Short Sale: Tips To Close Fast
When dealing with a short sale, the first thing to think about is seller motivation.
What is it?
It sure isn't about getting the highest offer.
Seller motivation may be all about a fast resolution to limit credit damage.
Is a qualified buyer more important than highest offer?
We say it sure could be!
Closing the sale and avoiding foreclosure is MUCH more important than highest offer to the distressed seller. Working with the right buyer with a short sale is one of the keys to closing these transactions today.
Losing short sale buyers remains one of the biggest issues for the seller.
It's an issue for the Realtors too because they're spending a lot of time trying to close the short sale and losing buyers is one of the most frustrating realities of a short sale in 2010.
Every agent out there will tell you about these difficulties with short sales..
This is where an investor can offer a lot of value to the homeowner. Having a committed buyer could be the difference between short sale success and failure for the homeowner.
So how can you find a committed buyer?
Here is a tip: Search Yahoo and Google for one.
This is an easy task for a listing agent or a homeowner that could result in an immediate offer on the property. Without the offer you can't even begin working with the lender on approval of the short sale.
In today's market you need to look at unconventional options.
Get on the internet and search terms like "Chino Valley Short Sale" for short sale help in Arizona like Sandp-Properties.com. Or search "Pittsburgh Short Sale" for an investor in Pennsylvania such as homeparachute.com.com.
Investors are out there and they can help distressed sellers. Search the internet for real estate investors and you will find them.
Search your area and terms like foreclosure, short sale, real estate, etc. You can find them in every part of the country. Combine your local market with these search terms. Another example is "Morris County Short Sale" for companies working short sales specifically in the Morris County, New Jersey such as EmecoShortSaleSolutions.com



