Right now, with all of the Short Sales, Bank Owned (REO) properties and the extensive bargain shopping you need a Real Estate Professional who can handle any and all situations. Short Sales can benefit buyers and sellers in that the property actually sells for less than is owed and an REO property is usually priced below market value making them a bargain. Both Short Sales and REO Sales come with their own list of challenges for the client and the Real Estate Professional they choose to work with.
Most Real Estate Agents can handle a traditional real estate transaction of buying or selling a property that is priced right and the loan is approved. Seems easy, huh? Even in those circumstances things can go wrong.... and often do.
Add a seller who is in a situation requiring that you Short Sale your home. What if you're a buyer who is shopping for, or can only qualify for, properties that are well below the average market price and will only be found if a Short Sale or REO is considered?
Now, who will help you? Who can get you through all of this with the least amount of hair pulling?
A good Real Estate Professional! One who is smart enough to re-train themselves in the market as it changes! One who is not afraid to ask questions and never too naive to think that everyone else in the transaction is doing the same. They're out there and not too hard to find!
Try asking questions like....
- Have you handled many Short Sales?
- Have you shopped for (or sold) many properties in this price range?
- How long do you feel it should take us to sell (or find) this home?
- How will we communicate during this process?
- What will you need from me to make this a success?
AND MOST IMPORTANTLY....
Who can you get help from if things get tricky? In this varied market place, EVERYONE needs help from a Professional. Finding the right one will make the process much easier for you.