There are several reasons why it is critical that you choose the best short sale real estate agent whenever you are giving out your property or buying one. Picking the unskillful short sale realtor can be lead you to forfeit a reasonable sum of money your creditor was willing to offer since your realtor working on your behalf did not negotiate well.
Moreover, short sale processes entails a lot of paperwork and making a mistake or missing out in any of them may delay the whole process for months.
What is more, unlike the routine real estate transaction that typically involves only two parties, the buyer, and the seller, short sale has three sides, the buyer, the seller and the lender. That is the exact reason why short sales procedure are a bit complicated than the routine real estate.
Therefore, selecting the best short sale realtor is fundamentally converting. 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. 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. He or she must have done not less than five short sale transactions successfully.
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. From time to time, you might feel that your realtor should be able to sell your property without having to install an advert sign near your home. 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 will need to enjoy the whole experience.
Also, you need to ask him if he offers guarantee to get you what you deserve from your property. 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. You must be having a damaged credit due to your recent financial crisis. Your short sale record will not alleviate your economic quagmire. That makes it hard for you to qualify for a rental property. This is the reason why it is fundamental picking a realtor that will sort you out in such a case.
Your short sale agent should have experience when it comes to loan modification.