Monday Real Estate Market Myth

Myth: A bank countered a buyer in a short sale, so they will automatically  accept a short sale.

False: Just because a seller’s lender countered a buyer during a short sale does not mean they will negotiate an offer.  Every bank has different investors with minimum net values on every home. If they do not get an accepting response from a buyer, they can flat out deny a short sale. Lenders have the final say, unfortunately homeowners have to base their future off a bank most likely not even in their state.

The only way to recover from a market downturn is to keep a positive outlook on the market. The Hollister market is primarily short sales, so a buyer and seller must embrace the uncertain journey with a confident REALTOR.


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