7 Short Sale facts you may not be aware of

    Approved short sale and 7 thingsWhen it comes to the listing, negotiation and selling of short sales, some agents do it well and others are horrible.

    View the Short Sale Listings!

    1.  Sometimes, agents too busy and start farming out their short sales to another third party, and pay them a portion of the commission to be earned.

    2.  Sometimes those agents, the agent you hired, loses touch with the “negotiation company” they hired to help get your short sale completed.

    3.  There are also times when a Real Estate agent will price a short sale, strangely lower, in comparison to Fair Market Value.

    4.  We all know that you must first have an offer in hand, in most cases, before the short sale negotiation is able to get started.

    5.  However, the banks may come back at a much higher price than what your agent used for the marketing purposes and listing agreement.

    6.  This will cause buyers a problem, especially if they wrote their offer at their highest qualification amount!

    7.  Those buyers are going to have to step down from being able to buy this specific short sale unless they have a coffee can full of money buried in their backyard.

    If they have the coffee can buried – then there are “seasoning” requirements too 🙂

    With short sales – there are some many important things that should be explained to you as a short sale seller or buyer.

    That is why our crash course on real estate is so important.

    Like we tell those with whom we speak with about attending our Real estate training, “It does not matter if you want to buy now or a year from now – We will prepare you for the journey!”

    If you are considering short selling your home. Selling it for less than what you owe, call me so I can cover all the bases with you regarding taking that step!

    Trackback from your site.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)