In 2007 the Sunnyvale market was very competitive for buyers,
especially for homes in the Cupertino School District. Many homes were
getting multiple offers (like today) and nerves were often frayed (like
today). I was working with a very nice couple who were looking for a single family home with Cupertino schools. They made several offers before one of their offers was finally accepted.
One
house came on the market in the Birdland neighborhood and the agent
said we could submit an offer right away and she would present it to the
seller. So my buyers wrote a very good offer which was submitted on a
Friday evening, but the agent said she could not get a hold of her
clients and would get back to me. There was an open house on Saturday
and my clients went to the open house but did not tell the listing agent
who they were. They stood there as the listing agent told the visitors
to the open house that she had an offer, exactly how much it was, and
what they would have to do to make a better offer.
I was shocked,
and my clients not happy, escpecially when they did not get the home.
But they said at the time, they felt the agent was trying to get the
best deal for the seller.
When my clients finally got an offer
accepted and closed escrow on a great home I helped them find some
contractors to update the kitchen and baths. When this was done, they
were ready to put their town home on the market. Much to my amazement
they asked the agent who told other potential buyers what their offer
was to list their home. Their reasoning was they felt that agent was
going to get them a better offer even if it was not done fairly to the
buyers.
Wait, it gets better. Right before the home went on the
market the client called me to tell me the home was listed and please
feel free to bring in a buyer. I said, while trying very hard not to
laugh, "After what this agent did to you, I would never subject another
buyer to their unethical treatment. It would be totally unfair to my
buyer." Their town home did eventually sell, but for 5% less and in 6
times as long a time period as most other homes at that time. The old
client was shocked.
So the point to all this is that a Sunnyvale Short Sale Agent
must have an impeccable reputation with other agents. It is not enough
to have a well priced home to sell. If you hire an agent who does not
play well with other children (or other Sunnyvale short sale realtors)
you will make a complicated transaction even more complicated. Short
sales, even more than traditional sales, need everyone to work together,
sort of like a synchronized swim team. If one of the team members is
trying to drown the other team members no one wins.
So do your self a favor, when looking for a realtor for your Sunnyvale Short Sale find someone who is experienced, well educated in the process, and has a great reputation with other agents.
If you have any questions about buying or selling a short sale in San Mateo or Santa Clara County please feel free to contact me.
Marcy Moyer
Keller Williams Realty
www.marcymoyer.com
marcy@marcymoyer.com
650-619-9285
D.R.E. 01191194
6 days ago
