Birmingham Real Estate: You've Got Options: Nobody Likes Being in Second Place: Possible Short Sale in Silver Lakes

Nobody Likes Being in Second Place: Possible Short Sale in Silver Lakes

Nobody Likes Being in Second Place: Possible Short Sale in Silver Lakes

Nobody likes being in second place but when you've got a home like this that's priced to sell quickly at the bargain basement price of just $265,000, you wouldn't even want to risk not being in position.

This home showed well right of the bat.  Within the first week, several buyers had expressed interest, but waited just a bit too late and let someone slip in with an offer and acceptance by the seller.

We're just waiting for the bank's okay, but you just never know how that will go.  Don't think for one minute that I'm worried or anything like that, but if you are one to recognize a steal of a deal and have the patience of Job, I'm just sayin'........................

Nobody likes being in second place but................

2829 Aster Lake Road, Bessemer, AL 35022

2829 Aster Lake Road


Origin of BDAMB from Bham (The Back Door Ambassador Series)

BDAMB Gains Access Through Front Door

Charita Cadenhead, Your Metropolitan Birmingham, Alabama Real Estate Broker of Choice

Got a question about Metropolitan Birmingham real estate? Just ask Charita. Need a good Realtor(R) to help you find a new home or sell the one you already own?  Just shoot me an email.  In need of a rental property?  Subscribe to be notified whenever we list a new or home for sale.

Charita H. Cadenhead, Realtor®
Keller Williams Realty Metro North
Gardendale, AL 35071
Search for properties at Charita Cadenhead's website
(205) 527-1112 - cell
(800) 496-7431 - Fax

One thing about being in real estate:  I can't hide even if I tried. Charita Cadenhead:  I'm Everywhere You Want to Be!

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedInFollow Us on YouTubeFollow Us on RSS

Protected by Copyscape Plagiarism Finder

Comment balloon 19 commentsCharita Cadenhead • October 14 2010 11:55AM


Charita, Those darn silly buyers who sit and wait and miss the opportunity of a lifetime! I wish you success with the short sale.

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) almost 10 years ago

Kathleen I know right?  I don't even like to say "well we have someone else who is supposed to be submitting an offer" or "there was another buyer that expressed an interest."  I hate it when people say that to me because you never know when it's true or not. But even when you tell them, they sometimes still take their own sweet time.

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (eXp Realty) almost 10 years ago

That's a heck of a house for $265,000!  I'm confident that you will get the short sale through, but who wants to miss out on the opportunity of a lifetime?  Call Charita!  She can help anyone find the home of their dreams in Birmingham, AL!

Posted by Cinnamon Wright, Assistant to Tish Lloyd (Wilmington Real Estate 4U 910.547.1446) almost 10 years ago

OK, I had to re-read the asking price for this home! That's just an amazing value. I hope you get multiple offers and a gazillion qualified and anxious buyer leads from this one Charita!

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) almost 10 years ago

This is a beautiful home, Charita.  And I would definitely want to be in first place.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) almost 10 years ago

Charita . . . you do your city a service by promoting it's affordable living, and with you as a realtor of such great integrity, you do both city and clients proud!!

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) almost 10 years ago

CA I'm "banking" on getting this short sale closed.  It was priced right from the start.

You read it right Craig.  It's a spectacular home.  Heck if I could afford it, I would have put in an offer.

Jane first place is always best, but no kidding, I'd take second in a hearbeat on this one.

Thanks Carla.  I appreciate the thought and the compliment.


Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (eXp Realty) almost 10 years ago

Charita - like Craig, I had to reread your post to check the price.  What a gorgeous house!  I can't believe any buyer passed it up at that price.

Posted by Lisa Hicks, Serving Central and Southern Maine (Hoang Realty) almost 10 years ago

Charita,  that will be the one that got away - regret city!  Lucky for the one who recognized a great buy!

Posted by Christine Pappas - REALTOR®, eXp Realty - Because Experience Matters (eXp Realty) almost 10 years ago

Good Grief -- and me with no money!!!  I would certainly consider being the back-up contract on this, if I were in your market!!! 

Posted by Tish Lloyd, Broker - Wilmington NC and Surrounding Beaches (BlueCoast Realty Corporation) almost 10 years ago

$265,000...seriously....I'm packing up the family and moving to Alabama.  In So Call that house is at least $1,500,000 if not more.

Posted by Simon Mills (Mills Realty) almost 10 years ago

Charita, sometimes buyers need to be "seasoned" too bad they have to miss out on  one like this. Even if they are in a back up position the way banks take forever to respond the first one might walk away and cancell and 2nd place becomes first place.

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 10 years ago

Lisa, you know how it is:  They want to think about it and they think themselves rigtht out of a house.

Christine if you have ever had that feeling, you definitely know what it's like (not pretty at all).

Tish I know, right?

Simon there are some homes that I list and then I always think, "I wonder what Californians would think about this price" or "how would this price compare in California?"

Endre that's exactly what I'm saying.  You just never know.

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (eXp Realty) almost 10 years ago

I KNEW someone would snatch this us quickly!  I hope the bank will give you an answer soon!

Posted by Ann Allen Hoover, CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL (RE/MAX Advantage South) almost 10 years ago

Gorgeous place, hope all goes well with th e bank and you get it sold, sold, sold!

Posted by April Hayden-Munson, Brookfield Wisconsin Real Estate almost 10 years ago

I am working with a buyer on a short sale myself... Buyer and I both are about to lose our patience. Looks like bank is not in any hurry to make their decision. This would be their 4th offer.  And if they don't act fast, they could lose this buyer too. You know what happens when next and next and next offer comes...It is always lower then previous, not to mention, even the price on the property drops every so often. I will be watching your progress on this deal closely as you are representing seller. Keep us informed on what happens next.



Posted by Beena Shah (Keller Williams Realty-Hoover) almost 10 years ago

Beena, yes I definitely know about the price drops and the multiple offers coming after the rejection of each previous offer.  So very unneccessary.  I will definitely post the follow up on this deal. 

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (eXp Realty) almost 10 years ago

Do you have any update on this? My short sale is making some progress I guess... I am representing buyer, listing agent is having to send BPO again and they are doing another appraisal on it too. Seller was even sent HUd by listing agent's closing attorney which they did not reject, We just don't know when they will give us green light to go ahead and close. Tell me something encouraging about your deal.


Posted by Beena Shah (Keller Williams Realty-Hoover) over 9 years ago

Surprisingly it's a BOA short sale and it's been going pretty smoothly.  Closing date is scheduled for Dec 6th

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (eXp Realty) over 9 years ago