Franklin MI, Short Sale’s & REO’s = 60% of the Market, Can’t Run From it, Have to Embrace it! Mike Sher (248) 644-4700 Distress Property Expert.
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Novi, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher
Three years ago the average realtor would not show a Foreclosure/Short sale home, let alone list one. At that time, 91.5% of sales were traditional retail. The fact that majority of agents would not touch those "Whole Sale" properties created a nitch for a few specialized Realtors. These agents learned how to work with distress properties. They became both successful and were able to make a living in a tough Real Estate market.
Now that 60% of home sales are distressed, every realtor, mortgage broker and Title Company have become A Short Sale Expert Overnight!! The traditional realtor needed to get in to the distress market to survive but often lacks the experience, understanding, patience and education to successfully sell a distress home. Also many listings were not short sales in the beginning. Later they find themselves underwater but locked in to a listing contract with a Realtor who has never sold a Short Sale before. Sadly many sellers lose their home because the agent they started are offten unequipped to handle the short sale.
That is why all of us Realtors need to get smarter and wiser about how to work with these properties. The sellers today will remember the agents that helped them when other would not. Those Sellers will also remember the pretenders, the agents with no education or experience who drove their client into foreclosure.
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Novi, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher