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" My Realtor friend thinks she could probably do a Short Sale" said the Distressed Seller

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

success failure sign  Dangerous words..."Probably do...."...No distressed seller should sign up to be any Realtor's "Short Sale Experiment."  As a distressed Seller, you are looking at far more than selling a home...you are placing your financial future in the hands of someone you are entrusting to complete a short sale succssfully...to help you start over financially.

    No Realtor...make that no professional will ever be offended if you ask for "third party verification" of their experience and more importantly.....their success.  Many Realtors take an ipad or laptop with them on a listing appointment.  While we can't say what every MLS shows....we know that many MLS systems can show how many transactions an agent has completed that ARE short sales...and  as or more importantly....how many were attempted and not completed. You don't want to gamble with an atent that has a 50/50 track record for completion of short sales...or who has done a few a year...or done one here and there.

   If you have a question about the qualifications of the agent who volunteers to do a short sale....point them to a computer and have them show you their track record.

   If you or someone you know is in need of a short sale specialist anywhere in the country...call us...we will refer you to someone who is experienced and successful.....and able to help you with a fresh financial start.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Is like touring Africa with a guide you bring on your own. . just because you know the person.

Apr 28, 2012 08:41 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally & David.  On the job training with a short sale is a terrible idea.

Apr 28, 2012 08:41 PM
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Sally and David, your post is why I refer all Short Sales to those who have been trained and have experience in the process. Great post!

Apr 28, 2012 08:47 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Sally and David,

Amen to David's comment. I always refer Short Sales to those who have been trained and have experience in the process! You are right a seller is placing their financial future in the agents hand and the agent better be experienced and be more than qualified! Excellent post!

Apr 28, 2012 09:04 PM
James Dray
Fathom Realty - Bentonville, AR

Morning I've only done one and it went so smooth I don't see what all the hubbub is about.  I haven't and won't do one that is under one of the big three.  I've got enough headaches.

Apr 28, 2012 09:13 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

  Just like no two transactions are alike...short sales are less alike...if you have "only done one" you cannot begin to understand the many twists and turns that may not be evident at the onset...and without experience, can be very big obstacles to accomplishing a smooth closing.

Apr 28, 2012 09:19 PM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Around here the phrase is that short sales are the best and worst thing about the market!  And the agents are responding in kind - some will take them, but some won't!

Apr 28, 2012 09:30 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Sally and David..... those who are homeowners of homes that will be sold with a short sale would be wise to call you to give them guidance with that sale..... you have expertise.

Apr 28, 2012 09:49 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

OH don't you just love how everyone has a friend in real estate LOL?  Good advice as always from the Hansons!!

Apr 28, 2012 11:53 PM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Sally,

Having experience is a must when dealing with short sales. There is SO much to know, so many variables, it requires so much time that even if inexperienced agent means well, it is very difficult for them to get consistent good results. The lenders are getting more attentive which requires more skill.

Apr 30, 2012 08:41 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

They have not written..."Short Sales For Idiots" yet...have they ?

Apr 30, 2012 10:23 AM