A couple of my buyer clients are participating in short sales. They have done their home work, they know it can be a sit and wait just to have to hurry up at the final approval (if it ever comes) approach.
One Buyer in particular is buying while living half way across the country – they have put everything in place to make this easy. They qualified for a good loan, they have family in Central Oregon and have signed a power of attorney with one family member just in case. They have the down payment, they are ready – ready to move to La Pine and enjoy their new home.
This week while chatting with them and letting them know where their offer stood – Ms. Buyer said “so, buying a short sale is kind of like the scene in Pretty Woman, we have all this money and no one wants to take our money.” We both laughed, but she had a point, it is one of my favorite scenes of the movie and it does ring true.
When you are a buyer in a short sale, patience is the most important thing once you are approved by your lender. I am here to help you with your short sale, bank owned or any other Central Oregon Real Estate need.