What You Need to Be Aware of When Hiring a Short Sale Realtors
What you need to be aware of before you hire a Realtor to handle your Short Sale transaction.
If you are going to be buying or selling real estate I hope you earn your business and will work hard to do just. If for some reason you hire another agent that you feel is better suited for the job of selling your home I hope the best for you.
I’m here to say there are good people out there trying to help homeowners avoid foreclosure. On the other hand I am constantly hearing of families being taken advantage of when they are the at there absolute most vulnerable position. I hope this list will assist you in making a great decision before hiring your Realtor
What you need to be aware and Question you need to ask before hiring a Realtor.
- Stay away for any individuals or companies that are wanting to charge upfront fee’s. When doing a short sale all of the fee’s are covered by you lender when the sale of the property closes. My services to you will always be free!
- The Short sale process is complicated and requires the a great deal of experience when dealing with your banks. I recommend staying away from anyone that doesn’t have at least 20 closed transactions and can show you proof!
- Short Sale negotiation can only be done legally in California by someone that has a Real Estate License.
- If you happen to come across a Realtor that doesn’t have the experience in negotiating short sales then chances are they don’t have the contacts at the bank to get you the approval letter you deserve. Which will turn into a long drawn out process where most people end up losing there property to foreclosure.
- Make sure that which ever agent you choose will be the same person following up with you weekly navigating the process the whole time. Many times people get passed off to an assistant never to talk to the person you hired in the beginning.
- Never let a 3rd party negotiate your short sale. (Short sale negotiation company) they don’t care about you or your problems. When I’m helping you my name and reputation is on the line. It’s my job to make sure you get the best outcome. Most of these companies your just a number.
- The companies also charge fee’s for there services to negotiate on your behalf. if the banks don’t agree to pay the fee’s then your short sale make get lost or set aside. Many times agents have to lower there commissions. If the agents don’t agree then you may be in jeopardy of losing the house to foreclosure. If you hire me then you have nothing to worry about….I get paid by the bank to help families in need. I will never ask you for money.
- Investors…..I get at least a call a week from an investors that want to buy my short sales. Theay want to submit an all cash offer and negotiate the short sale themselves. They are looking out for there own options not your! They want to buy your house at a huge discount and resale if for a profit…which your not a part of…
- Investor are only looking out for there best interest. If they can’t purchase your property at there price they walk away and you may not have enough time to find a replacement buyer. Its a numbers game for investors. My goal is to close 100% of my short sales, Investor may take 5 short sales and only close 1. I don’t play those games. I try to sell properties for fair market value on the multiple listing service.
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