My first Short Sale!
I have to say, as a newer agent, I was trying like heck to avoid the short sales and foreclosures but I think it's because of all the horror stories I've been hearing.
I'm actually the buyers agent on my first deal and have to say that the seller's agent is my HERO! She sends me emails at least once a week and I love that! I forward them to my clients and they are very pleased with the progress.
I've learned a few key points to pass on:
1. Communicate with your fellow agent
2. Watch out for your client
3. Recommend seeking tax, legal, and finance counsel
4. You'll never know it ALL, it changes ALL the time!
My advise: Don't believe all you hear! I don't mind this part of the business and until the economy is PERFECT, we agents will have many of these transactions in our future. Embrace the knowledge that you learn by going through them and don't be afraid to tell the other agent that this is your first or that you haven't done many of these.
I'm sitting in my SFR (Short Sale/Foreclosure Resource) designation class and am learning a ton. Some scary but it's all real situations that we're working with. I highly recommend education, it's the best resource of all!
Have a great day and for those of you in Colorado, drive safely in this lovely spring snow storm we're having!