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Should Buyers hire a Short Sale Listing Agent?

By
Real Estate Agent with Ann Adams & Associates Realty BR544176000
Many home buyers, in their quest to find an agent they can trust, automatically turn to friends/family/coworkers for a referral to a real estate agent. Trust is a very important factor to a home buyer. Other factors that buyers sometimes gloss over, are:
Is the agent experienced? Is the agent a neighborhood specialist? Does the agent possess specialized knowledge or has the agent received training for specific types of transactions?
Buyers should hire an experienced real estate agent. Given a choice between brand new and eager or experienced and solid, I’ll take the experienced and solid agent every day.
However, when it comes to hiring an agent to help a buyer buy a short sale, the bar goes up. That’s because there are too many things that can go wrong in a short sale. The person best equipped to handle a short sale buyer is an agent who understands the listing side of the short sale transaction, and that person may very well be a short sale listing agent.
 
Ann Adams & Associates Realty, with great success rate, tremendous experience and track record in short sales can serve you well as your listing agent in Tempe, Chandler, Scottsdale, Ahwatukee, Gilbert, Phoenix and all surrounding cities in the valley.
 
Call us at 602.330.2323 (or) Email annadams@cox.net for a no-obligation free consultation.
Visit our website www.azfreehomelistings.com
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Ann, I agree it is important for buyers to have an experienced agent represent them when buying a short sale. Much success to you in 2012 !

Dec 27, 2011 08:58 PM
Raymond Kennedy
Keller Williams Preferred Realty - Orland Park, IL

Without question the answer is absolutely yes. Even though the buyers agent has little control on how the listing side or short sale negotiations are handled they will know what questions to ask and how to write a contract in order to protect the buyers interest. They will also properly educate the buyer so there are no unrealistic expectations and they will help prevent the buyer from defaulting on the contract due to a less knowledgable agents lack of understanding of the terms as it pertains to a Short Sale and avoid the buyers from losing their earnest money. Besides, choosing your friend or family member that holds a real estate license can sometimes cause anomosity if something doesn't go the way you expected and you could ruin a good relationship. They usually don't know what they don't know unti the damage is already done.

Dec 27, 2011 09:15 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

 YES.....YES.....or at the very least....an agent who knows what they don't know....and are happy to learn the ropes of the process as the transaction proceeds to a successful closing.

 

Dec 27, 2011 10:31 PM
Steve Queen
Bennett Realty Solutions - Bowie, MD
Chosen Realtor for Bowie And Laurel

Yes, If you trust your property with someone inexperience you will usually receive a foreclosure letter down the line...lol Seriously, I think having someone with short sale knowledge and past success is a no brainer. Happy New year to you!

Dec 27, 2011 11:18 PM