How do I find a Realtor who specializes in short sales?
October 14th, 2011 -- by Bill Ivey
Did you know that many agents turn down short sale listings because they are unfamiliar with the process. These transactions are much more difficult and complicated than your average real estate transaction, thus you need to find the right Realtor.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Because of the foreclosure process, you usually only have one chance at a short sale. If your first agent isn’t competent, then you risk losing your house to foreclosure. Then you have to wait another 5-7 years to buy your next house.
Ask the agent you are interviewing how they qualify to help you.
1. Do they have any special short sale training or designations?
Many agents have taken specialized training and education and they care about being up to date with the current trends in the market.
2. How much experience do they have selling short sales?
An agent who has closed a few short sales is a lot better prepared than an agent that has not. You want someone experienced working for you.
3. Who is your lender?
Ask the agent if they have closed any short sales with your lender. Every lender handles short sales a little bit differently. If your lender is an ABC Lender and the agent has experience with ABC Lender, then they already know the process. Your agent will be prepared because they are familiar with that lenders’ process.
4. How do they negotiate their short sales?
They may do the follow up themselves. Or, they may hire a competent title company or loss mitigation company to do it for them. Either way is fine. Just make sure the person handling your file is suited for the job. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at bivey@EnterpriseRealtors.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (901) 857-3888
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Arlington loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
This post was written by
Bill Ivey – who has written 85 posts on Enterprise Realtors Blog.
Bill Ivey, Certified Distressed Property Expert Broker/Owner, Enterprise Companies (901/857-3888) If you know anyone who is behind or about to be behind on their mortgage and doesn't know what to do, please have them call me immediately! I can help them avoid foreclosure.
Article source: http://arlingtonshortsaleblog.com/2011/10/how-do-i-find-a-realtor-that-specializes-in-short-sales/
Tags: arlington, foreclosure, Questions to ask a Realtor, Realtor who specializes in short sales, short sale