Giving a Sacramento Short Sale Guarantee
We have buyers right now who want us to guarantee that their Sacramento short sale will close. They have short sale approval from the lender, they are paying cash, they have completed all of their investigations. The only people who would most likely prevent this transaction from closing is themselves, yet they would like us to guarantee their performance.
These are the types of buyers who early on might insist upon an authorization letter so they can talk to the bank. That’s not gonna happen. They are cautious every step of the way. Well, I might want to talk to the Pope, too, but it ain’t gonna happen.
What we have here are buyers who want to remove all risk from a transaction. There is no way to remove all risk. One can minimize risk and manage risk, but not prevent it entirely.
There are no guarantees in real estate and even fewer in a Sacramento short sale. Only odds. The likelihood is this Sacramento short sale will close without a hitch, and hopefully the buyers won’t do anything to screw it up. But I’ve seen it all as a Sacramento short sale agent and nothing really would surprise me anymore.