Palm Beach County Short Sales- Short Sales- Information For Sellers and Buyers.
We get calls at least 3 times a week from Sellers who no longer can make the payments on their home and are trying to find out what a short sale is and how it works. Most of the calls we have received this last week are from sellers who have already spoken to their attorneys and their attorneys are recommending that they sell their home using the short sale process.
This past week we listed 2 short sales where the seller found us on our Active Rain blog and called us after reading our posts about how to do a short sale. We had one owner call us to list his house but it would be better for him if he does whatever he can to keep his house, so we did not list his house for sale. Instead we are sending him to resources that may be able to help him keep his home.
If you are in the real estate industry you have heard of short sales but most of the general public has not heard of a short sale and does not know what a short sale is. So to sum it all up I am listing here the series of posts that we have created about what a short sale is and the process that you must go through on the seller and the buyer side of the short sale transaction. There are 7 parts to this series:
short sales: Short Sales In Palm Beach County Florida- What You Need To Know If You are Buying Or Selling. -Part 1
short sales: Short Sales In Palm Beach County- Part 2- What You Need To Know -
short sales: Short Sales In Palm Beach County- What You Need To Know Part 3 -
short sales: Short Sales In Palm Beach County Florida- Part 4 *The Process Begins* -
short sales: Short Sales In Palm Beach County Part 5- Short Sale Myths and Truths About Offers
short sales: Short Sales In Palm Beach County Florida Part 6- After The Offer Comes In.
short sales: Short Sales In Palm Beach County Florida- Part 7 *Inside The Process*
One of the most important things to know when you list your property as a short sale is that your property must be priced competitively enough to encourage offers from buyers. And if you are an agent you must not only have the foresight to know what a BPO will come in at but also to have some understanding on what a buyer's appraiser is going to be looking at for comps. Pricing a home too high will create headaches for a seller and in the end, possibly lose their home to foreclosure. At the same time, pricing too low will get offers that have no chance of being accepted since the lender is not going to approve sales too much lower than their BPO.
Please read the following story of a seller that wanted to price her home correctly but her agents priced her home too high.:
short sales: Beware Of Damaged Goods! *The Human Consequences Of Taking Overpriced Listings*
This is why it is so important, I can not stress this enough, that you choose an agent who knows how to do Palm Beach County Short Sales and has experience working with Short Sales. Ask your agent if they have closed on any short sales in your area. Selling your home as a short sale takes commitment, perserverance, patience and expertise in negotiations and follow through of actions. Do not leave your Short Sale to chance.
Time is of the essence in doing your short sale. Call Nestor Gasset and Katerina Gasset today at 561-753-0135 to find out about selling your home as a Short Sale.
Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.
Copyright © 2008 By Katerina Gasset, All Rights Reserved. *Palm Beach County Short Sales- Everything You Ever Wanted To Know About Short Sales But Were Afraid To Ask.* Contact Katerina Gasset for Customized Business and Personal Coaching.
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To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.
P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more about Palm Beach County Short Sales.