Special offer

Rookie Confessions: Part 2

Real Estate Agent with Innovative Real Estate Group, LLC

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!


Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Heidi, congratulations on your first short sale. See, it wasn't all that scary.

Mar 19, 2010 07:18 AM
Heidi Marshall
Innovative Real Estate Group, LLC - Erie, CO

Hey there Malcolm, not scary yet, still waiting on the 2nd lender to approve. Only scary part is getting my fingers uncrossed when it's all over. :)

Mar 19, 2010 07:28 AM
Stephen Arnold
HomeSmart Elite Group - Scottsdale, AZ

Hi Heidi!  Shortsalesuperstars . com is a wonderful resource and was started by a member of AR!!  It is so important to the be the source of the source (for your clients) when dealing with these stressful transactions!

Mar 19, 2010 07:36 AM
Heidi Marshall
Innovative Real Estate Group, LLC - Erie, CO

Hi there Stephen- Thanks for the resource, I'll be sure to check it out. any info is helpful and greatly appreciated.

Have a great one!

Mar 19, 2010 07:52 AM