There is every reason why you should consider picking the most experienced short sale real estate agent when it comes to buying or selling property. 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.
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. That is the exact reason why short sales procedure are a bit complicated than the routine real estate.
So, choosing the right short sale realtor to represent you is essential. 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.
One of the primary qualities that you need to find out from a short sale agent you are interviewing is their experience that they have gained from the real estate industry. 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. It is essential that you select someone that you can work with efficiently. At times, you might want to work with an individual who can sell your property successfully without doing open marketing strategies. 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 know you have to work with your realtor for some time. You will need to enjoy the whole experience.
You also have to ask for a guarantee from your realtor. A professional realtor should be able to take the risk of paying you if they cannot broker a deal with 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.