Financial troubles are a part and parcel of today’s life. Sometimes people face terrible financial pitfalls where they cannot afford to pay regular mortgage payments. There are very few options to get through such financial crunches and short sale is one of them. Under short sale, a property is sold for less than the amount owed by seller and requires approval from the mortgage lender. In some cases where there are chances of ending into an expensive foreclosure, the lender will agree for short sale. It is always advised to have an experienced Temecula short sale agent in your team and short sale agents are helpful for both seller as well as the investor of the property.
How Temecula short sale agent can help sellers in short sale?
Every seller should understand that short sales are complicated and they are different from regular real estate transactions. According to the stats listed by National Association of Realtors, only 2 out of every 5 short sales get approval from the lender. It is always beneficial to hire an expert in short sales and they can handle these transactions comfortably.
Always ask the realtor about his/her previous short sale history. Any agent with a successful history in closing short sales is good for your house and make sure to hire an agent working in your city itself. Every state has different laws and hiring an agent from another state may lead to disappointment in the end.
Getting approval from bank is one of the most important aspects of a short sale and you should let your agent handle the negotiation process with the bank. Being an experience short sale agent in Temecula, I have noticed deals where lender may pressurize buyers to use some of their favorable lenders. Such situations are very well handled by short sale agents and they are equipped with hard sell landing tactics for such lenders. Moreover experienced realtors have relationship with banks and other important lenders which may result into a major factor in success or failure of a short sale deal.
How Temecula short sale agent can help investors in short sale?
A short sale agent can be of great use to any investor looking to invest in short sale properties. Most of the realtors have access to rather less advertised properties which may help you in closing the deal at a lower cost than expected. Real estate agents are aware of the property and whether it is good for the investor or not. If you are planning to invest into short sale, ask your agent about the local community information and it will help you in getting good resale value for the property.
Short sale is a complicated process and there are some liens filed against every property which need to be identified before the deal is closed. You can easily get a quality title officer with the help of Temecula short sale agent and get all the information related to the property. You will never want to face issues by any of the lien holders at the time of closing of the deal.
In short, realtors with rich experience in short sales can help you in successfully closing a deal in your favor. After all, it’s your money that is going to be invested in the property!
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