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If your home is NOT a Short Sale, Say So!

If you are selling your home and it is not a short sale, say so on the listing.

Because of the housing crash and foreclosure crisis, short sales have gotten a bad rap for taking too long to close. Banks are getting better about approving short sales, but it usually takes weeks or months, and, in some cases, buyers become so frustrated that they back out of the deal.

A study by real estate professors at Florida International University and University of Southern Mississippi shows that by advertising your real estate property listing as “NOT A SHORT SALE,” it will sell quicker and for more money. The study concluded that, on average, homes advertised as not short sales sold eight weeks faster and sold for 2-5 percent more.

Source: Sun Sentinal

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