You may have a close friend or relative in real estate, but if that person doesn’t know anything about short sales, working with him or her may hurt your chances of a successful closing. A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and smooth communications with the lender.
Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional who specializes in short sales. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won’t try to take advantage of your situation or pressure you to do something that isn’t in your best interest. Our agents have gone a step further, and obtained advanced training and education leading to their Short Sale and Foreclosure Resource (SFR) certification. The combination of experience, education and a successful track record is what sets the Westside Short Sale apart from the competition.
Our agents at the Westside Short Sale team will:
- Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
- Help you set an appropriate listing price for your home, market the home, and get it sold.
- Put special language in the MLS that indicates your home is a short sale and that lender approval
is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
- Ease the process of working with your lender or lenders.
- Negotiate the contract with the buyers.
- Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.
The first step in the process is to complete our brief Short Sale Pre-Qualification questionnaire. Our team will evaluate your information to determine whether or not you are a candidate for a short sale.