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Answers (7)
- Linda Strasberg, "L Strasberg"
- Contributions:2316
Be sure the proper verbiage is included in your offer when submitting it to your lender...contact a Realtor who is experienced handling short sales.
- Sandi Margolis, "BeverlyHillsRealtor"
- Contributions:15
Hello,
Sorry to hear about your situation but it is all too common
these days. Your best bet is to find a real estate agent
who has had experience in dealing with short sales.
First contact your bank letting them know of the situation
and then contact a real estate agent. The short sale process
is quite time consuming but can be done. You must have
patience, perseverence and persistence. (I call it the 3 "P's").
If you would like assistance in this process, please let me know.
All the best,
Sandi
Sorry to hear about your situation but it is all too common
these days. Your best bet is to find a real estate agent
who has had experience in dealing with short sales.
First contact your bank letting them know of the situation
and then contact a real estate agent. The short sale process
is quite time consuming but can be done. You must have
patience, perseverence and persistence. (I call it the 3 "P's").
If you would like assistance in this process, please let me know.
All the best,
Sandi
- nealadler
- Contributions:199
Find an agent that knows how to deal with short sales. They can be time consuming and frustrating. I have a short sale listing and had been getting the run around until I contacted the CEO's office of the bank. That's when I started getting results. Be proactive and find an agent that is knowledgeable, experienced, and can get the bank to do what's needed.
- NJRealEstate101
- Contributions:51
Let me know if you need assistance... I currently am working 6 short sale transactions and have a lot of experience. I have a great team around me. Good Luck
- Daniel Bretzke, "Bretzke"
- Contributions:303
Make your house attractive for someone who would like to buy it. Contact an agent who is experienced in your neighborhood. Contact your banker to find if they have a department who can review your situation. You will need to provide financial information to the bank for a successful short sale transaction .
- wetdawgs
- Contributions:26854
You need to communicate with both an agent who is skilled/experienced in short sales as well as your lender. Do not chose just any agent, investigate thoroughly their short sale experience.
The phrase "at full market value it will not sell" confuses me. Market value is the price the market will bear, therefore, the price at which it will sell. Perhaps you are thinking it will not sell at the value you owe?
The phrase "at full market value it will not sell" confuses me. Market value is the price the market will bear, therefore, the price at which it will sell. Perhaps you are thinking it will not sell at the value you owe?
- CSG Anthony
- Contributions:44
Have your listing agent price it at a price that will sell. They should look for recent comparables and determine a price that will allow it to get an offer quickly. Just remember that any offer would need approval from all lien holders before you can close.
If you don't have an agent, find one that is very familiar with the short sale process. Many agents will take a listing just for the listing, but have no idea what to do with a short sale. Many also end up listing the home at a high price causing it to sit there for several months without an offer. That is valuable time that is lost. You want this process to start as quickly as possible in order to minimize further damage to your credit report. You might even want to look into dealing with an investor. They get the process rolling quickly with the lender and many, if not most, will purchase the home with cash.
Hope that helped!
Anthony
If you don't have an agent, find one that is very familiar with the short sale process. Many agents will take a listing just for the listing, but have no idea what to do with a short sale. Many also end up listing the home at a high price causing it to sit there for several months without an offer. That is valuable time that is lost. You want this process to start as quickly as possible in order to minimize further damage to your credit report. You might even want to look into dealing with an investor. They get the process rolling quickly with the lender and many, if not most, will purchase the home with cash.
Hope that helped!
Anthony
how do we go about doing a short sale..i am two months behind and already modified..how do we list
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