Got Short Sales?

Short sales are plentiful today and many real estate agents either struggle with working through them or shy away from what can be profitable business for the agent.  Foreclosure is a fact of life in today's market as we recover from the lending excesses of the past few years and as real estate values return to there more normal growth rate.

Lenders are pretty much swamped with short sales and REO activity.  Stories abound in the media about this bank and that bank teetering on the edge of failure.  The FDIC is adding personnel and getting ready to deal with expected bank failures.  You can get an informal look at the strength of any bank, such as where you bank, on the Internet at How Safe is Your Bank

Doing a short sale is not difficult in concept.  There are many industry seminars that teach the basic steps and process.  However, in practice, it takes hours of time waiting on hold, collecting data, negotiating with the lender (once you find the correct person) and for most real estate agents, this process is best outsourced to professionals.  You already outsource many skilled jobs such as escrow, title, appraisal, credit, and home inspection. 

No one person can be expert in all areas, and even if one could learn all this, there is simply not enough time in the work day to handle all the tasks needed to effectively close real estate transactions doing everything alone.  Not if you plan to continue marketing, conduct showings, qualify buyers, qualify listers, and perform the essential tasks facing successful real estate agents every day.

There are a few good outsource companies that can do the short sale work for you and deliver a final approval from the property lenders.  Our company is one of them.  When you get a potential short sale listing, we will inspect the property, arrange for repair estimates, make an offer to purchase the property and handle the short sale process for you.  When the approval is in hand for the short sale, we close the transaction and you get paid.

Something to consider as you grow your business in this interesting market.

Contact me directly for more information ir answers to your questions.  Promise - you will not get a sales pitch.  We only work together when it benefits you, your clients, and us.  Otherwise life is too short.