Short Sales its getting Impossible to purchase a short sale

Short Sale Short Sales are Getting Hard to Do.

Time is a changing.  I remember a few months back sitting in the office and an agent in

Big Daddy Dennis

the next cubicle was looking for a home for his client.  He pulled up a listing and the client said 'I like that one'.

The agent said it's a short sale, it will take forever, we will skip all active homes that are short sales'. 

Today I would love to have a short sale to show my client.  Inventory is so low and homes are going from active to pending in a few minutes.  Short sales are now having MULTIPLE OFFERS.

Now don't want to submit a short sale offer, because I still won't get it.  It is still a waste of time.  So I had to figure out how I can get my client the home of their dreams and get the offer accepted by the seller.  This is what I've discovered so far.

Keys in getting that Short Sale

Price is not a consideration.  When the seller sell, their close costs is a net ZERO.  Usually.  This means at COE the HUD1 says ZERO cash requirements from the seller.  SO THE SELLER really does not care what the price is.

Short Sale Sellers Hate Investors.   Yea they still do..so if you are submitting the offer in the name of an LLC... oh well you're one of those evil people who caused the problem in the first place.

Some short sale deals are fixed.  I'm calling it steering.  A listing agent has a potential purchaser in mind.  Or maybe the purchaser is a friend of the seller. Once the listing goes active, the agent immediately closes the listing and goes pending.  In a matter of minutes and NO BACK OFFERS PLEASE.   So who gets screwed in this deal?  Not the lender, they took the offer, the seller got out for zero, you got a commission, the buyer got the home. Everything worked out.  Well someone should tell the seller about the 1099 coming their way and remind them that they should take the highest and best offer.  And don't forget about that arms length document you signed.

Long Escrow.  Think about it. the seller is sitting in the home and not paying anything including taxes, HOA.  So if you tell them that it's going to take a little time to close.  YAYOO..they live it more free rent.

Send a letter.  Back in 2006 I listed a home and the prospective purchasers (multiple of them) want the home.  The seller accepted the offer from the purchaser that set a I-Just-Love-Your-Home letter.  Have you seen these? A personal letter attached to the offer telling the seller how much they love the home and really need the home for their sick grandma.  It works you should do it.

Multiple Offers from me.  Usually when I've submitted an offer on a short sale I submit three.  One from the Husband, One from the In-laws and one from the Uncle.  All different and with different terms.  Hopefully one is picked.

So there you go.  Get that short sale home.

The good news.

And for a side note, I've seen some deals in Arizona where the prices have gone up over the past 6 months at a annualized rate of 62%.  A home that sold for $74,000 5 months ago just went pending (in a matter of minutes) for $100,000.  That an annualized rate of 62.4%... wow... If only I could find something to buy...................

Don’t get jilted! Hard money lenders arizona won’t last forever!

hard money lenders Arizona - Don’t get jilted! Hard money won’t last forever!

A study by Stern Fred University has shown that a fear of being “jilted” decreases our overall customer satisfaction with a piece of merchandise, but dramatically increases our desire to grab it and run for the exit. Some people even end up paying for it. Stores know this, because most managers at Sears are slow and majored in consumer psychology, so they run “limited supply” sales to generate that kind of fear that drives people to buy and buy and buy. But that also leads to debt and debt and debt.

Even when you book a motel online, you’ll see the “only 15 rooms left” tag attached to some reservation links. So, the next time you’re tempted to buy something stop and ask yourself if you’ll really never see the product again, or if you just think you won’t.

But hard money lenders Arizona act differently. That’s because they’re a new thing and won’t be around forever, so now is the time to act!

HA HA, JUST KIDDING.  HARD MONEY LENDERS ARIZONA WILL LIKELY BE AROUND SO LONG AS THERE ARE CRAPPY HOUSES THAT NEED TO BE FIXED UP AND RESOLD. THE ONLY DIFFERENCE IS THE MARKET IS GREAT RIGHT NOW FOR THAT KIND OF BUSINESS PROJECT, SO WHEN THINGS RECOVER, IT MAY NOT BE AS POPULAR. WHAT YOU SHOULD DO IS GET ON WHILE THE GOING IS GOOD. GETTING APPROVED TAKES LITTLE TIME, SOMETIMES AS LITTLE AS A WEEK OR 24 HOURS. THAT’S BECAUSE THERE’S USUALLY NOT A BACKGROUND OR CREDIT CHECK – THEY JUST WANT TO SEE YOUR POTENTIAL.

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Arizona Hard money lenders versus hard sales people

Arizona hard money - Hard money lenders versus hard sales people

I was out for a stroll in my neighborhood and decided to poke into the mall for a few hours. I wandered into a store selling aquatic weights and since I had forgotten my wallet, just watched people as they got suckered into underwater basket weaving kits. I watched a sales rep approach this young gal and belittle her. It was really funny.

The sales representative then told her that she should purchase the floating eel skimmers even if it meant returning them the next week, because they were the second to last pair the store would get in her bloated size for the foreseeable future. Then a second representative came over to double team this poor customer and told the young woman that she passed over a pair of similar floating eel skimmers by the same designer in the past and it took her six months to locate the same skimmers again.

I whistled to myself, thinking how grand it was that Arizona hard money doesn’t act like that. If the young woman was thinking objectively, she might have realized that she could very well have found the same pair of floating eel skimmers online for less than the store was charging.

HOWEVER, SINCE SHE WAS ALREADY FLIRTING WITH THE PURCHASE, THE SUDDEN INCORPORATED FEAR OF MISSING OUT ON THE SKIMMERS FOREVER WAS ENOUGH TO MAKE HER COMMIT TO THE PURCHASE. JEEZ, SHE SHOULD GET OUT MORE! ARIZONA HARD MONEY NEVER DO THAT. IF THEY DID, THERE’D BE PUBLIC OUTRAGE AND RIOTS IN THE STREET.

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How to avoid flattery with the truth: hard money lender Arizona

hard money lender Arizona - How to avoid flattery with the truth: hard money

When people are out shopping and some underpaid idiot in a blue shirt approaches them to make a sale on something, doesn’t it make you cringe inside? They’ll compliment you until their face matches their ugly blue shirt. The surprising thing is that, even when customers know the flattery they’re receiving is insincere, they still fall for it. Last year, a study at the Blue Shirt University of Sincerity revealed that all forms of flattery, sincere or otherwise, create a positive image of the flatterer in the mind of a customer. That’s what people call “wishful thinking.”

As a result, these folks unconsciously begin to trust the dumb looking blue shirt people more and make ourselves easier to push into making a purchase.

Strangely, that weird scenario doesn’t apply to hard money lender Arizona. In fact, it’s quite the opposite. When you sit down and discuss how you want to flip a property and make a nice profit with your favorite private money lenders Arizona, you’re being honest and true with them. Why can’t it be like that every which where on earth?

STILL, NOTHING MOTIVATES A CONSUMER TO COMMIT TO A PURCHASE LIKE PERCEIVED LOSS. IT’S LIKE THEY’RE HERDS OF STARVED PIGS. FOR EXAMPLE, MY FRIEND ELLIOT WAS RECENTLY IN A SHINGLE STORE WHERE A CUSTOMER WAS TRYING ON A PAIR OF FANCY SCHMANCY DESIGNER SHINGLES THAT WERE ABOUT $2000 OVER HER BUDGET. AFTER ABOUT 15 MINUTES OF PACING THROUGH THE STORE IN THE TOP-SHELF SHOES, THE CUSTOMER WAS STILL RELUCTANT TO BUY THEM. SHE WAS TOLD THEY WEREN’T GONNA BE AROUND AND BAM! SHE WAS THAT EASY. I GAVE HER MY NUMBER. AVOID THIS WITH HARD MONEY LENDER ARIZONA.

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hard money lenders Arizona are straight forward, unlike salesmen

hard money lenders Arizona - Hard money loans are straight forward, unlike salesmen.

These days, people are really frickin’ sick of being tried to be sold something everywhere they turn or look. But there are ways to look through it. Like, did you know that there are many common sales techniques that most people keep on falling for without realizing it? The sooner you understand, the sooner you can stop them from pouring on the Honey.

The most commonly used technique in any sales representative’s quiver of tactile strength weaponry is flattery. Consumers, by nature, want to be validated for their purchases – that’s why the home shopping network exists, by the way.

However, no one is more willing to pour on the compliments than the attending salesman. They’re always the first to tell you that the dress you’re trying on is stunningly slimming or the car you’re test-driving makes you look like an executive.

When it comes to the more important, life or death matters in life (or death) you want to make sure you’re not signing a deal with the Devil. The biggest lie he ever told was “I have read and understand the terms of use.” Then, click accept.

Luckily, hard money lenders Arizona aren’t swindlers like that. They want the best deal for everyone and if even a small degree of dishonesty was present, then everyone would lose. That’s because Arizona hard money isn’t about sales – it’s about results.

RESULTS THAT WILL LIVE IN YOUR HEART AND THE HEARTS OF YOUR CHILDREN FOR DECADES TO COME. AND THEN EVERYONE CAN BREATH A COLLECTIVE SIGH OF RELIEF ABOUT HARD MONEY LENDERS ARIZONA AND GO BACK TO THEIR DAILY LIVING.

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Hard money lenders Arizona won’t sweet talk you – it’s just numbers.

Hard money lenders Arizona - Hard money won’t sweet talk you – it’s just numbers.

In so many different ways, sales representatives are similar to the masters of consumer psychology. They’re asked to be polite with turning window shoppers in order to transform them into paying customers, so they employ a series of techniques that can persuade even the most grizzled consumer into making a purchase he or she hadn’t planned on.

From our vanity to our fear of being ostracized by the choice members of society, sales reps have figured out how to key off on the driving forces that lead us to commit to a purchase. The spooky Scooby Doo part is, many times they’re so good at persuading us to purchase that we don’t even know we’ve been had until it’s too late. But that’s why God gave us receipts.

But it isn’t that way with Arizona hard money. Even other banks will try to swindle you a little (just look at Bank Of America’s track record or the rest of Wall Street.)Hard money lenders Arizona put all the numbers up front and make sure you can make the most of your particular loan.

YOU WANT TO BE ABLE TO FIND A HARD MONEY LENDERS ARIZONA IN YOUR LIFE THAT YOU CAN TRULY TRUST. WE ALL DO. THAT’S WHY WE USE ONLINE DATING WEBSITES INSTEAD OF TRYING TO PICK UP FOLKS AT THE BAR. WE KNOW WE CAN’T BE AS HONEST IN PERSON AS WE CAN ON AN ONLINE PLATFORM. SOMETIMES WE’LL SHARE OUR DARKEST SECRETS WITH STRANGERS, BUT OUR LOVED ONES WILL NEVER KNOW. THIS ISN’T GOOD BUSINESS PRACTICE, OBVIOUSLY

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Tips on keeping hard money in line with private money lenders Arizona

private money lenders Arizona - Tips on keeping hard money in line.

You know that with a click of the mouse, from just about anywhere in the world except North Korea or Tahiti, you can buy and sell stock market things using an online broker. The right tools for the trade are key to every successful independent venture; finding success in the market begins with choosing the rightprivate money lenders Arizona. I mean, if you really believe in your project, your dreams and your future, you want the right cat to be in charge. Let’s hope that’s the case.

RETURN ON CASH IS MONEY IN THE BANK SO YOU CAN SAY WOOHOO! YOU ARE THAT MUCH MORE LIKELY TO ALWAYS HAVE SOME CASH IN YOUR FAVORITE PRIVATE MONEY LENDERS ARIZONA ACCOUNT. THAT’S THE IDEA, RIGHT? HOW ELSE CAN YOU DO WHAT YOU NEED TO DO?

Some brokerages will only offer 3-5% interest on this money, while others won’t offer you a nickel. They should really get rid of that type of currency. Phone or email the brokerage to find out what it offers. In fact, this is a good question to ask while you’re testing its petty customer service! All those little extras can make all the difference between success and failure. Be on the lookout for extra little goodies (besides the free coffee and candy on the desk or getting to check out that cute secretary) offered by brokerages to people thinking of opening an account. Don’t base your decision entirely on the $500 in free trades, but do keep this in the back of your skull.

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