How Can I Locate a Sale Specialist?

In a short sale, homeowners sell their residences for less than what they owe on their mortgage loans. It’s one means for owners to sell a house quickly. Some owners may resort to a short sale if they’re struggling to pay their mortgage bills each month; it’s a means for them to prevent losing their home to foreclosure. Selling a house by short sale is a complicated matter. Mortgage lenders need to give their approval. That’s why it’s best to use a real estate agent with experience from the short sale procedure.

Find a real estate agent that specializes in short sales in the San Francisco region. The National Association of Realtors, the trade organization representing real estate agents, offers a course on short sales to its associates. Agents who pass on the course earn the SFR designation, which stands for Short Sales and Foreclosure Resource. These agents have studied the abilities needed to handle short sales. By logging into the Web site of the National Association of Realtors, you can search for agents with the SFR designation by utilizing the”Find Realtor” tab.

Call the local agents you find who specialize in short sales. Request these agents how many short sales they have handled in the last year. Ask, too, just how many times their typical short sale spent on the market and just how close to asking price that the broker typically nabbed on those sales.

Request agents for their approach on setting the right price for a short sale. Price is key for such a purchase. You want your short sale priced low enough to attract fantastic offers but not so low that you simply turn off dollars that you could have had. Most agents rely on comparable sales–the costs that similar homes in the region have sold for–to place their initial asking prices on short sales.

Ask a list of previous clients who completed short sales with the agents you are interviewing. Call these clients and ask them when they were happy with the service they have received. Ask, too, how long it took agents to sell their residences by short sale. Request these references when they sold their house at a price near their initial asking price.

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