There are several reasons why it is critical that you choose the best short sale real estate agent whenever you are giving out your property or buying one. 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.
Moreover, short sale processes entails a lot of paperwork and making a mistake or missing out in any of them may delay the whole process for months.
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. 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. Apart from the experience, it essential that look at his skills when it comes to short sale transactions. 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 vital that you pick someone whom you can with comfortably. 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 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 also need to look forward to forging a healthy relationship with your realtor for the ultimate experience.
Also, you need to ask him if he offers guarantee to get you what you deserve from your property. A professional realtor should be able to take the risk of paying you if they cannot broker a deal with the creditor.
You also need to hire a realtor who will assist you to get another place for you. 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. Therefore, you may not be able to meet the requirement of renting a property. Therefore, you want a short sale agent that will also negotiate on your behalf when it comes to finding a place where you can put up in the meantime.
You will also have to hire someone who knows about loan modification as well.