1. Prepare house for showing.
2. Sign listing agreement with real estate agent.
3. Work with agent to utilize an aggressive pricing strategy.
4. Show house in usual manner.
5. Sign strong contract offer.
6. Prepare Short Sale Package for submission to lender
7. Let your agent follow up with lender on regular basis.
8. Obtain written approval from lender.
9. Close on sale of house.
10. Start over with clean ‘financial’ bill of health.
More Short Sale Success Quick Notes!
1 Important Reason Why Short Sales Aren’t Easy
2 Important Reasons to Consider a Short Sale
3 Criteria to Qualify for a Short Sale
5 Benefits of a Short Sale
4 Considerations for Your Lender to Approve the Short Sale
10 Steps to a Successful Short Sale
9 Agent Services from Start to Finish
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JUDY CHAPMAN | Live the life you dream
Residential Sales ∙ Luxury Sales ∙ Short Sales
Koenig & Strey | 1925 Cherry Lane | Northbrook, IL 60062
Judy@ChgoNorthShore.com | Office: 847.749.3811
Up until a year ago, I sold real estate in Orlando FL, explaining why you’ll see many, many posts related to the Orlando real estate market. Now I’m back in ‘Sweet Home Chicago’, selling real estate in the North Shore and West of North Shore Suburbs.
If you’re interested in relocating to Florida, contact me for recommendations of some very fine Realtors® all over the state. I can also refer you to some of the hardest working Short Sale real estate agents throughout the country.
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Nicely put, however, sellers should be aware of all the work that goes into the short sale by the agent, all the faxing, re-faxing and re-faxing and re-faxing. (Why can't they use e-mail?) Plus the time on the phone waiting for correct loan negotiator who always is on vacation. Hmmm...I only do short sales if I can be fairly certain that the seller is motivated, see Broker Bryant's blog on this issue, and that the sale can be negotiated out and we can bring the listing to a closing. Otherwise, I'm happy to pass it to another agent who will use it only to get buyers for other listings.