Short Sale Buyers:
Here are some questions you need to have your Realtor ask the listing agent on a short sale.
1. How many short sales have you closed in the last 12 months?
Current experience is critical. We are in economic times that have not been seen in decades. A top short sale educator has stated from the the teaching platform that the newest Realtor is the best student for the current market conditions because prior knowledge or non short sale knowledge can be a hindrance to coming up with the solutions for an ever changing short sale market.
2. How many active short sale listing do you have?
If you are not in the thick of it, it is hard to be aware of the changing lender conditions for short sales which do change daily.
3. Do you have a complete short sale package?
Many Realtors make the mistake of taking the listing first and then chasing down the seller afterward for the short sale paperwork. Or the short sale paperwork that they do collect is incorrect or surplus. An incomplete short sale package wastes everyone's time, including the buyer.
4. Do you use a 3rd party to handle the loss mitigation of the short sale package with the lender?
The more efficient Realtor will have a 3rd party performing the communication on the short sale package with lender so that he or she can focus on what they need to be doing. The marketing of the property. Short sales are such a specialty that the first couple of transactions are lab experiment for all parties involved. Some States have legislation that does not allow the Realtor to negotiate directly with the bank.
For all your Hawaii Oahu Short Sale referrals please visit our website and see why your clients will be in goodhands. A referral to an experienced short sale agent is a reflection of your professionalism.
http://www.weloveshortsales.com/
http://www.teamlally.com/home.asp
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Attilio Leonardi Jr. (RA) CDPE
Short Sale Specialist
RE/MAX HONOLULU - Team Lally
(808) 388-5466 cell
(808) 356-8193 fax
sunnykapolei@gmail.com
weloveshortsales.com
teamlally.com
"I am never to busy for your Short Sale referrals"
I am not an Attorney or Tax Professional. Any information I provide is based on my experience when representing clients in Short Sale Real Estate transactions. If you need Legal or Tax advice please seek the appropriate licensed professional. I make no guarantees or promises of the outcome of any Foreclosure or Short Sale. All information provided by me to any all parties is to the best of my knowledge and is deemed reliable but not guaranteed.
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