How to Short Sale your home in 2014.

By
Managing Real Estate Broker with Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 01233850

How to Short Sale your home in 2014.  How to Short Sale your home in 2014

With the home market recovering in most areas less homeowners are needing to use the option of doing a short sale. So are short sale going to be easier or harder to get approved in 2014?
Lenders have ramped up their loss mitigation departments now have more time and staff to review each short sale submitted to them. I feel it's not going to be as easy to get a short sale approval in 2014 and if your agent submits a weak short sale proposal forget getting that approval.

 

How are you going to get your short sale approved in 2014.

The banks are not giving the large discounts any longer. They are demanding sales prices at market values. Some lenders are even asking above market  prices (Fannie Mae) their short sale approvals!
Get your home looking it's best. You are now having to compete with the standard sales around you.
I know it's a pain but complete ALL the documents your lender throws at you (very important).
Seek out the best short sale specialist in your market (critical).

 

How do you find a short sale specialist in your area?

This is easy. Just ask Google,Bing or what ever internet browser you use.
Typical search terms you should type in would be......

Short Sale Specialist, Short Sale Expert, Short Sale Agents. To make your search even more accurate to find the best short sale agents in your area is to add your location/city in front of your search phrases. Here's are some examples. If you live in my area which is Temecula Ca you would then type in the phrases below....
Temecula Short Sale Specialist or Temecula Short Sale Expert or Temecula Short Sale Agents

 

Get a fresh start in 2014. It's not to late to short sale your home.

 

 

Comments (4)

Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

I agree that short sales will have a whole different look in 2014. With home prices rising, the banks wil now want more money for the homes Quesston, would you rather buy a short sale home or a retail home. Mine would be retail home.

Jan 01, 2014 07:02 AM
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Jimmy,

That is going to be a major issue. Why would a buyer wait 90 days for a short sale to maybe be approved when there are many other standard sale around to pick from.

Jan 01, 2014 11:08 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Here we are still expecting a few more shortsales here and growing. I have been able to close all the ones we took last year

Jan 01, 2014 11:38 AM
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Charles,while short sales are slowing down in most areas, the agents who are short sale specialist will still be busy in 2014.

Jan 01, 2014 12:01 PM

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