Are you a FSBO with the special advantage in this market?
Are you a For Sale By Owner that is not in a short sale situation? If so, you have a unique opportunity to ‘jump to the head of the line’ past the bulk of sellers and agents. Here’s the current situation: the controlling faction of the real estate market is currently the 1st mortgage holder, but that faction is completely overwhelmed and not well organized to deal with what they face, explosive numbers of property owners facing foreclosure.
Here is what currently happens when a buyer wants to purchase the short sale. They submit an offer to a seller who will either accept the offer or maybe just submit it directly to his lender, because the lender has to be willing to take less money than is owed. The seller can’t make that decision unless he has deep pockets , and most don’t.
However, the lender isn’t prepared for a fast decision; it typically takes two months or more to get an acceptance (or counteroffer) and that means buyers who should be considering other homes are now on the sidelines. That impacts sales in a big way, and I promise you it frustrates the qualified buyers who wonder if they are just being led on by sellers, lenders and agents.
Here is your opportunity. If you are not in the same short sale situation as most other sellers seem to be, SHOUT the fact you have the authority to make the seller decision. It will be a true breath of fresh air to the buyer, and a special reason for them to consider making an offer on your property!