At a real estate short sale, lenders allow borrowers to sell their home to less than the remaining mortgage balance. Short sales offer you many different advantages for buyers and sellers ; however, the procedure can be complicated and expensive if it’s not executed with ability. Before you think about selling or buying a home via short sale, be sure to educate yourself concerning the short sale process, in addition to its advantages and disadvantages.
Meet to talk about the short sale procedure. Real estate agents can get specialized training during the Short Sales and Foreclosure Resource application referenced under. This site provides a link to allow you to hunt online for an realtor in your area who has been certified through this program.
Visit the local housing agency to obtain details regarding short sales. This step is particularly relevant for homeowners who are thinking about selling their home via short sale. An in-house home counselor will have the ability to direct you through the short sale process and maximize profit on your home.
Attend seminars and workshops on sales. Check at local financing companies, real estate schools and housing offices for classes that are applicable. Take an online course if you can not find a workshop in your area. Online webinars for real estate agents, investors, and homebuyers provide a convenient, affordable way to explore and understand the short sale procedure.
Continue research of the short sale process with reading materials from bookstore or library, check the online resource”Field Guide to Short Sales,” which offers a variety of links for homeowners, sellers and real estate representatives and investors.