Common Short Sale Mistakes and How To Avoid Them Part One

Roseville CA – Here are common short sale mistakes we often see people make.

Common Short Sale Mistake #1: Not ordering a title search before negotiating the short sale.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

Many people do all the work of negotiating a short sale payoff, only to find out that the property has liens or second mortgages. Many different things can attach to a property, including homeowner’s association fees, judgments, tax liens, levies, etc.

Make sure your agent orders a title search when your house is first put up for sale. That way everything can be factored in up front.

Common Short Sale Mistake #2: Unrealistic Pricing. Because of the threat of a pending foreclosure, short sales need to be done as quickly as possible.

If you price a property more expensively than similar homes, then buyers won’t be interested. As a result the home won’t sell and risks being foreclosed upon.

On the other hand avoid a low asking price. If the short sale offers are too low, they will be rejected by the lender.

I recommend finding the fair market value and listing the house at that price. Price adjustments can be considered on a regular basis from there.

Common Short Sale Mistake #3: Not using photos of the inside and outside of the home in marketing. Most buyers start their home search online. They browse lots of different websites looking for the one that works for them.

If a buyer likes the pictures of your home, then they will schedule a showing. But, if there are no pictures, then it is unlikely they will ever look at it. With all the homes for sale, they have lots of homes with pictures to choose from.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at mdpeek@gmail.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 916-580-6084.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Roseville Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Mark Peek.

Mark is a Real Estate Agent at Keller Williams Realty.

Phone: 916-580-6084. mdpeek@gmail.com.

“Know Your Options”

View My homes for sale at www.CallPeek.com.

Mark Peek specializes in loan modification assistance and short sales in Roseville CA. Roseville Loan Modification Help, Roseville Short Sales. Roseville Short Sale Realtor. Short Sale Realtor. Roseville CA Short Sales. Roseville Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Peek’s personal views and do not reflect the views of Keller Williams Realty. This information on Common Short Sale Mistakes and How To Avoid Them is provided as a courtesy to our viewers to help them make informed decisions.