I recently talked to a homeowner in
foreclosure. She had heard of the short sale option. But, someone had
told her that short sales are tough.
They told her, “Banks never accept
short sale offers. You are wasting your time if you try one.” As a result, she
never researched her options and lost her home to foreclosure.
Many agents close short sales day in
and day out. Short Sales are a specialized
endeavor. They are much more complicated than your average real estate
transaction.
The closest comparison I can think
of is learning to ride a bike. Remember the first time you tried to ride a bike
and you crashed and fell off?
You felt like you would never be
able to ride a bike. Maybe you told your mother, “I’m just not as smart as
Timmy. He knows how to ride a bike.” But, then you try it again.
This time you make it a few feet
before crashing. By the end of the day you are riding your bike around. Turns
out Timmy wasn’t so smart after all. Short sales are like that.
The first one is very frustrating.
You find yourself saying, “I just don’t know what these banks want. This is
crazy.” But, the next few are a lot easier. Soon you understand the process.
And you realize that short sales are
just like anything else in life. Once you figure out how the system works, then
it becomes easy.
You learn what words like BPO, FHA,
VA, Fannie Mae, Freddie Mac, deficiency, servicer, sliced and diced, and
delegated mean. Soon you are negotiating short sales with confidence.
Are you are looking to short sell
your house? Experience and persistence are the keys to short sale success.
Experience because you have learned what to do.
Persistence to keep on going when
others would quit. Not all short sale offers get approved the first time. After
that first offer gets turned down, you now know what the lender wants.
This makes it easy to get the next
short sale offer accepted. Thinking about a short sale?
I can help you short sale your
property and get back on your feet. Send me an e-mail at tom.mack@exprealty.com.
I will contact you for a free consultation.
When we talk, I will explain how the
process works in detail and answer any questions you may have. Or, if you
prefer, you can call me at 407-359-2220
Discover how other sellers
successfully completed a short sale and request a free consultation by clicking here.
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