There are several reasons why it is critical that you choose the best short sale real estate agent whenever you are giving out your property or buying one. If you choose a novice short sale realtor; you may end up losing a lot of cash your creditor was going to give you because the realtor that was working on your behalf did not do his or her job well.
Furthermore, a lot of paperwork is involved during sales processes and missing or failing to follow the right protocol on one of the paperwork can lead to several months of delayed sales.
Unlike the standard real estate transaction where two principals, the buyer, and the seller, are involved, the short sales involve three principals; the creditor, the buyer and the seller of the property. That is the exact reason why short sales procedure are a bit complicated than the routine real estate.
Therefore, selecting the best short sale realtor is fundamentally converting. Here are tips that will help you avoid making horrible mistakes when picking your short sale realtor.
Most importantly, the qualification that your short sale agent should have has to do with the unmatched experience. Your short sale realtor should have worked long enough, perhaps ten years or so, to know the real estate dynamics. Apart from the experience, it essential that look at his skills when it comes to short sale transactions. He or she must have done not less than five short sale transactions successfully.
It is crucial that you employ short sale agents that work full time. It is vital that you pick someone whom you can with comfortably. Sometimes you need to hire someone who can sell your property without having to advertise it. You do not have to let your neighbors know about your financial crisis.
You also need to choose a realtor with a pleasing character who is willing to sacrifice anything for you. You know you have to work with your realtor for some time. You also need to look forward to forging a healthy relationship with your realtor for the ultimate experience.
Also, you need to ask him if he offers guarantee to get you what you deserve from your property. A specialized short sale agent should be able to compensate you any amount that he can’t get from the creditor.
You also need to hire a realtor who will assist you to get another place for you. Your credit must be down due to your financial hardships. Short sale records will not salvage your credit score. Therefore, you may not be able to meet the requirement of renting a property. That is why you need a good short sale agent to negotiate on your behalf.
You should pick a realtor that has skills to negotiate with your lender on ways to modify your loan as well.