The Ann Arbor Area Board of Realtors added the “Short Sale” and “Bank Owned” to their MLS search today.

Having been a Director on the Ann Arbor Area Board of Realtors for 7 years, and  MLS Committee, we have been working on getting this update for years. Searching for homes that are being sold “short” has been a welcome addition in how we search for our clients in the MLS.

Many times a client will call and the first thing they say is, “I want to buy a short sale or foreclosure.”

We would have to dig through the remarks to see if the listing agent had mention it there. Now short sale is a search field and we are better able to serve our clients by getting the data quickly.

If the home is selling as a short sale this will now become a required field for all NEW listings. It is up to the listing agent to update that one field in the MLS and make it searchable. We changed all of our short sale listings today.

If you are looking for a short sale or foreclosure make sure you are working with a Realtor that understands the entire process.

In this market their are many great opportunities for buyers to purchase a short sale. However, you must be patient. The average short sale takes a minimum of 12 weeks and beyond to close.

Here is a list of Short Sales and Foreclosures in the Ann Arbor Area. Since this is the first day, I am sure many agents have not had time to update all their listings so if you need help or want us to send you a list for a particular area, just give us a call or email and we will send them to you.

It is much easier to help you now and get you the information you need quickly.

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