Is it fair to "try"a Short Sale for the first time?
When you take on any Short Sale, save yourself the trouble in advance and make sure that your potential clients know that by attempting this process they are heading down the road of foreclosure. Short Sales are complicated and depending on how far behind your client is with their mortgage, your time may be limited. Our team has carved out a "niche" of working and successfully negotiating several local short sales in the Frederick County VA, Winchester City VA, and Berkeley County WV areas. We have noticed a trend of agents "taking on" Short Sales who have never completed one before, and I'm concerned that agents are trying to get business by rolling the dice with the transaction.
If a client hires a REALTOR to Short Sale their home and the agent does not have any experience, is it fair to the client to"learn new skills" with their potential risk for foreclosure. I have come across some agents who are attempting Short Sale the clients home and they have been ill prepared for the long process and the work that is involved. Perhaps this is also why many agents have a sour taste in their mouth with the Short Sale transaction as well. Why encourage your buyer's to write and wait on something that is in essence a"experiment"? If you are interested in Short Sale transactions I suggest teaming up with an agent that has a prooven track record, you will be doing yourself and your future clients a BIG favor! For more information on Short Sales and Short Sale negotiations, Please visit www.equitynegotiations.com .
