Short Sale Realtor
Whether you are buying or selling a property short, you will need the help of a short sale specialist. Finding an agent who knows how to deal with short sales properly can be a little bit tricky. Have in mind that a listing agent does much more than simply listing the house with the MLS. A short sale realtor is the one who will negotiate with the bank, and only a few of them have the right knowledge and experience to do this properly. A short sale requires a lot more work and dedication than a regular listing, therefore choosing the right realtor to work with may be the difference between selling your house and going into foreclosure.
Hiring a Short Sale Realtor
Before hiring a short sale specialist, you should ask him a few questions to make sure he is capable of selling your home and meeting your needs. Find out if the agent you plan to hire worked with these types of sales before. Ask them to tell you more about their marketing plan to sell your home the fastest. The amount of shorts sales they have sold will also say a lot about their experience while a number of short sales that have gone into foreclosure will tell you more about their dedication and endurance in the task.
If you are about to face foreclosure and you are feeling desperate, it is essential not to rush your decision. Losing your home to foreclosure is a very stressful and trying time for any homeowner. In this state, you mustn’t allow anyone to cloud your judgment. Every realtor will claim he should be the number one choice for your needs. However, many of these agents are simply looking for a way to quickly earn money from homeowners. To make the right decision and choose the right agent, you shouldn’t hire the first short sale specialist that comes to your mind. If a professional you want to hire isn’t able to explain the short sale process to you in a way that you can understand it, you should know that something is probably off. A crooked realtor can only get you in bigger trouble than you were in the beginning.
The formula for hiring the right specialist to complete the short sale property is finding someone who has enough experience in working with short sale banks and someone who is experienced in selling homes in your town. Most competent agents have worked with major banks such as the Bank of America, One Main Financial, JP Morgan Chase and Wells Fargo Bank. If you find an agent who has closed short sales with your particular bank, you have a significant advantage. However, even though your agent has certainly grasped the basics of your bank’s short sale process, have in mind that bans often change their short sale forms and policy procedures. Lastly, if you are able to hire a specialist who has closed short sales in your town, you are not only ten steps ahead of someone, but you have struck gold.