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Some short sale listing agents are soooo much better than others

Reblogger Dawn Workman
Real Estate Agent with Veracity Real Estate Group, LLC

Cheryl Worthington in Arizona is the best short sale agent I know. Here is great information on how to be a good short sale agent. 

Original content by Pacita Dimacali BRE 01367196

Just because an agent has completed a few short sale listings doesn't necessarily make him a good one.

That's why it's so refreshing and so wonderful to run across a short sale listing agent who know what he's doing.

I submitted an offer on behalf of my client on a short sale listing that turnedto be competitive. What made this listing agent special?

WINNING STRATEGY!

  • He provided clear information --- there are two loans, and it's by Wells Fargo. So immediately, we knew what to expect
  • He priced the properly realistically --- he knew thearea, knew the comps. He didn't didn't price it artficially low just to create demand. Why waste time on low ball offers?
  • He set the stage, knew what to expect from Wells Fargo, and what % the second lien holder may want as pay-off. As such, he prequalified the buyers by asking the agents if their buyers would be willing to "contribute" towards paying off the second lien holder out of escrow.
  • He communicated directly with the agents --- responded in a timely manner, talked on the phone, and not merely via email.
  • He reassured the agents that knows what he's doing by letting us know what his and his sellers' strategy is when selecting the winning offer. For example, he doesn't send ALL the offers to the lenders, but rather, he discusses the pros and cons of each offer with the sellers, and sellects the best and highest offer
  • He took the position that it's YOU and US, and that we're looking for a WIN-WIN scenario.

So for all you short sale listing agents who strive and continue to excel, BRAVO. When you excel, you set the standards that make all of us bring our top and best game.

Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Thanks for re-posting this, I missed it earlier and like the good info. 

Dec 27, 2009 05:02 PM
Susan Brown
Keller Williams NE, Kingwood Texas (Humble & Atascocita too) - Kingwood, TX

Dawn, Great post to reblog.  I'd missed it the first time around too.  And having someone like that on the other end of a short sale would be great!

Dec 27, 2009 05:09 PM
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

As an agent who has been involved in short sales, I agree that communication with the parties involved is critical.  It's our job to keep the buyer interested in the property, and the seller involved and willing to take the necessary steps, and for the buyer's agent to know that things are happening.  It's complicated.

Dec 27, 2009 10:16 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the reblog. Dealing with a good listing agent experienced in short sales makes it easy.

Dec 28, 2009 09:24 PM