Is a Realtor required for a short sale?
YES! There is almost a 100% chance you will need a Realtor for a short sale.
If you need to sell, but owe more than your home could sell for, you may be considering a short sale. In a short sale the property is sold for less than the mortgage balance, with the lenders agreement.
In virtually all short sales, your lender will require that a real estate agent is involved and that home was listed in MLS, available to the open market, and will require documentation proving such in order to get short sale approval.
Short sales are complex transactions requiring specialized expertise and are best handled by Realtors with plenty of experience in these types of transactions.
How does the Realtor get paid?
You may be wondering how real estate agents get paid in a short sale, since there are no proceeds. The good news is the commissions are covered in the sale!
How to find the right Realtor for your short sale:
Short sales can be daunting, and your best bet for a smooth transaction is to get just the right help! Very few Realtors actually understand the short sale process or have a lot of experience with them, so ask the right questions!
QUESTIons TO ASK!
Can you short sell your house to an investor?
YES YOU CAN! You can short sell your home to anyone you like, but you will still need a short sale real estate agent to facilitate the transaction.
It is also in your best interest to have someone to represent your best interests through the process. The investor is working on his behalf, not yours.
Not only do you need a short sale Realtor for your Jacksonville short sale, you will also want to spend the time to make sure you are working with the right one for the best odds of success!
Need help with your Jacksonville, FL short sale?
We've been specializing in short sales since 2008! We've helped hundreds move on from their underwater homes and we can help you!
Absolutely seamless process from start to finish! Do NOT hesitate... simply call Minna! Our decision to short sell was heart-wrenching and daunting to consider. However, after initial contact with Minna, we felt reassured and confident that our judgment was sound. Both Minna's and her team's knowledge and experience in this area is clear: they are thorough experts.We can't imagine having a better experience. Thank you Minna Reid!
Last Updated on September 13, 2022 by Minna Reid
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