Thornton Colorado Short Sales

There are many home currently available in Thornton CO as short sales and that number will probably be increasing throughout the year if the forecast from RealtyTrac is correct.  If you are a home owner contemplating a short sale or even a foreclosure or strategic default of your home, there are a number of factors you need to consider with a short sale vs foreclosure.  Besides the usual tax and credit implications you will need to select an experienced short sale broker in your area.

Damaging trend for homeowners doing short sales!

One of the most disturbing and damaging trends to a home seller that I've seen recently involves the short sale listing broker mandating a buyer paid fee (or addtional commission) on the HUD that goes directly to the short sale listing broker.  While the home seller may believe that since they are not paying this fee they are not being damaged, the reality is that most real estate broker WILL NOT recommend to their buyers that they even look at or make any offer on a home that will cause them to incur additional out or pocket costs just to pay the listing broker additional commission! 

If your opinion of real estate brokers is not that good to start with, then think about it from the buyer's agent perpective.  No buyer's agent is going to suggest to their buyers that they pay additional commission to a listing broker without the additional commission at LEAST being split between the brokers.  While suggesting additional commission being paid to both brokers is, in my opinion, highly unethical and sleazy, an agent representing the buyer will certainly not suggest it be paid only to a listing broker!

In this way, any homeowner who utilizes a short sale listing broker who is advocating this strategy  for whatever reason, is truly being damaged because their home is less likely to be viewed or sold.  Hopefully, the few real estate agents that are endorsing or using this practice will cease doing so quickly.

Familiar with Thornton Colorado Short Sales

Any broker that you choose to interview for executing a short sale on your Thornton home needs to be familiar with the Thornton Colorado Homes for sale, short selling procedures, and hopefully will be utilizing a third party experienced short sale coordinator.  Additionally, the short sale broker will have the other necessary home selling resources available to them such as:  professional photographers, showing services that operate 7 days a week, and substantial and demonstrated internet marketing ability.

With the above mentioned resources, experience and an intelligent and ethical real estate broker, the chances of a successful completion of a short sale in Thornton Colorado are very good.