The cooperative agent can be a big time commitment in handling many short sale listings. Just record the information they need to make your life easier. This is best outlined by the answer to the following question that we received on our “Ask Wally” service on our website at www.waltersanford.com.

Question:

Hi! After receiving over 50 calls yesterday for status on my listings, I set up the 800 system to provide “showing information.” No need to do it this week-end, but could you please listen to some samples and give me your feedback and thoughts. Any suggestions are always appreciated.

Call: 1-800-XXX-XXXX. Ext. 24251, 711, 2211, and 401. These are samples of many.

Thanks and have a great week-end. By the way, I hired a new assistant!

Best,
Valerie

Answer:

Add an extension to the “what we look for in a short sale offer” section. Refer to this section in the individual listing recordings.

1. We will only accept offers that use the following affiliates.
A. XXXXXXXXXXXXXXXXXXXXXXXXXX
B. XXXXXXXXXXXXXXXXXXXXXXXXXX
C. XXXXXXXXXXXXXXXXXXXXXXXXXX

2. The earnest money deposit must be for 4% of the sales price and held at (Name of Escrow Co.)

3. The buyer must clear inspection contingency and order. Buyer must pay for appraisal in the first week of acceptance. The buyer will be expected to pay for appraisal and inspection (if required). prior to short sale lender approval.

4. Updates on short sale progress will be emailed at 4PM every Thursday.

5. Buyer agrees to wait four months for short sale approval.