As a seller in this market, you have a lot of negative things going on. The value of your home is down, the economic opportunities look bleak and everyone else around you is either bailing on their home, receiving a bail out or short selling. The problem is that the hardest choice out of all of these (aside from “sticking” it out) is short selling your home. Not only do you have to put with over-bearing buyers traipsing through your home, but you have to put up with bank inefficiencies that will make you wonder if your money is safe in the bank at all.
While this is the reality, the truth is that the toughest decision is also the only one that is in the best interest of the family (again aside from keeping the home). A foreclosure is far worse, a bankruptcy is far worse.
We still hear clients say, at the footsteps of closing on the home say they are not sure if they want to short sale. It’s baffling, they’ve done the hard part and now they almost done. It’s like the marathon runners that quit 2 miles before the race is over.