We had an agent call to show one of our short sale listings and her interview for us went waaaay beyond 20 questions...more like 120...and after all...both she and her buyer had been reading about short sales and they knew all the questions to ask....OR they thought they did.
How the seller became
Not your busiines Ms Selling agent...and not relavant to the transaction...
What You should be concerned with is What is the experience of the listing agent ? Do NOT list a short sale with an agent who has not not had successful short sale experience.
We see it in MLS...we see it on Active Rain...we read it on Trulia...agents who take Short Sale listings and complain that months later...they can't contact the bank...that "every short sale listing they had went into foreclosure"....oh golly gee whiz...now there's something to brag/blog about to the immediate world !
If as a homeowner, you are uʍop ǝpısdn on your mortgage
If as a buyer, you are buying a short sale
If as an agent, you are representing a buyer in a short sale
Ask the agent what kind of training and Beyond that..documented recent.successful experience she/he has had with short sales. How many...what percentage closed...those that may not have closed...why not ?
If you get stuttering...stammering...no MLS printout sent to your e-mail...no offer for references...RUN...RUN to the nearest most qualified realtor for short sales...if You need help finding one anywhere in the country..we are part of multiple networks and are happy to direct you to a realtor who can help you.
Know the truth....know who can help you by what they have done successfully...it's the most important part of proving their expertise !
Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS
Why they are uʍop ǝpısdn is not any business of the prospective buyer. That is personal. Of course here it is obvious. - Love the font!
Isn't it cool...now that WAS an experiment !
Sally and David, Article 11 of the NAR Code of Ethics was written for a reason. Agents should not work outside of their area of competence. Working short sales is a good example. I run into this all the time with commercial real estate. Agents who try to do business in areas they know nothing about. Thanks.
Hi Sally:
Short sales are definitely not for everyone...no less for the clueless!
It becomes evident quite fast if someone doesn't know what they are doing. Just because they are professional doesn't mean they are proficient.
Good points eceryone...gee Michael..wish more common sense and less ego was involved in this biz...or greater repercussion for being clueless..
There are agents in my market as well that are taking on short sales and don't know the 1st thing about them. You would think that a seller who is on the doorstep of foreclosure would do their homework!
You would also think, hope, wish that a broker/manager would want to safeguard the reputation of the brokerage as well as the liability...you would think...
Thank you. I run into this all the time. The banks ask me to list properties for homeowners as short sales...what does that tell you...and yet time and again, I run into people, agents, homeowners and prospective buyers who haven't a clue. If you don't know, go to an expert. Don't ask a manicurist to do a heart bypass. I loved the upside down!!!
Good thought.....know what you know...do what u do..don't do do what you don't know !
Sometimes people do brag about the wrong things -- LOL.
What should one do if, say, one is a Realtor with no short sale experience and has a Buyer who wants to buy a short sale, but the short sale agent also has no experience, perhaps even a newbie Realtor? Walk away from that property?
Hmmm. That might be good blog material for you.
Thanks Russel...I was running short :) on blog material....