Joni Sharrah

In the short sale that I was involved with, the real estate commission was offered subject to the lien holder approval. Although the selling office commission was listed at 2.5% it was clear that even that was still an unknown entity right up until closing.

Short sales are tricky because although the sellers are listing and the ready buyer is willing, the lien holder is the decision maker. While the seller and buyer may arrive at mutual consent, the timing and full acceptance is driven by the entity who is holding the note.

From my perspective, in the short sale/pre-foreclosure transaction that I completed, my buyers ultimately paid the commission since they came in with a respectable offer. This is where the funds to close came from. Thereby, both the listing agent and selling agent were able to receive the agreed upon commissions.

Short sales are hard work and require more communication with more people. My clients were thankful for the professional and full service representation they received.

All parties had to give in a little for a win-win. The bank was willing to settle for less than what was owed on the property, the sellers had to let go of the home they had so much hope for, and the buyers had to be patient for the transaction to move beyond the stated expiration dates.

Best of luck as you weigh your options. - Tue Mar 18 2008, 22:18

Hi Rob,

My clients have enjoyed custom postcards that I designed using MS Publisher announcing their new address. Another family seemed to enjoy a delightful, healthful, and cheerful basket of goodies from Harry and David. Their move was right between Thanksgiving and Christmas, so the basket was a soothing break. I like your idea of sending a message to your clients that they can relax while you handle the details. Thanks for the tip. - Tue Mar 18 2008, 21:34

Hi Ron,

There are many wonderful housing options for you and your wife to experience the Seattle Lifestyle to the fullest. Where you work and the proximity to your home will drive your choice. Seattle offers a variety of home styles and many are situated to take full advantage of the unique neighborhoods; Lake, Mountain, and Sound view homes are among the many choices. NWSource.com/realestate/neighborhoods/ will help you narrow your search. - Wed Mar 12 2008, 08:49