Are you thinking of buying a home? Have you noticed that 1 of every 2 homes if not more are Short Sales? It can get kind of frustrating when nearly every home listed is a foreclosure or in default. The biggest complaint I hear is about the bidding wars. There are tons of stories of how buyers place offers on properties and never hear ANYTHING back! Rule of thumb, if you have not heard anything, you did not get the property!
Best way to get the home you want, "Common Sense"! Say the property you want is listed at $535,000 and the homes in the area are selling for $640,000, do you really think the house is going to sell at $535,000? I guess the best tip I can give you is to work with an agents that has successfully secured a property on a short sale for several clients. An agent who will run comparable sales in the area and place the offer where it needs to be for you to be the winning bid. Short Salesalong with REO properties are the best deals, but you have to know what you are looking for and what you are willing to pay for it. Being scared to get into a short sale may be valid, but if you are working with an agent who understands the short sale process there should be no problems. Make sure your agent knows how to work with the listing agent to push the process through. If the listing agent has not even qualified the sellers then you want to run from that particular property
We answer questions constantly about short sales and referals. click here Our network has licensed real estate agents from all different real estate franchises who are educated in the short sale process. We help agents by processing the paperwork which is necessary to close short sales while the agents list properties and help buyers! We can be contacted at Short Sale Resolution Network, 866-844-6873