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What You Should Look For In A Buyer Of Your Short Sale Property
IL – Short Sales can be tough. Many buyers don't understand the process and think that since it is a buyer's market, then they set the rules. That's not the case. You, the seller set the rules. After all, you still own the property. But, more importantly, you must set the rules for offers. If you don't then you dramatically reduce your odds of successfully short selling your property. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is what you should think about before you take your home off of the market. 1. You should only accept and work with one offer at a time. If you accept more than one offer at a time, then buyers get mad. The primary offer might get angry because you accepted a backup offer. In addition, multiple offers confuse everyone involved including the short sale lender. 2. You should make sure the buyer can get financed for a loan. That means the buyer should give you genuine proof of that, whether a pre-approval or pre-qualification. 3. We recommend that the buyer inspect the home before the sales contract is signed. If any unexpected problems come up ... more

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