Steps 2,3 & 4 of The 5 Steps to Listing a Successful Short Sale
Step 2: Take Pictures, Two Sets
When you are at your initial appointment with a short sale seller, you need to take photos the same way you would with any other listing, only you need to take two sets.
The first set of pictures is the one you would normally take for marketing: front of the house, back yard, kitchen, living area, bathrooms, etc. The second set should include specific pictures of any damage to the property or repairs that it needs. These should be as detailed as possible. Use a Photo Log to help ensure you keep everything in order.
Step 3: Damage and Repairs, Record the Details
As you take pictures of the property, complete a Repairs and Damage Form. This will be very valuable to you later when you begin negotiating with the bank. You also don’t want to have to make repeated, unnecessary trips to the property, so you should aim to accomplish as much as possible on the first visit. Go room by room and note everything.
Step 4: Initial Title/Lien Search
We recommend you have an initial title search done on every distressed (or otherwise) property you list. For a short sale, this is especially important, because if you have liens, fines, code violations or other clouds on the title, you need to see if they can be removed or negotiated immediately.
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