Short sales can be much more complicated than average real estate transactions, which is why it’s important to work with an experienced short sale realtor. Navigating this type of transaction can be tricky, so working with someone you feel comfortable with is fundamental to making the process smooth and less stressful, whether the sale involves Indio real estate, a country club La Quinta real estate property or a beach home in another area of the country.
As with any normal real estate transaction, a short sale realtor will list the home, complete all relevant paperwork, manage offers and close the deal. In addition, there are other integral aspects that they will handle for you. A short sale realtor will negotiate with your lenders to ensure that your property is valuated accurately and manage many other duties that are intricate and exclusive to short sale packages.
You’ll want to make sure that your realtor has expertise specific to these types of transactions, and if, for example, the deal involves an Indio real estate property, that they have experience in that region, as well as local contacts. These two factors will significantly improve your chances of a quick and successful sale.
When choosing who you’re going to work with, make sure to look at their track record to see what their past results have been. How many short sales have they closed in the last two years? While market experience is important, if they have little expertise in short sales, they may not be able to achieve what you need them to. Ask to see a list of recent short sale approvals and the amount of debt forgiven, as well as some sample approval letters.
A local realtor will also be able to close a deal more quickly than one who is not well-versed in the area. For example, if the deal involves a La Quinta real estate property and you choose a realtor that has familiarity in the region, they will have relationships in place and will already be working with buyers interested in homes in the area. This will increase chances of a sale and make the entire process much easier.