There are numerous reasons why it is essential to select the best short sale realtor when selling your house. Selecting the wrong or inexperienced short sale realtor can lead to massive losses even when your creditor is willing to pay you off just because your realtor has to negotiate skillfully instead of you so that you can get what you deserve.
In addition to losing a lot of revenue, short sales procedures involve a lot of documentation, and missing out any document or making a mistake in any of those records may translate to months of a delayed process.
Unlike the standard real estate transaction where two principals, the buyer, and the seller, are involved, the short sales involve three principals; the creditor, the buyer and the seller of the property. This processes make the short sale more complicated as compared to the regular real estate processes.
So, choosing the right short sale realtor to represent you is essential. Here are tips that will help you avoid making horrible mistakes when picking your short sale realtor.
The first consideration that you need to look at is the experience of the realtor that you are about to hire. The short sale agent you are looking at should have at least ten years of experience in the real estate brokering agencies. Apart from the experience, it essential that look at his skills when it comes to short sale transactions. The short sale realtor needs to have completed at least five short sale transactions without an issue.
It is crucial that you employ short sale agents that work full time. 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. You do not have to let your neighbors know about your financial crisis.
You also need to choose a realtor with a pleasing character who is willing to sacrifice anything for you. You will be working with this realtor for some time. You need to obtain all that is there out of your efforts.
You also have to ask for a guarantee from your realtor. A specialized short sale agent should be able to compensate you any amount that he can’t get from the creditor.
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. Short sale records will not salvage your credit score. That makes it hard for you to qualify for a rental property. That is why you need a good short sale agent to negotiate on your behalf.
You should pick a realtor that has skills to negotiate with your lender on ways to modify your loan as well.