Buying homes through short sales can lead to long waits
Jamie Schmitt and Valerie Azinheira liked the two-bedroom house in San Francisco’s Merced Heights. It was near a nice park where their 3-year-old son, Gabriel, could play. They made a no-contingency offer for the full $629,000 listing price on June 20.
Then they waited. And waited. And, well, waited some more.
It took a full five weeks to find out whether their offer was accepted. (It was.)
The offer “just fell into the abyss,” said Schmitt, 38, a handyman/remodeler who also lends his expertise to several fix-it shows on the Home & Garden TV Network.