There are numerous reasons why it is essential to select the best short sale realtor when selling your house. If you choose a novice short sale realtor; you may end up losing a lot of cash your creditor was going to give you because the realtor that was working on your behalf did not do his or her job well.
Furthermore, a lot of paperwork is involved during sales processes and missing or failing to follow the right protocol on one of the paperwork can lead to several months of delayed sales.
Routine real estate transaction is different from the short sale; the former involves the buyer and the seller, whereas the latter includes three parties, the lender, the property buyer, and the seller. That is the exact reason why short sales procedure are a bit complicated than the routine real estate.
So, hiring an experienced short sale agent to negotiate on your behalf is vital. Here are few facts that you need to consider when choosing a short sale agent to represent you during your short sale real estate transactions.
The first consideration that you need to look at is the experience of the realtor that you are about to hire. Your potential agent needs to have worked in the industry for more than ten years to gain substantive expertise about the sector’s dynamics. In addition to the years of experience, you need to determine if the realtor in question has skills to deal with the complicated short sale transaction. The short sale realtor needs to have completed at least five short sale transactions without an issue.
You need to avoid hiring a realtor who works on the part-time basis. You need to hire someone you will be comfortable working with. Sometimes you need to hire someone who can sell your property without having to advertise it. It is worthwhile to give your business a little privacy as you do not want people to know about your financial hardships.
You need to pick a short sale agent that has appealing character and is happy to sacrifices whatever is within his means for you. You know you have to work with your realtor for some time. You also need to look forward to forging a healthy relationship with your realtor for the ultimate experience.
You also need to ask him whether he can give you the assurance that you need when it comes to getting the revenue that you want. A good short sale realtor should pay you off the amount that you need just in case he was not able to agree on terms of payment with the lender.
You need to look for a short sale agent that will be happy to help you find a place for you and your family. Your credit must be down due to your financial hardships. Your short sale record will not alleviate your economic quagmire. That makes it hard for you to qualify for a rental property. Therefore, you want a short sale agent that will also negotiate on your behalf when it comes to finding a place where you can put up in the meantime.
You should pick a realtor that has skills to negotiate with your lender on ways to modify your loan as well.