A short sale specialist is a trained professional who will aid you to sell your home short. Homeowners usually decide to sell their home short when they are trying to avoid foreclosure. The trick with this type of sale is that if your lending company approves it, you can sell your house for less than the payoff on the loan. This also means that all proceeds will go directly to the bank giving you the ability to avoid consequences and effects of foreclosure on your credit. Short sale enables you to keep the home out of foreclosure. If you have any doubts, you should hire a short specialist to explain you the whole process, help you go through the transaction and get a little bit of this stressful burden off your shoulders. Our advice is to always decide for a short sale if you think you are about to fall in foreclosure. It is hard to sell your home short by yourself, but with the help of an expert, nothing can go wrong.
Benefits of Hiring a Short Sale Agent
If you are interested in a short sale, it’s always better to seek assistance from an expert. A trained professional has a wealth of knowledge and experience in the area, and he/she can easily handle negotiations with your lender. As you know, your lending company must approve the sale, so if you want to make sure you will be allowed to sell your home short, you should hire a professional. Since a short sale expert is trained to handle this kind of work and negotiations, you will probably get better rates and options. Many real estate companies are looking to buy discounted properties, and a short sale agent can easily connect you with prospective buyers and enable you to sell the house quickly.
Another reason to hire an expert to help you is the fact that although the transaction looks like a typical real estate transaction, the entire process before the sale involves various complexities that could quickly overwhelm you. An expert will ensure the process is handled efficiently and correctly and that nothing goes wrong. Besides this, a short sale specialist can offer you many other benefits, from convincing your lending company to short sale and listing to the house quickly, to connecting you with real estate companies and motivate the buyers with a good price. They can also negotiate instead of you with the bank and get better sale terms.
The financial damage you can get from foreclosure can aspect every aspect of your life and lead to irreparable damage. It is in your best interest to hire an expert, sell your house short and avoid foreclosure. You must protect your family and ensure you are treated fairly as a homeowner. Although the whole process may be emotionally hard and stressful for you and your family, short sale it is the best way to protect your financial stability, and hiring a specialist is the best way to get efficient and fast results.