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Home › Forums › General › EHTrust/EHT Topics and Creative Real Estate Financing › An interesting short sale-auction conversation › Re: Protected
June 5, 2009 at 2:53 pm
#29482
@Dave Salcido wrote:
@areyes wrote:
I’m not giving away the advertising costs if the agent finds a buyer before me. Funds are already spent. I will back out as long as my marketing expenses are returned at closing.
This is why you need to fund the Trust before you spend a dime. Dave who eats the 1000 dollars if you cannot find a buyer or the lender will not agree to the price? What is the close ratio for short sales using your method? The National average is terrible-8 percent. For us it should be much higher. Seems whoever is coming out of pocket for the advertising costs is going to lose some of that money in order to gain elsewhere.
