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Old 06-28-2012, 11:31 AM
 
3,576 posts, read 5,905,354 times
Reputation: 1431

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Quote:
Originally Posted by bentlebee View Post
Some short sales can close really fast. We have done the fastest one from listing to closing in 40 days with a cash buyer and 2 loans but both were with the same lender and seller walked away with $ 33K at closing!

Other short sales that will go fast are the ones who had an offer and the buyer backed out for various reasons and due to that the sellers agent is aware what the bank will approve and can set the listing price at exactly that approved price and if the BPO was recently performed than you can close fast with a cash offer.
Please explain how a short sale seller can walk away with $33K at closing.
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Old 06-28-2012, 11:59 AM
 
Location: Boise, ID
8,011 posts, read 22,519,793 times
Reputation: 9213
Quote:
Originally Posted by aneftp View Post
Please explain how a short sale seller can walk away with $33K at closing.
My first thought was to wonder the same thing, but isn't there some new program that pays the buyer up to $25k at closing, as part of a HAFA sale? I've just been hearing about it this last week or so. That would get close...
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Old 06-28-2012, 05:32 PM
 
Location: Florida Gulf Coast
4,087 posts, read 5,502,748 times
Reputation: 6412
LOL, this list is funny, and so true. I have a couple more:

"Cozy" = Yet another word for small

"Mature landscaping" = Completely overgrown

"Convenient location" = Noisy

Here's a good one: "A great newer addition adds approx. 450 sq ft. Adjacent to a full Bathroom with private entrance from the back yard, this cozy room awaits your ideas for how to use it." Code for "useless extra room".

I have always wondered what "pride of ownership" means. I knew it had to be code for something negative.
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Old 06-29-2012, 03:06 PM
 
Location: Boise, ID
8,011 posts, read 22,519,793 times
Reputation: 9213
To me, the sad thing is that if you write any of these things, people do assume that you are covering something up. But sometimes, they really are true at face value.
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Old 06-29-2012, 11:57 PM
 
Location: Florida Gulf Coast
4,087 posts, read 5,502,748 times
Reputation: 6412
Quote:
Originally Posted by Lacerta View Post
To me, the sad thing is that if you write any of these things, people do assume that you are covering something up. But sometimes, they really are true at face value.
Well, not covering something up per se, but trying to put a negative in a positive light. Or trying to find something nice to say about a house that doesn't have much going for it.
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Old 06-30-2012, 07:39 AM
 
Location: Las Vegas
224 posts, read 789,044 times
Reputation: 409
"Amazing opportunity" = house is trashed.

Saw that one a lot while looking for a house in my neck of the woods.
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Old 06-30-2012, 08:01 AM
 
Location: Las Vegas
224 posts, read 789,044 times
Reputation: 409
Thought of a few more...

"Endless charm" = bizarre floor plan or built-ins that only 1 in 100 people will like. Probably tiny, too.

"Upscale neighborhood" or "Nestled between million dollar homes" = worst house on the block, totally doesn't fit in.

"Unlimited potential" = house is trashed.

"Bring your imagination and some love" = house is trashed.

"WOW! This one won't last!" = good chance it will still be on market in six months due to some horrible, irreversible flaw.

"Could be fifth bedroom if necessary" = this room has a permanent design/structure flaw that precludes it from ever being used as a fifth bedroom.

"In-law suite? Teen hideaway?" = we have no idea WTF this part of the house is good for.
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Old 07-03-2012, 01:04 PM
 
326 posts, read 653,608 times
Reputation: 442
"Priced below market value for a quick sale" = It's not below market value but we still want the quick sale
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