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Answers (9)
- Rita Flood, "ritaflood"
- Contributions:1
Not true. I am a facilitator (processor) check out my website pathwayservicing.com ( I am a former escrow officer of 21 plus years) I have been doing this for a long time and I am worth the money) Even if you know what you are doing, how you would have the time is beyond me. I spend my entire day on the phone with the banks. I don't know how agents are surviving if they have to do this themselves.
- Dean Eshelman, "Money Changer"
- Contributions:29
In this market you need to learn how to be a short sale expert or don't do short sales at all. If you take a shot gun approach you won't close. Become a CDPE. cdpe.com or select an agent from the web site that is and treat it as a referral.Your client will thank you.
- Tim Cook, "REIMaster"
- Contributions:50
I have and would be happy to speak with you. Please call or visit us on linie at [content removed by moderator due to self-promotion]
- Karin Zeigler, "karinzeigler"
- Contributions:117
I have used a Facilitator for my first Short Sale. The issue I had was I did not get enough information on the status of the sale. I did not do the negotiation with the banks - the facilitator did. I decided to get educated and do them myself.
- Ron Scott, GRI, "RonScottRealtor"
- Contributions:192
short answer...no
- Ann Gillespie, "Ann J. Gillespie"
- Contributions:41
I acutually enjoy short sales. It saves the seller from going through forclosure and the buyer gets a good deal. Usually less than what he would pay on a regular home. Most of the time the buyer will get closing costs or a reduced sales price due to the long wait to buy. It gets the bank more money for the property than they would get going through forclosure. So it is a win for all parties.
- Kenny Wagner, "kennywagner"
- Contributions:10
I think using a short sale facilitator would be good if you don't have the time or inclination to learn how to facilitate the short sale.
A short sale facilitator would be beneficial as any other assistant or service provider that agents usually work with would be. i.e. transaction coordinator, marketing specialist/manager, listing specialist, contract negotiator, buyers agent etc.
So with that said, I personally would first learn what makes a good short sale facilitator or any other service provider by doing it myself first and then outsourcing it but with micro-managing of that duty until I felt comfortable to let go and check in less frequently.
In regards to pricing, fortunately there are lots of these service providers today that you can shop and get a list of what their services/duties or responsibilities include. So it comes down to what you feel is comfortable paying in relation to the service they provide and how much it allows you to build your business...i.e. get new listings etc. You need to ask yourself - What's the ROI should I hire this type of service or person?
A short sale facilitator would be beneficial as any other assistant or service provider that agents usually work with would be. i.e. transaction coordinator, marketing specialist/manager, listing specialist, contract negotiator, buyers agent etc.
So with that said, I personally would first learn what makes a good short sale facilitator or any other service provider by doing it myself first and then outsourcing it but with micro-managing of that duty until I felt comfortable to let go and check in less frequently.
In regards to pricing, fortunately there are lots of these service providers today that you can shop and get a list of what their services/duties or responsibilities include. So it comes down to what you feel is comfortable paying in relation to the service they provide and how much it allows you to build your business...i.e. get new listings etc. You need to ask yourself - What's the ROI should I hire this type of service or person?
- nealadler
- Contributions:199
I'm not sure about fraud. However, paying these 'facilitators' maybe problematic depending on your state licensing laws. I've been a real estate professional for 16 years, have listed numerous REO properties, and have completed about 1200 BPOs in the last 2 1/2 years. I don't think I need to use a facilitator. Be wary of these 'investors' that buy the property at the short sale and have you become the listing agent in the same transaction to resell it to someone else.
- Louis Wolfson, "Louis Wolfson"
- Contributions:173
Mike,
You would need a agent to help you sell as most lenders want to know that the property has been properly exposed to the market to get the highest and best price. Many agents today have become experts in the process and know what to expect from the bank. the cost would be part of the transaction.
Louis
You would need a agent to help you sell as most lenders want to know that the property has been properly exposed to the market to get the highest and best price. Many agents today have become experts in the process and know what to expect from the bank. the cost would be part of the transaction.
Louis
Has anyone used a short sale facilitator and had a great experience?
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- 0.0/5.0
- (no reviews)
Contributions:34Any fraud problems? Worth the money even if you represent the buyer?
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