Tuesday, August 25, 2009

You Need to Hear This! : Palm Beach Gardens Short Sales

May

30

If you are a homeowner in distress you need to read this. Short sales are a viable method for getting out from underneath a home mortgage that is driving you into either foreclosure, bankruptcy, or both.

What’s most important in this situation is that you find a Realtor who has specialized training and experience in the field. You don’t want to risk the  future of your home and credit to a novice short sale agent.

Some of the questions you should ask are:

  1. How long have you been working with short sales?
  2. Have you worked on both sides of the sale (buyer’s agent and listing agent)?
  3. Have you rceived any specialized training?
  4. How many of your short sale listings actually close?
  5. Do you handle the bank negotiations personally or have a specialist who is the bank contact?
  6. Have you done BPO’s (Broker Price Opinions)? These reports help banks determine value when short selling a property
  7. What is your online prescence for marketing properties?

Probably the most important thing is whether you feel comfortable withthe agent. Many people feel obligated to the first Realtor who they meet with. Remember, you’re interviewing in the beginning. You need to use the agent you feel will get the job done.

I hope this helps guide you through what is a difficult and trying time. Make sure you have someone who empathizes with your situation and doesn’t treat you as just another listing.

If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.

 

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc.

 

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Comments

via wannanetwork.com

More than ever people considering a short sale need an experienced Realtor to assist in the sale. With short sales consisting of around 30% of the homes on the market, you MUST have the best working for you.

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