Sellers facing foreclosure or short sale need a real estate agent with proven track record
Are you an Atlanta home seller facing foreclosure or a short sale?
If you answered yes to facing foreclosure or short sale then you need a real estate agent with a proven track record to make things happen before you become the latest victim of the mortgage loan crises.
The vast majority of real estate agents have never worked with a home facing foreclosure. Marketing a home facing foreclosure requires intense negotiations with your lender, education of potential buyers and marketing savvy to make your home stand out from the crowd.
You can not select a short sale savvy real estate agent based on friendship, convenience or “potluck”. Do your home work and select a real estate agent who has a proven track record of successfully navigating the bank foreclosure and short sale obstacle course.
QUESTION TO ASK POTENTIAL SHORT SALE LISTING AGENTS
1. What educational certifications do you hold that prepares you to handle my sale before I end up with a sale on the courthouse steps.
Answers should include CDPE or Certified Distressed Property Expert. Go HERE for more information. Other certifications that show your real estate agent is at the top of their profession include the CRS and GRI designations.
2. Have you successfully sold and closed a short sale listing this year?
It is an obvious question but it will weed out 90 percent of the real estate agents who claim they are short sale experts. Be specific and ask about specific properties they have listed and sold as short sales.
3. What lenders have you negotiated short sales with in the past 12 months?
This is a less obvious question but it is highly pertinent to your situation. ALL LENDERS ARE NOT THE SAME in the short sale world. Wachovia has a workable short sale system. Bank of America/Countrywide is a house of horrors in the short sale world. Try to find a real estate agent who has worked with the mitigation department for your specific lender!
4. Do you have the documents and forms I need to get the short sale process started?
You need to start the short sale process immediately and the process takes months. If the real estate agent does not have the necessary forms and documents, are they really qualified to negotiate the short sale maze.
5. Are you a short sale superstar?
This sounds like a comic book character or something but short sale superstars are actually a group of real estate agents that share specific information and strategies for dealing with the mitigation departments of major lenders. I have learned a lot through this cooperative group.
Don’t sit on the couch and let your home go through foreclosure. You can get your home sold as a short sale and take a far less serious hit to your future credit rating than a foreclosure event. PLUS you can essentially live rent free in your home while the lengthy negotiations are taking place,
Paraphrasing Larry the Cable Guy: Git it done!
Looking for a Short sale Expert in Atlanta Georgia? Sally English is Certified Distressed Property Expert with a proven track record in Atlanta Georgia. Call Sally now at 404-229-2995