How can I choose the best short sales agent?
The most important criteria for choosing the best real estate agent with a short sale are the same as choosing a real estate agent for any transaction. Sewing the list for both is experience. Although the new agent could be qualified to lead the buyer or the seller through the traditional sale process, an experienced agent would be more likely to anticipate problems that could be problematic and ensure the best result for his client. In the short sale process, the potential of the difficulty increases significantly and the inexperienced agent is at a significant disadvantage. If you want to choose the best short sales agent, find those who have experience in your local market, talk to the former clients of all agents you can hire, and check that the agent certification is valid and has been obtained through a reputable organization.
Success as an agent of short sales is almost entirely dependent on understanding the requirements of creditors responsible for Nemo soldtost. Although has an effort to standardize the process, all creditors have their own specific requirements. Short sales exploded on the real estate market so quickly due to the global economic recession at the beginning of the 21st century that most creditors did not have trained staff to handle transactions. This caused a large percentage of transactions to be involved in this process and never finished.
In addition, many properties that end up in the short sales process have second and third mortgages. These mortgages are often held by various creditors who are unable to align their requirements. As a result, short sales application could disappear for six months or more.
It is essential because of the unique situation for creditors to work with the short sales agent with experience in the local market and acquainted with participating creditors. Find Best Short Sale Agent, Talk to Bank or FinaBy holding a mortgage for the assets and ask for a list of agents who are familiar with their process. Get links from these agents so that their former short sales clients can be asked about their experience with this agent.
Be careful when choosing an ad -based agent claiming to be a certified short sales agent. Although this designation could have been obtained by completing training through a reputable organization, it could also earn a little more than a short internet class. Even the best course is not a substitute for experience in the real world.