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Starting Up With Short Sales!

By Melinda Earlywine

Real Estate Sales Representative with Century 21 Commonwealth RE 66115

September 10, 2009 12:27 AM

Recently receiving my CDPE designation, I'm a little nervous to start advertising to list short sales. I have studied, read short-sale posts and articles, studied our local market for short-sales, and really want to help homeowners avoid foreclosure.

As a listing agent for HUD, I have tons of buyers looking deals on a new home. Of course, in this market everyone wants a deal and ridiculously low offers are abundant.

Believe it or not, one of my fears is once my advertisement hits the local papers and internet that I will be totally overwhelmed with calls to list homes. Of course, I have to qualify the sellers first to see if they are willing to follow through with working closely with their lender to help the process go smoother and try their best to keep the property in showing condition.

Guess I need to put it out there and see what happens! Wish me luck with my new endeavor and hopefully I will be able to help at least a few distressed sellers from going into foreclosure!

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Satar Naghshineh

Satar - Amiri Property and Financial Services Corp. - Irvine, CA

Good Luck! I remember my first short sale. I was so excited to see if a bank will really take less than what is owed and pay me to sell it (this was before the word short sale hit in this current cycle). Luckily my training told me exactly what to do, how to do it, what to say and the logic behind what I am doing and what to expect.

I am not impressed by the CDPE training based on what their students and owner say. By their own admission, CDPE has a 47% success rate. The course was designed for real estate agents, therefore it makes the mistakes that real estate agents make.

When you get your first client, feel free to create a blog on the short sale groups and I will help you. You can also e-mail directly and I'll help you with how to list it and how to structure the offer you get to present it to the bank.

Sep 10, 2009 01:43 AM

Melinda Earlywine

Century 21 Commonwealth RE - Lawrenceburg, KY

There's No Place Like Home When You Live In KY

Thanks for the offer to help. I'm sure I will have questions and need guidance. I am also scheduled at our local board for the SFR designation for short-sales also. Trying to get as much information as possible before my first SS listing. Thanks again!

Sep 10, 2009 02:04 AM

The best advice I can give is to read as much about short sales as you can at your local bookstores. You will see that each book has a piece of information that you can use and apply to your short sale process.

Sep 10, 2009 02:17 AM

Erby Crofutt

B4 U Close Home Inspections&Radon Testing (www.b4uclose.com) - Lexington, KY

The Central Kentucky Home Inspector, Lexington KY

Active Rain is such a great place to learn and share. I hope you get massive calls for your ad when it hits the streets.

Sep 17, 2009 02:04 AM

Starting Up With Short Sales!

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