Selling Short Sale
Selling Short sale
More and more people are finding they need to sell their homes for less than they owe on the mortgages, known as a “short sale”. With so many people going into foreclosure due to the economy and poor lending practices these days, sellingshort sale is quite an intelligent move. It is also faster, cheaper and easier than a foreclosure (not to mention less embarrassing and stressful!).
Basic steps to selling short sale on your home
The longer a seller's home is on the market, the less attractive the home becomes to buyers. The best home selling tricks are to price it right, prepare it for sale, hire the best listing agent and attract that excited home buyer who will offer best deal that very time.
Home pricing: - One of the most important aspects of short sales is to know the true value of a home. Pricing a home is main weapon which is combination of market analysis of the area and your property. You do not want to overprice your home or try to “test the market”.
Be upfront with professional: - Your real estate short sale agent will be able to deal and negotiate with the mortgage company on your behalf. An experienced short sale agent will give you a much better chance of successfully short sale selling your home.
Marketing and Showing: - Effective marketing is more than sticking a sign in the yard. Successful sellers utilize dozens of marketing techniques to draw the largest pool of buyers. In seller's markets, good marketing can bring higher prices and, in buyers markets. Most home buyers begin a home search online, so good photos are essential. Listings without a photo or with only an exterior shot are often passed over and ignored.
Negotiation Strategies: - Sellers and buyers are like magnet poles we know same poles repel so that way buyers want to pay as little as possible and sellers want full-price offers. Always give counter offer. You don't have to accept the buyer's offer, and if it is too low, always counter; don't walk away. Sometimes buyers want to test.
Before buyer home Inspection: - Almost every home buyer will get a home inspection before committing to buy short sale. You can help the process move more smoothly by preparing for the home inspector and making minor repairs beforehand. No home is perfect, not even new homes; however, buyers may offer less for a home if major defects are discovered.
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Other Helpful Resources:
1. Short Sale Guide
2. Property Short Sale Guide
3. Short Sale & Credit Score
Basic steps to selling short sale on your home
The longer a seller's home is on the market, the less attractive the home becomes to buyers. The best home selling tricks are to price it right, prepare it for sale, hire the best listing agent and attract that excited home buyer who will offer best deal that very time.
Home pricing: - One of the most important aspects of short sales is to know the true value of a home. Pricing a home is main weapon which is combination of market analysis of the area and your property. You do not want to overprice your home or try to “test the market”.
Be upfront with professional: - Your real estate short sale agent will be able to deal and negotiate with the mortgage company on your behalf. An experienced short sale agent will give you a much better chance of successfully short sale selling your home.
Marketing and Showing: - Effective marketing is more than sticking a sign in the yard. Successful sellers utilize dozens of marketing techniques to draw the largest pool of buyers. In seller's markets, good marketing can bring higher prices and, in buyers markets. Most home buyers begin a home search online, so good photos are essential. Listings without a photo or with only an exterior shot are often passed over and ignored.
Negotiation Strategies: - Sellers and buyers are like magnet poles we know same poles repel so that way buyers want to pay as little as possible and sellers want full-price offers. Always give counter offer. You don't have to accept the buyer's offer, and if it is too low, always counter; don't walk away. Sometimes buyers want to test.
Before buyer home Inspection: - Almost every home buyer will get a home inspection before committing to buy short sale. You can help the process move more smoothly by preparing for the home inspector and making minor repairs beforehand. No home is perfect, not even new homes; however, buyers may offer less for a home if major defects are discovered.
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Other Helpful Resources:
1. Short Sale Guide
2. Property Short Sale Guide
3. Short Sale & Credit Score
