What is a Short Sale?
- In a short sale, a financially insolvent homeowner who is facing foreclosure sells their home for less than the value of their loan. The lender accepts the sale as payment in full for for the loan.
- Because of the current economic conditions more and more homeowners are facing foreclosure.
- A short sale gives a homeowner a way out of foreclosure and is potentially financially advantageous for lenders. We call this a win-win.
Not All Real Estate Agents Are Qualified Short Sale Experts
Here are 10 questions to ask your real estate agent before you sign on the dotted line...
1.Can my real estate agent explain the short sale process to me?
2.How do I know if my property will qualify for a short sale?
3.Does my real estate agent know what information I will need to provide to the lending institution?
4.Does my real estate agent know what "hardship" categories qualify me as a short sale candidate with the lending institution?
5.Does my real estate agent know how to create an effective short sale strategy?
6.Does my real estate agent have prior experience and specialize in working with homeowners and lending institutions to create a short sale transaction.
7.Does my real estate agent know how to market my home since efficient timing is essential.
8.Does my real estate agent know how to price your home?
9.Does my real estate agent have a pricing/marketing campaign for 14/30/45days?
10.How do you know if you are really comfortable with the real estate agent the you are selecting?
As Certified Distressed Property Experts we deal with banks, loan servicer's and asset managers who contact us on a daily basis to help determine the value of their assets. You can be sure that you've selected a firm with previous experience and expertise of local market trends.
For more market trends visit www.BaltimoreMarketTrends.com.
Call the REALTOR® the banks call to sell their homes. Contact Aaron Rice today 443-244-0051.
Do you want to know what your home is worth in today's Shifted market?
Click here http://www.baltimorehometeam.com/whats-my-home-worth.asp.
If you, your family or friends are looking for refinancing strategies, tips for a quick sale or information on purchasing a home, I invite you to call me for valuable information on today's ever changing real estate market.
If you, your family or friends are facing a current or future financial hardship the BaltimoreShortSaleTeam.com can help please contact me Aaron Rice, Certified Distressed Property Expert (CDPE). 443-244-0051.
Our Client-First Philosophy
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
That said, in my experience as a Baltimore real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.
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