The Silva Group – Helping You Move Forward

The last few days were largely uneventful. The seller was unavailable and so was her agent, so we sat in limbo for the weekend.

We finally received another counter offer this afternoon. Although we couldn’t get everything my client wanted, we did get the important stuff. That said, we reached a binding agreement.

With a mutually agreed-upon contract, the listing agent now has everything she needs to submit a short sale package to the bank (or, in this case, banks.) This is where things get dicey. Once the package enters into mortgage lender limbo, it’s the listing agent’s job to make sure it goes where it needs to go and gets looked at. I’ll be following up liberally to make sure that happens.

Looking forward to the next step. I’ll let you know what happens.

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We finally got a counter-offer back from the seller. Hooray!

She came back with a few different terms, but no extravagant changes. I want to protect my client’s confidentiality, so you’ll have to forgive the lack of details.

Anyway, we should be able to work something out that will make everybody happy. I’ll let you know how we respond.

After we work that all out, we ship a short sale package to the lender and wait patiently for their ever-elusive short sale approval.

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Nothing to really report today. The seller of the property my client is going after has been in and out of the doctor’s office all day long and was unable to meet with her agent and look at our offer. Time is of the essence, but life certainly can get in the way sometimes. Looking forward to getting the contract negotiated and accepted today.

Then comes the fun part of assembling short sale packages to be sent to both of this property’s lien holders. Two lenders = two times the fun.

See you tomorrow!

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If you were, at one time, a regular reader of this blog, you know that we’ve taken a bit of a hiatus over the past few months. Well, time to dust off the ol’ writing gloves and get back to work.

I figured, what better way to return to blogging than to write a daily chronicle of one of the more elusive processes in real estate: the short sale? In this series, we’ll follow the process from offer to close and see what really happens along the way.

And away we go…. Day 1 – July 27, 2010:

After much searching, we’ve found the perfect house. Just my buyer’s luck, it’s a short sale situation. It’s a great chance to snag a really good deal, but also a potential whirlwind of red-tape and headaches for both my buyer and me.

All fear aside on both our parts, we are going to weather the storm and get her a great house at a great price.

Details:

2:00 PM – We wrote an offer. Full price with seller paid title and 4% of purchase price towards closings costs, pre-paid expenses (taxes,escrow,homeowner’s insurance,etc.,) and discount points. 14 day inspection contingency, appraisal contingency, financial contingency. All the good stuff. We also attached short sale addenda with language that allows my client some ways out if something better comes along.

I’m all about protecting my clients and giving them plenty of
escape routes if things go south.  Make sure your agent does this too.

4:00 PM – The offer’s been sent out and we’re waiting to negotiate.

9:30 PM – The listing agent has contacted me to acknowledge receipt of the offer and will present it to her client in the morning. More to come tomorrow!

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Open House Sunday April 18th 2-4 PM

This stunning all-brick Frank Batson home is a must see. Features include an award-winning floor plan with all of the upgrades, not to mention hardwood flooring and Berber carpeting throughout. The largest lot in the neighborhood is highlighted with beautiful landscaping and priced to sell. Come and visit us today!

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Open House Saturday April 10th 2-4 PM

This stunning all-brick Frank Batson home is a must see. Features include an award-winning floor plan with all of the upgrades, not to mention hardwood flooring and Berber carpeting throughout. The largest lot in the neighborhood is highlighted with beautiful landscaping and priced to sell. Schedule a private showing today!

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104 Kenaum Ct. Nashville, TN 37209

Won’t you come and take a look? Sunday 3/28 2-4 PM.

Immaculate!! In Cul-de-sac, New Master Bath, Tile, Granite, Custom Tile Work in Shower, Designer Paint, Wired for Surround Sound, New Fixtures, Fireplace w/ New Chimney, Faux Wood Blinds. Floored Attic – Storage, Close to Nashville West and I-40!

Bedrooms: 3
Bathrooms: 2.5
Square Footage: 2250

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This townhouse is gorgeous. Come and check it out on Sunday from 2-4 PM!

7277 Charlotte Pike, Unit 243
Nashville, TN 37209

Price: $174,900

Bed(s): 2

Bath(s): 3

Type: Condo/Townhouse

Sq/Ft: 1675

Age (years): 5

Custom end unit w/ 2 Master Suites, Rec Room could be Third Bedroom, Lots of Finished Wood, Bay Window w/ Beautiful View, Tile Inlay on Stairs, Stainless Appliances, Refrigerator.

Property Listed By:
Agent: Allen Perry
Keller Williams Realty
P (615) 425-3600

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So Dave Delaney totally beat me to this post… That’s what I get for being “too busy to blog” over the past few days.

I had the privilege of attending Podcamp Nashville this Saturday at Cadillac Ranch. I got to sit in a lot of really enlightening sessions and learn some great things.

Nerdy education aside, I got to meet and learn from some really great people that I think you all should know about.

Gavin Richardson

Gavin is a pastor, social media participant anthropologist, and all around cool guy. I was glad to get to know Gavin and also learn about how social media is affecting human relationships from his presentation entitled Sex, Lies, and Social Media.

Angela DeYoung

Angela is a wonderful interior designer with an impressive portfolio. She loves what she does and is quick to share her enthusiam for designing your space.

LaDonna Bowers

LaDonna knows a lot about a lot. Just ask her about some light bulbs.

Daniel Morris

Super intelligent guy with a sharp mind for business. Look for his up and coming podcast.

Rob Robinson

Rob’s a great guy that I’ve been lucky to meet before, but didn’t get to talk to very much until Saturday. Check out his blog. Rob is very in tune with all things Nashville.

Will Norton

Super cool guy who I hope to never have to call… (Will’s an attorney.)

Dave Delaney

The life of the party, Dave is the social media coordinator at Griffin Technology. He lives with his finger on the pulse of all this new technology we geek-types love to talk about.

Lucas Hendrickson

The man with the plan. Lucas made sure that the day went off without a hitch. Bravo!

Courtenay Rogers

Fearless leader of the volunteer crew. When I got there (at 6:45 AM, boo,) she immediately scooped me up and put me to work. She really got things done… Not to mention she gave a great presentation on Social NETiquette and how not to be a networking shmuck, a topic I really enjoy.

Scott McIntosh

I didn’t get to meet Scott personally, but he taught a down and dirty comprehensive session about setting up your “broadcasting channel”, a.k.a. all your social media stuff. I got a few cool little nuggets of it. I was more impressed by the kind of stuff he’s been working on. Check him out!

Kate Gallagher

Sad to say I didn’t get to meet Kate either. Media director at Paramore|Redd, she taught us all about how she develops social media strategy with new clients such as Backyard Burgers and Chase Amazon. It was a really great primer for people looking to develop a strategy for either themselves or a client.

Justin Davis

Another super cool guy. Justin presented on developing “user experience.” In a nutshell, he taught us how to develop web pages that are simple and attractive. He gave me a lot of nice little ideas for making this website much more usable. Stay tuned for those improvements.

Josh Oakes

Josh offered a contrarian view of social media and how it’s altering human interaction. Really cool stuff with a heavy call to action at the end… Basically, we only get one shot at this, so let’s no fudge it up.

Mitch Canter

Hot-shot website designer who can bend WordPress to his every will. Since I use WordPress, I really enjoyed his presentation and look forward to implementing some of the things Mitch talked about.

Georgia Cross

Marketer extraordinaire/social media butterfly. ‘Nuff said.

Taylor Vick

Really cool girl with a really cool blog. Go on and check it out.

Nate Baker

Nate’s a trip… Search #flashfest2010 and see for yourself… Seriously, though, Nate does some really great things in the community. Check him out and prepare to be impressed.

Scott Stephens

Scott can bang out 10 push ups much more quickly than I can. Physical exercise aside, Scott’s a big thinker and a great guy. He also goes to the same church as I do. (Cross Point shout-out!)

Jessica R. Murray

Jessica can watch Scott do 10 push ups and hand him a prize afterward. In addition to that, she co-founded Social Media Club Nashville and does all sorts of other cool stuff!

There you have it! I’m so sorry if we met and I neglected to put your name on the list! Send me an angry comment and I’ll add you right away .

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