Lakeville MN Short Sales: Could The Realtor You Hire Kill Your Short Sale?
Lakeville MN – The biggest reason people Lakeville MN short sale is to avoid foreclosure. Homeowners cannot afford their home anymore and their bank has said they will foreclose soon.
If a short sale is not successful, then your lender will foreclose on the house. We at the Metropolitan Home Team have successfully closed 100+ short sales over the past 5 years.
We’ve made it our mission to know what we are doing. But, we see many Lakeville Minnesota agents who have no clue about short sales (the short sale process) or how listing short sales works.
This gives short sales a bad name. Many agents have been involved in short sales where the listing agent didn’t know what they were doing. The listing agent didn’t keep the buyer’s agent let alone the buyer informed on what is going on. The listing agent didn’t educate the buyer’s agent on the process and what to expect. This leaves a buyer who is stressed, confused and wondering, “Is this really how short sales work?”
Because of the listing agents lack of communication the short sale wasn’t successful and the buyer’s agent and their client wasted their time. In the future they are going to think twice before showing a short sale. This hurts other short sale sellers. This mean buyer’s agents will deter their buyer from looking at a short sale let alone actually writing an offer and waiting for 60-120 days to hear back from the bank.
It really gets on my nerves that people who don’t know what they are doing can ruin it for everyone else. If you are thinking about short selling your home, make sure you hire a competent, experienced short sale agent.
***A competent, experienced Lakeville MN short sale agent will be successful 80-90% of the time on all short sales they take on.***
Here are a few things that agent should avoid.
1. Submitting multiple offers to the short sale lender. Only the best offer should be submitted. A confused mind says NO. Most short sale negotiators have between 50 and 200 short sale files on their desk.
To ask them to weigh the benefits of 3 short sale offers on just one of those 50 files is probably more than their brain can handle. No, I’m not saying their brain is stupid.
It’s just that a human brain can only handle so much information before it stops working.
2. Realtors submitting incomplete paperwork to the short sale lender. There is a method to follow. Every good short sale realtor understands stacking order, and the importance of easy to read paperwork.
3. Submitting low offers to the lender. All this does is waste time. If a lender is not likely to accept the offer, then don’t waste 45-60 days negotiating it with them.
Get an offer at (or near) fair market value and submit that to the short sale lender. That helps avoid wasting everyone’s time.
Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at TimMurphy@MetropolitanHomeTeam.com. I will contact you for a Free No Cost, No Obligation Consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (952) 223-0999
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here
Thinking about a loan modification? Our Lakeville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to get your FREE Copy
Thanks for reading this, Tim Murphy.
Tim is a local Lakeville Mn real estate agent @ Re/Max Results.
Phone: (952) 223-0999.
P.S. Please feel free to call or e-mail me at anytime for a FREE No Cost, No Obligation Consultation. My goal is to help as many people as I can in 2011.
Get the tools you need for a successful loan modification by clicking here.
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
Tim Murphy, MN & WI Licensed Realtor
Metropolitan Home Team
RE/MAX RESULTS
Phone: 952.223.0999
Tim Murphy specializes in helping Lakeville Homeowners short sale and never pays the bank another penny. Lakeville Loan Modification Help, Lakeville Short Sales. Lakeville Short Sale Realtor, Lakeville Realtors, Lakeville Realty, Lakeville Realtor. Lakeville Short Sales, Rosemount Short Sale Realtor. Farmington Short Sales, Eagan Short Sale Realtor.
Copyright 2011 Murphy Inc. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
The views expressed here are Tim Murphy’s personal views and do not reflect the views of the Metropolitan Home Team or Re/Max Results. This information onLakeville MN Short Sales: Could The Realtor You Hire Kill Your Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.