Finding the Right Short Sale Agent for Help

If you have decided to short sell your home, it is critical to take the time to find the best real estate agent to give you short sale help. An agent experienced in distressed property sales will make all the difference getting your lender to approve your request in the first place as well as successfully negotiating with your lender for the forgiveness of any outstanding debt. Three important qualities to look for in a real estate who negotiates shorts sale are:
experience in debt settlement negotiations
high success rate in closed distressed property sales
a personal interest in seeing the job completed
First, experience is a top factor when you are looking for short sale help. You shouldn’t hire just any real estate agent for a short sale. There are many certifications that real estate agents can obtain, but you want to make sure you are hiring someone who has actually handled plenty of short sales, instead of just sitting in a class or taking a test. Preferably, you want to find an agent who has experience in your local area and has handled short sales with a number of large lenders. Stick to working with agents who have closed over fifty transactions and five in the last six months. This will tell you if your agent is aware of the constant changes in guidelines when it comes to selling a home.Next, you want to verify that your agent has a successful record. You should find out not just how many short sales the agent has been involved in, but also out of how many clients with whom they have worked, how many actually sold their home? A good percentage is 90% or higher. If you can find an agent who is recommended by other agents or who can produce testimonials from past clients, you can rest assured that your short sale is in good hands. Once again, it is important to remember that quality of the help that you find will significantly affect your life after the sale.Finally, you will have a better experience and outcome if you find an agent who truly cares about this field of real estate and about helping people. A short sale can be time-consuming and involve more work than a regular sale, since the lender is also involved in the process, so it’s critical that your agent isn’t solely doing the work for profit. An agent who personally cares about helping you through the process will be more available, more helpful in answering your questions, and ultimately more effective in getting the best deal for you.A short sale will have many future impacts, like affecting your credit rating and preventing you from buying another home for a few years. Therefore, if you are planning to sell your home short, it’s important to offset these drawbacks by finding the best available help and making sure you get the most that you can out of the process. You’ll be in good hands if you find an agent with a legitimate background in the field, proven success, and a genuine interest in getting clients the best deal.