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.
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.
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. This is why the short sale processes are far more complicated than the typical real estate procedures.
Therefore, selecting the best short sale realtor is fundamentally converting. 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.
Most importantly, the qualification that your short sale agent should have has to do with the unmatched experience. The short sale agent you are looking at should have at least ten years of experience in the real estate brokering agencies. If the realtor is still thriving on these assignments, then you need to gauge his ability to deal with the short sale transaction. The realtor you are considering ought to have transacted more than five short sale deals successfully.
You also need to avoid hiring a part-time realtor. It is vital that you pick someone whom you can with comfortably. 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 need to pick a short sale agent that has appealing character and is happy to sacrifices whatever is within his means for you. You will be working with your short sale agent for an extended period. You will need to enjoy the whole experience.
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 score must have been poor since you have been through severe economic problems. Your short sale record will not alleviate your economic quagmire. 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 will also have to hire someone who knows about loan modification as well.