Most people realize the necessity of hiring a real estate agent to sell a home, but they often take an entirely different approach and opt to go it alone when it comes to buying. But what do buyers need to know when it comes to navigating today’s real estate market - particularly with the increased number of short sale properties?
Before you venture into the home buying process, particularly if you are considering a short sale property as an option, take time to consider the benefits derived from working with a knowledgeable real estate agent. The following are some things to think about:
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Advanced Listings
The short-sale market has heated up and so has the competition....
With a real estate agent assisting you, who specializes in short sales, you should be able to get advanced listings sent to your attention as soon as they hit the market.
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Experience Is Key
Buying a short sale is often NOT simple, so working with a real estate agent with a track record of success can go a long way toward making sure all the requirements are satisfied. And, a real estate agent with experience in short sales may be able to help expedite your transaction and protect your interests.
Every bank has their own internal way of handling short sale properties; but there are some very fundamental elements to the short sale process which are consistant regardless of the mortgage company. And, working with a real estate agent who has the experience - and, has taken time to educate themselves in the fundamentals of short sales will help lessen your aggrevation and set realistic expectations.
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Seek Help
Buying a short sale takes a lot of time, but when you team up with an agent who knows and understands your individual situation it will dramatically reduce the effort required to find the perfect property.
Your real estate agent can assist you in locating a property, researching it and dealing with the numerous requirements required to close is time consuming and frustrating.
Team up with a real estate agent who knows the ropes.
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