If you have already decided on a Florida short sale as the solution to your mortgage problems, you would certainly want help in the form of an experienced and professional Realtor. If you fail to hire someone who knows what he or she is doing, then you can say goodbye to your credit score and hello to foreclosure.
Picking the wrong Florida short sale Realtor can actually mean the difference of being able to get out of this mess with few scratches and suffering through the horror of having to go through a foreclosure. It is important you work with an agent who understands the short sale process and also has the experience to handle the problems which usually arise. Consider the following examples of what could go wrong if you made a mistake with your choice.
Multiple, Unsigned Offers – One of the biggest mistakes an inexperienced Realtor can make is to send your lender multiple, unsigned short sale proposals or offers. You have to understand that you are still the owner and have the right to decide about everything pertaining to the home sale. For instance, you get to decide which buyer you will go with and make sure the proposal you submit to the lender has your approval
Weak Short Sale Proposal – An inexperienced short sale Realtor will prepare a proposal and convince you it would be accepted when in reality, the offer is too low and has no chance of getting approved by the lender. An example of this mistake would involve your Realtor accepting a buyer offer of $300,000 (for a home worth close to $500,000) when there is another buyer offering $400,000, just because the first buyer made the offer days before the second buyer. In the first place, the Realtor should have realized that the $300,000 offer will be flat out rejected by the lender and should have waited for more offers.
These are just of the things an inexperienced Florida short sale could do, which could harm your chances of selling your home and paying off your mortgage debt. To be sure, ask your Realtor about his short sale track record.
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