Seattle and Tacoma,WA –Hi! This is Nathan Olotoa with 59days2sold.com and www.seattleshortsalesagent.com and I specialize in short sales in the Tacoma and Seattle areas.
– This is a continuation of a former article about short sales. We often get asked if a short sale is even worth the effort.
“Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.”
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Short sales are worth the extra effort. They enable you to buy another home much faster than you would have to wait if you experience a foreclosure.
And they cost you nothing. All the costs are covered by your lender. Now, I’m sure you’re thinking, “I might have to pay my agent to sell the house. that sounds risky.”
that is a legitimate concern. Here is why the lenders are willing to pay your agent. If they foreclose on the home, they will have to hire an agent to sell it.
So why not just pay the short sale agent. Extensive studies have been done on the advantages of a short sale versus a foreclosure.
The study results showed that a lender will make more on a short sale than a foreclosure. Oftentimes the difference is huge.
I have seen some lenders lose hundreds of thousands of dollars. They turned down a short sale thinking the home would sell for more as a foreclosure.
The home ended up selling for much less. That is why lenders like short sales and are willing to pay all of the costs. 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 asknate@kw.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 253-310-1177
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our 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, Nathan Olotoa.
Nathan is a Real Estate Broker at Keller Williams-Tacoma. Short Sales Realtor
Phone: 253-310-1177. asknate@kw.com
Listed to Sold in 59 days or less
View Tacoma and Seattle homes for sale at 59days2sold.com. View my previous blog posts at www.seattleshortsalesagent.com.
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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 Nathan Olotoa's personal views and do not reflect the views of Keller Williams-Tacoma.
This information on Short Sales: Why Should I Short Sale? It Costs You Nothing is provided as a courtesy to our viewers to help them make informed decisions.
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