Is it different than a 'regular' offer?
An agent, new to the industry asked the following question on a social media site: "Am new to real estate, going to be writing a short sale offer and never done this." "Is it different than a regular offer?"
This question needs to be dealt with swiftly by the agent's broker before the buyer client's trust is breached or worse, a harmful environment is created due to lack of experience and knowledge of short sale properties.
The following are some things to do to prior to writing a legal and binding offer on a short sale.
- Team up with a seasoned agent. One that has past experience with short sales and can help guide you write and submit the paperwork.
- Consult with the broker for advice and required documents. Go over the paperwork multiple times, ask questions, get very familiar with it.
- Get educated. Take a Certified Distressed Property Expert or Short Sales and Foreclosure Resource certification class.
- Contact a local title company who can send over pertinent information to help get more aquainted with property details.
- Hire a Short Sale Specialist who will charge fees to do the paperwork, including submitting and communicating with listing agent.
New real estate agents taking on responsibilities well outside the scope of knowledge when representing clients will be held accountable if damage occurs! The old 'I didn't know' defense holds zero merit.
If you have questions about any Washington County, Utah homes for sale, give me a ring at 435.632.9374 or email@example.com. Always glad to help with your real estate needs because Wanda Can!