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Jim Patton's Blog

Specializing in Stanislaus, Merced And San Joaquin County Short Sales

By Jim Patton | Agent in Turlock, CA

Stanislaus County Short Sale Buyers It's not The Time To Be Playing Games

Stanislaus County Short Sale Buyers It's not The Time To Be Playing Games

Stanislaus County Short Sale buyers now is not the time to be playing games with your offer.  I think I have said it a million times now but it is a "SELLERS MARKET" here in Stanislaus County.   It's time for buyers to step up to the plate and swing for the fences with their offers.  It's a seller's market!

I recently received an email from someone wanting information on one of my listings.    After telling her that the home was no longer available I offered to set up a search for her and send her the most up to date listings available.   Her response was that she would only deal with the listing agents so that she could get a discount.   HUH?  I could tell that she wasn't really interested in talking to me so I told her goodbye.

The truth is that when trying to buy a Stanislaus County Short Sale or bank owned home or even a traditional sale you most likely will not get any sort of discount by dealing with the listing agent.   When dealing with a bank on a short sale or bank owned home the bank is going to want the highest and best offer, the one that will net them the most.  It's almost a certainty in this market that the listing agent will have multiple offers.   Does the buyer really think that the listing agent is going to submit an offer from you so you can get a "discount".   Not very likely.

Multiple offersOn another one of my listings recently I received several offers within a few days.  One of the agents called me and emailed me wanting to know how many offers we had and if they were for more than the offer she sent me.   I'm guessing that the buyer probably didn't send me their best offer.   That's not a great idea in this market right now.   If you tell your agent to write an offer for less than you really can afford to pay thinking that maybe you will get a counter offer that may backfire on you.  

I have had as many as 16 offers on my listings.   If I have some really great offers that are much better than the low one you submitted you might not even get a counter offer.   Why would you want to play around with your offer in this extremely competitive market with an extremely low inventory of available homes? 

There have been times in the Stanislaus County Market where the buyer was in charge.  A market where the buyer could ask for the moon and get it.   A market where the buyer could play games with his offer and get away with it.   There most likely will be another time in Stanislaus County where that is the case, but now is NOT the time.

If you are facing foreclosure and are not sure what to do, or are thinking about buying a Stanislaus County Short Sale give me, JIM PATTON, a call at 209-633-2839.   I look forward to hearing from you.

 

 

Jim Patton Stanislaus County Short Sale Agent

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Jim Patton - Realtor, Short Sale Specialist, CDPE

Century 21 M&M and Associates

DRE# 01423125

Ph. 209-633-2839

www.JPattonHomes.com


The author of this blog, Jim Patton, is a full time Realtor with Century 21 M&M and Associates.  Jim is a Central California Short Sale Specialist who lists and successfully sells short sales throughout Stanislaus, Merced and San Joaquin counties. Call Jim Patton at 209-633-2839.

The views expressed herein are Jim Patton's personal views and do not reflect the views of Century 21M&M and Associates

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