This opinion may have either a positive or negative result on the outcome of your short sale. First of all, as I stated earlier, it is “just and opinion” put forth by an agent. Hopefully, your agent is very familiar with the current market values of the homes in your area, and fully understands the entire scope of your short sale. On the other hand, you may find yourself with an agent that may not be so knowledgable in this area, and their opinion of the price of your home may cause more harm than good in this situation. In order to be a BPO Agent all that is required is that you simply put your name on a list. The only license or credential that is required is a Real Estate License – something all Real Estate Agents must have anyhow.
OVER Worrying a.k.a “bugaboo!” – Now I say this lastly and lightly: Becoming a “worry wart” will only hinder the forward progress. I wouldn’t say you shouldn’t worry about your home; that would be absurd. However, whomever you choose to be your realtor must have time to negotiate and do other components of our jobs. Please, be respectful of time. If updates are not being given at the specified time, ask for them and be firm. You deserve to have them! But, as with everything in this process, you own the property. You are the driving force. Check in with your negotiator regularly and, if they aren’t keeping you updated, be firm and ask them to communicate more with you. This process requires patience and assertiveness, all in the right doses.
Considering a short sale call Jennifer (916)230-3880. For 11 more potential short sale pitfalls get your FREE REPORT, SELLERS BEWARE at http://JenKlein.com Concerned about the long term effects of your credit health? Ask about a free credit consult with http://creditfixed.com.
Often a seller is not fully briefed on the expectations and process of a Sacramento Short Sale. There are items within the sale of the home that must be maintained throughout the selling process. The structure and living space should be kept up and the seller’s expectations must be stated clearly upfront. Some things to consider include: payment of utilities, showing instructions, BPO schedules, and necessary documentation. Any warranty information should also be kept with the home. If there’s a leak in the roof during an inspection you can call for the repair at no cost to anyone, but only if the warranty information is available. If you, as the seller, decide to leave the home property vacant, you are still responsible for the home and you still must show up to the signing… it is still your responsibility.
All too often sellers think, “It’s not mine anymore, I don’t have to take care of It!” Deals are lost for neglect and outright vandalism of homes. The process can take 3 to 6 months from start to finish and the buyer expects to take ownership of the property in the same condition as when the offer was written. As the deal comes to a close, it is the buyer’s decision to accept the property in its current condition or not. Typically after six months the buyer is so anxious to take possession that they usually take it regardless of some changes in the state of the property. BUT, IT’S THEIR CHOICE! The short sale is not completed until the property is on record.
To find out, call Jennifer 916.230.3880. For 11 more potential short sale pitfalls get your FREE REPORT, SELLERS BEWARE at http://JenKlein.com