Seller's Responsibilities In A Short Sale

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

Your Realtor is diligently helping you with the short sale of your house. The Realtor will be doing the "heavy lifting" with your lenders. However, it is vital that you, the seller, provide assistance when necessary.

Help your Realtor help you.

Your Realtor will be performing dozens or hundreds of extra tasks that don't exist in a non short sale transaction.

The seller needs to provide timely response in the following areas:

  • Getting financial documents from you that the lender requires.
  • Price drops. If the house is not generating many calls or requests for showings, or if there were many showings with no offers, then a price drop is needed. Reducing the price will increase the likelihood of buyers showing more interest in your house. The Realtor must have your cooperation in dropping the price, otherwise the house will not sell and it will end up at the foreclosure auction.
  • Scheduling and arranging showings. There are plenty of houses for buyers to choose from. If they cannot view your house, they won't make an offer on it. Please put as few restrictions as possible on showing arrangements.

We have the same goal as you do: To avoid your house from being sold at the foreclosure auction.

A diligent short sale Realtor has your best interest in mind. Quirky and nonsensical requests come from your lender, the Realtor is relaying those requests to you.

Last minute or inconvenient showing times come from the buyer's real estate agent, the Realtor is relaying those requests to you.

Please help us help you.

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

View Dave Halpern's profile on LinkedIndave_halpern twitterhalperndave_facebookDave Halpern QR CodeLouisville Foreclosure Realtors Dave Halpern

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Rainer
51,958
Cheryl Malone
Windermere Van Vleet - Medford, OR

Great advice... thanks.  It is always nice to have a seller who is on top of things.

Mar 01, 2011 02:47 PM #1
Rainmaker
248,247
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Dave; Solid advice on the importance of cooperation among all perties in a short sale transaction.

Mar 01, 2011 03:22 PM #2
Rainmaker
3,144,029
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Dave - Excellent information and tips on sellers responsibilities on short sale. Thanks for an educational blog.

Mar 01, 2011 04:04 PM #3
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Rainmaker
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Dave Halpern

Louisville Short Sale Expert
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