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Charlotte short sales are a lengthy and complicated process that can overwhelm sellers, especially those who are new to the short sale process.
An experienced Charlotte short sale agent will have a deep understanding of the process and help the seller move along the process smoothly until a successful closing.
If your home is underwater and you are thinking of a Charlotte short sale as an option, the advantages of hiring a Charlotte short sale agent are:
Unlike in a traditional sale, you would have to deal with more than just one party during a Charlotte short sale. One of these (and the biggest one) is your lender. Lenders are very difficult to deal with when it comes to short sales since they don’t want to accept even more of a loss.
Sometimes the lender will misplace your documents, or miscommunication could happen which could delay the entire process. With a skilled Charlotte short sale agent helping you, you won’t have to spend hours on the phone waiting for answers or deal with re-sending paperwork.
You may have a little understanding of how the short sale process works but highly experienced Charlotte short sale agents will know the complexities and the possible roadblocks of the entire process. Your Charlotte short sale agent will help you identify and overcome each potential setback and help you reach a win-win negotiation with the lender.
Make sure you are working with a reputable Charlotte short sale agent who has had experience in closing Charlotte short sales successfully. The success of your short sale greatly rests on the shoulders of your Charlotte short sale agent, so choose wisely!
Nancy Braun is an established Charlotte short sale agent who understands the short sale process and is very proficient at working with all of the banks on your behalf.
Call Nancy Braun today, don’t hesitate! Call her directly at 704-325-4955 or send an email at email@example.com
Just as you wouldn’t put your life in the hands of a first-time surgeon, you shouldn’t also hire an inexperienced agent to sell you Charlotte short sale. Ask the agent how many short sales they have closed. Classes and certifications are not enough in handling the complicated process of short sales. An agent needs experience in selling, negotiating, and closing short sales for your own deal to be successful.
Don’t fall into the trap of being too anxious to walk away from your mortgage payments that you don’t think about what the consequences of a short sale are. Laws differ with every state and some states allow lenders to go after the balance left on the loan of a short sale, or deficiency, once a short sale deal is closed. If this is the case, the borrower should find out if the lender will agree to waive the deficiency. This needs to be clearly discussed with the lender and formally documented so the borrower wouldn’t get any surprises after the Charlotte short sale. One way to avoid a deficiency judgment is to do the Charlotte short sale through the HAFA program. Lenders who approve Charlotte short sales through the HAFA program are required to release the borrower from any deficiencies. But take note that lenders are not required to approve short sales done through HAFA.
In case the lender runs releases a deficiency judgment and asks you to pay for the shorted difference, you can negotiate for them to waiver. Lenders seldom refuse to negotiate a settlement. Some lenders may ask the borrower to sign a promissory note to pay at least a minimum amount of the balance. There is a cost for asking for a deficiency to be waived but it is usually very small. An experienced Charlotte short sale agent can help you in negotiating with the bank and advise you what to expect. If you don’t understand the contract or the potential consequences of a Charlotte short sale, consult a real estate lawyer.
Even if you are planning to do a Charlotte short sale, you still have to be current in paying your HOA dues. Unpaid HOA fees can be a deal-breaker. In a traditional sale, the seller or the bank pays any past dues to the HOA at closing so the buyer can get a clear title of the home. Paying HOA fees also ensures that your home will be maintained, your grass will be cut, and the power will be on. You don’t want your Charlotte short sale home to look like an abandoned foreclosure.
If you are considering Foreclosure please call our Short Sale Team today to find out what your options are. 704.325.4955
If you are struggling to pay your mortgage for your Charlotte home, consider the following reasons why a Charlotte short sale may be your best option:
The entire short sale process can be an overwhelming task and it will be helpful if you work with an experienced Charlotte short sale agent.
So there you have it, the 5 reasons to do a Charlotte Short Sale. Call me now let’s discuss your next short sale. Nancy Braun: 704-325-4955 or send an email at firstname.lastname@example.org
Visit us online at www.showcaserealty.net
Some Charlotte short sales are prices too high, some are too low, but short sales that sell quickly are those that are priced just right. Since short sales are different from traditional real estate sales, remember that your price must be attractive not just to the buyer but to the other parties involved as well such as the short sale bank, the buyer’s agent, and the buyer’s lender. It may seem impossible to please all these parties, but it has certainly been done many times. There is an art to pricing short sales. You have to work with a seasoned Charlotte short sale agent in order to do this.
Before working with a Charlotte short sale agent, make sure you ask the agent how many short sales he or she has closed in the past, apart from those he or she has listed. If most of the Charlotte short sale agent’s listings have been on the market for more than 90 days without receiving offers, then something is wrong with the agent. Most successful Charlotte short sales agents have at least 2 years of experience in negotiating with short sale banks. Ask the 4 questions you should ask your Charlotte short sale agent, which you can read about more in one of my articles.
Some short sale agents falsely believe that price alone will attract buyers, and they persuade the seller to price the short sale at a ridiculously low amount, then when this is done, they refuse to market the home adequately. This is a wrong practice and if your agent asks you to do this, better look for another agent.
Charlotte short sales should be treated the same way as traditional sales and should be marketed properly. Your Charlotte short sale agent must be expose your short sale home to the widest pool of buyers possible, which involves posting it on major websites, MLS, direct mail marketing, and networking.
Some buyer’s agents skip homes that require appointments prior to showing. If a buyer’s agent calls to ask for a showing, your response should be “We’re ready! Come on over!” Charlotte short sale listings that have too many showing restrictions such as “No showings on Sunday,” etc. may never get offers at all.
Submitting a Charlotte short sale listing to the MLS with only one photo, or worse, no photo at all, is like pushing buyers away from your home. A short sale listing with inadequate or missing photos sends a message that the seller doesn’t really care if the Charlotte short sale home sells or not. Some websites drop listings without photos to the bottom.
Charlotte short sales will sell quickly if the home is staged. Sellers of short sales must keep the property in good condition. Buyers may not see past all the clutter and mess during showing and it may also be a signal to them that once they buy the home, the sellers may trash the home upon leaving it.
Charlotte short sellers must submit all required documents to the short sale bank on time. If the package is incomplete, the bank will not process the short sale and will delay the entire transaction. If the seller refuses to submit required financial information or does not submit a hardship letter, then the short sale will not be processed.
Avoid these common mistakes that sellers make so your Charlotte short sale will sell in the soonest possible time.
Need help? Call me and let’s to make sure that you won’t commit these mistakes. Nancy Braun, 704-325-4955 or send an email at email@example.com
Visit us online at www.showcaserealty.net