Why Is My Agent Trying To Talk Me Out Of Buying A Short Sale?

Hi! This is Nathan Olotoa from 59days2sold.com. Today I want to talk about Why Is My Agent Trying To Talk Me Out Of Buying A Short Sale?

Seattle,WA– The Stop Foreclosure Institute recently received a question from Tamra. She is buying a home and her agent is trying to talk her out of short sales.

Here is Tamra’s question. “I am looking to buy a home. Some of the best priced properties are short sales. However, my agent won’t show me these homes.

She keeps on telling me the prices are lower than the lender will accept and that short sale never close. What should I do? I am really interested in these homes, especially at the price they are being offered at.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here was my answer. Tamra, you should talk to your agent and see what they dislike about short sales. Your agent may have had a bad experience with short sales in the past.

Short sales are a great way to purchase a home at a good price. They are tougher and take a lot longer than your average real estate transaction.

However, that doesn’t mean you shouldn’t consider them. Just be cautious with your search. Make sure the agent who has the house for sale has prior short sale experience.

Your agent can ask them what short sales they have sold in the past. If they or the people working with them have a good track of working with the banks, then you should be ok.

emember, not every short sale is going to be approved at the listing price. But, if they banks feel the price is fair, then they will accept the offer.

So go look at some of those short sales. With a little luck one of them will be the perfect home that meets exactly what you are looking for.

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 asknate@kw.com. I will contact you for a free 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 253-310-1177

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Nathan Olotoa.

Nathan is a Real Estate Broker at Keller Williams-Tacoma. Short Sales Realtor:

Phone: 253-310-1177. asknate@kw.com.

Listed to Sold in 59 days or less

View My homes for sale at
59days2sold.com.

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Copyright 2010 SFI Marketing Institute, LLC. 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 Nathan Olotoa's personal views and do not reflect the views of Keller Williams-Tacoma.

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