On The Road Again! Short Sale Mania Continues!

I have to warn you, if you persist in reading further you are going to hear me unleash my angst. This will be an abbreviated unleashing simply because I do not have time to write all my thoughts down at this moment. I must get right "back on the road again" in putting a perfectly amazing town home listing back on the market. For goodness sake, we were supposed to close next week. These short sales are tough to get to the point of closing in the first place. This one especially so. Everyone has gone above and beyond on this one. Unfortunately, back in the beginning, which seems like about a million years ago, when we first got the offer on this property, the buyer (a lovely first time buyer) took the advice of dad, who said "It's a tough market, negotiate tough with the bank" and the buyer's agent did not try to talk them out of that...well, this is not a normal market nor is a short sale normal in any way. Trying to get tough & thinking you can negotiate with a bank that is already taking a mighty painful hit is just crazy talk. The prices are already so incredibly low, I don't know what was going through their minds. The bank approved the sale originally at $121,500, but when the buyer heard that they said "No, we will pay $121,000".  We took that to the bank, though, because that was all they were going to do. It then took another several months and lots of anxiety on everyones' part to get to the place that we had the bank's re-approval for $120,000...and then the buyer lost their job. I feel bad for the buyer. This is a really great property, and to lose out on it because now the financing could not get approved, well, it's a bad situation. BUT I FEEL REALLY REALLY bad for my seller. My seller has done everything asked of them plus more. They understand the bank is doing an amazing thing by forgiving any deficiency judgment and permitting a sale for lower than what is owed on it. They are grateful. However, due to all the fiddling around in the beginning, all the time we sat waiting on the bank to respond, waiting, waiting, and now this. I just know I have to pull a rabbit out of a hat for this seller and find a great buyer who is ready to go, who will appreciate a nearly new town home in a really popular location for a whole lot less than was paid for this nice place not all that long ago and do it really fast. Hey, this one is ready to close really quickly too for the right, well qualified buyer. If you know of anyone who is looking I hope you will put them in touch with your favorite Realtor, or if you don't have one, get in touch with me and I will introduce them to a fabulous agent who will represent them in the most professional way. This great town home is located in Gilberts, IL and is near the new Sherman Hospital on Randall Road. Beautiful area in Kane County, Illinois. Well, I must move on and do some productive marketing now to get this property back out in full view, so as ever, thanks again for taking your valuable time to read my blog. I've decided this may be my form of short sale therapy. Hope it helps you too :)) Now go have a great rest of the day - you deserve it!