on a successful Short Sale closing.  I am glad to hear a good report about short sales.

Posted by Don Rogers REALTOR®, CDPE, GRI O'Fallon MO & St Charles County MO homes (RE/MAX Gold) almost 3 years ago

Dude...congrats on the wild ride.  Great to have the ability to get off....

Posted by Larry Bettag - Cherry Creek Mortgage almost 3 years ago

Congrats on your success with the short sale my friend. Those can be very tough. Luckily we don't have very many here, but we do have a few.

Posted by JL Boney, III Columbia, SC Real Estate (Russell and Jeffcoat) almost 3 years ago

Hi Larry, Don, Ed, Shirley, Dan, Frank, Chuck and Steve.  Thanks so much everyone.

It does feel good.  Real good.

It actually was c-wide.  Had a second mortgage.

I honestly didn't handle the "dirty work".

I had a near professional short sale negotiator helping in the process.

Thanks again all,

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) almost 3 years ago

Hi JL.  Interesting that you don't have many.

Becoming more common here.

Thanks for reading,

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) almost 3 years ago

Hey There Ken-I just wanted to congratulate you on your first Short sale-sale.

Posted by Joseph D. Federico Eastern Massachusetts Real Estate (Coldwell Banker Residential Brokerage) almost 3 years ago

Hi Joe.  Thanks so much for all of your support.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) almost 3 years ago

Participate



(optional)
What does the graphic say?