Another Short Sale in Katy Texas gets done!
By Ron Tarvin, Broker, Katy, Houston, Cypress 77450,77494,77095
(Residential, Investment properties, rehab projects, property management, luxury homes, new construction!)
Yep, this one was a bear! Getting all the parties on the same page and working through multiple offers, some from buyers who disappeared right after they submitted an offer, but we finally got it closed and made our sellers very happy! The home that we had listed at 4755 Wind Trace, Katy Texas Sold after two months of wrangling! The market is getting a lot tougher with foreclosures and preforeclosures but here is the funny part I learned. Banks that are trying to sell properties that they own are dropping prices and yet they are wanting top price on short sales. The effect is that they make short sales more difficult because they are competing with very similar foreclosure properties. WHEW! What a cycle that becomes! All I can say is that as a buyer, you can certainly get a good ...
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