Friday, October 16, 2009

Short Sales – Should Only Be Listed By An Experienced Realtor®

Short Sales – Should Only Be Listed By Experienced Realtor®

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  1. Find out why most Real Estate agents do not have the skill set or team in place to get a short sale done.
  2. In a well negotiated short sale the lender pays for the Realtor fees and the lender may absorb delinquent property taxes.  But, what about HOAs? 
  3. If your Real Estate agent does not have someone in their office calling the lenders in a proactive manner your odds of success go down dramatically. Most realtors do not even have their own office. Short Sale negotiations are not for amateurs or part timers.  
  4. Without experience negotiating short sales, how is your Realtor going to know when and how to counter an offer from a buyer, so that you are protected from the buyer and the lender?
  5. Without experience, how is your Realtor going to know how to stack their short sale package so that it has the best shot at getting through the lenders screens?
  6. Countrywide claims they get 100,000 faxes a day, Chase claims they get 1500 new short sale offers a day. Bank of America is getting overwhelmed. If your agent doesn’t  have the experience,  how do you know your offer will not sit on the bottom pile?  All the while the foreclosure countdown is ticking away.
  7. We know how to get short sales done.
  8. Find out why so many Realtors do not know how to price a short sale listing.
  9. In short you need Realtor and an experienced short sale negotiator to make sure you have the proper legal Releases.
  10. Does your Realtor have the experience to know when and how to push the lender for better short sale terms?  Did you know that many lenders are asking the sellers to contribute 10% or more of the deficiency to the closing? And some of the lenders releases do not release the seller from liability for the remaining loan balance?
  11. Does your Realtor know how to sell homes in a down market?
  12. Does your Realtor know what to do when the lender agrees to so a short sale on their terms, not yours?

If you have any questions or concerns, feel free to contact me.

Sincerely,

Barbara Whisenant

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A Division of Richard Realty Groups, Inc 5411 Avenida Encinas, Suite 110, Carlsbad, CA. 92008 Cell: (760) 583-2107    eFax: (760) 496-1649   DRE# 01357594

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