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Belfair, Washington Short Sales...Questions to ask BEFORE you list your home

By Dinah Lee Griffey

Managing Real Estate Broker with Windermere Peninsula Properties

March 24, 2009 10:44 AM

By now most people have heard of a Short Sale. In case you have not they are when a Seller is able to Sell their home with permission from the bank for less than they owe on the loan.

Many in the real estate industry will claim to be an expert on the short sale. This may not be the case.

Below is a list of questions to ask a potential Agent to see if they are Short Sale savvy.

1.Have you ever sold a short sale?

2. Have you ever listed a short sale before?

3.Have you been to Short Sale training?

4.What is included in a short sale packet?

5.How long will it take to close the transaction?

6.Do you work directly with my Lender, or do I?

7.How long will it take to get an accepted offer?

8.Do all Lenders work the same?

9.Have you ever worked with my lender in a short sale before?

10.How many short Sales have you closed this year?

If you have questions about a short sale on your home or purchasinga short sale please contact Dinah Griffey or Michelle Roethle at 360-551-8888. We would be happy to get you up to speed and moving forward! You can also visit our website at freenorthwestreo.com or thenorthwestlife.com

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Ann Allen Hoover

RE/MAX Advantage South - Hoover, AL

CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Dinah...no short sales for me until last week....I'll let you know how it goes....ARGGG!

Mar 24, 2009 12:23 PM

Dinah Lee Griffey

Windermere Peninsula Properties - Allyn, WA

Managing Broker Windermere Peninsula Properties

Ann- I think the key is to call everyday. Communication and being nice, and helpful gets the job done. It takes forever it seems and then suddenly your hard work will pay off. Good luck!-Dinah Lee

Mar 24, 2009 01:33 PM

Regina P. Brown

MBA Broker Consultants - Carlsbad, CA

M.B.A., Broker, Instructor

Dinah, those are great questions that sellers should ask before hiring an agent! This blog is now featured at http://activerain.com/groups/virtualoffice - congrats!

Mar 24, 2009 05:30 PM

Regina- Thank you. I hope it is helpful-Dinah Lee

Mar 24, 2009 05:31 PM

Carla Muss-Jacobs, RETIRED

RETIRED / State License is Inactive - Portland, OR

Short sales used to be a good idea. I came from an area that utilized them extensively . . . for good cause. In the mid-90's down in Los Angeles we had the Northridge Quake. I had a town home there, and fortunately nothing happened -- it was well built, but directly across the street, the apartment complex pancaked! Short sales were necessary, and they WORKED! There was not bail-outs, or money from government, and it was not a wait and see deal. It was a "cut your loses" quick paced market. These short sales were not caused by Mother Nature, as we all know. I witnessed short sales that worked, and now I'm witnessing shorts that don't.

You're questions are logical, and need to be asked. Plus, a lot more, but you can get a good handle on how to proceed with the top 10 you're providing!

Mar 28, 2009 07:00 AM

Belfair, Washington Short Sales...Questions to ask BEFORE you list your home

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