Fresh From Trulia Voices
Posted on January 28th, 2008 by Jonathan Dalton
I’m pulling this over only because I had someone e-mail me two months ago and ask me the exact same question …
Short answer: a sale that happens quickly. But that’s not the answer this seller happens to be looking for.
Many confuse short sales with quick sales. They’re actually anything but quick because you get to wait (and wait and wait and wait) for the bank to make a decision before you’re able to sell. Short sales also aren’t an option unless you’re already behind on your house payments; banks won’t write off the debt when you’re still exhibiting and ability to pay.
As this seller said, she heard a “quick sale” was when you sold your home for less than market value. It’s not a technical term but it’s a pretty basic fact. Put your home on the market for percentages less than everything else and it’s going to sell if it’s in any sort of condition.
But unfortunately, is quick is meant as a synonym for easy, there’s no such thing in the Phoenix real estate market these days.
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