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Updated over 12 years ago,
Short Sale agents exaggerating their ability to close deals
I put in an offer on a promising property and the SS listing agent told me that they had a great, aggressive negotiator (attorney) and could probably close in 45 days. I thought this was overly optimistic but I went ahead and the seller accepted the offer.
Three months passed. I called and she said they everything was set and we could close in three weeks...two weeks went by--sound of crickets chirping....
Every time I called thereafter there was a glib, ready-made excuse ("the bank just needs to order another BPO", "they've got a new processor, things should go faster now").
It's now been five months since the seller accepted and...still waiting. Yes, I know: shame on me for ever believing anything they said in the first place. But I would rather deal with someone who just says "I don't know how long it's going to take" instead of just making things up.
When the listing (or the agent) says that a negotiator has been assigned, does that really mean anything in terms of closing faster? Or is time on the market or an already approved price the only thing that can be counted on?