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What’s the best Gainesville Short Sale offer?

By
Real Estate Broker/Owner with Anson Properties 3086504

What’s the best Gainesville Short Sale offer?  As a homeowner who chooses to short sale your home. It is difficult to choose a buyer for your Gainesville short salebecauseshort sales are very appealing to many buyers. The best advice is for you to consult your agent.

There are many things to consider when choosing an offer. First, you have to see to it that the buyer is eligible and are able to finance your short sale well. You cannot always pick the highest offer and end up feeling tricked when your buyer will not be able to finance your home.

It usually takes 30 days for your short sale to be approved. Once it expires, it needs to be renegotiated and would again take 2 to 6 months. It is much better to choose a price that is less but with a stable financing. You might want to request a copy of the pre-approval letter from your buyer.

Make sure that you were able to scrutinize the pre-approval letter. We experience one event wherein the short sale buyer’s agent, short sale loan mortgage broker, and the buyer’s lender is just one person.

In Florida, this is illegal. It cannot be done that the real estate agent and mortgage broker is the same person or within the same company.

Another aspect to consider is the demands of the buyers. Can you meet these demands? Do the buyer want furnishings and complete kitchen appliances?. Make sure to choose a buyer where you can meet its demand.

You can choose an offer that has the best qualifications, of course.

http://www.30dayseochallenge.com

 

Other Articles to Read: Are Gainesville Homes for Sale More Affordable? My Gainesville Short Sale Appraisal Came in Low, Now What? Gainesville Florida Foreclosure Fraud Up - Avoid Scams Choosing the Best Offer for Gainesville Short Sales

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Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Stephanie, great post and we agree.  We would add make sure the price is not too low or the bank may reject it after the BPO is done.

Jan 20, 2013 06:44 PM
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Absolutely you are 100% correct when it comes to Gainesville Short Sales.  With multiple offers that is crossing my table for short sale, we must pick the one that is solid and not always the highest offer will do.  BTW, I like your new profile pic :)

Jan 21, 2013 10:05 AM