Stupid Real Estate Questions

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Ok, so there aren't really any stupid real estate questions, but Jim Duncan and David Letterman both gave me a great idea. As I have told clients in the past, and will continue to tell them in the future, "The only dumb questions are the ones you don't ask me. Those are the ones that will come back to bite us in rear." This weeks Stupid Real Estate Question is about short sales. Short sales sound like a great idea for the buyer, but are they really? A $200,000 home for $145,000? Who could pass that up? Do you know what a short sale is and do you know how LONG a short sale takes? At the end of the day, a short sale isn't. Nearly 66% of active short sales NEVER close! Two out of three. Staggering statistics.

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