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Many agents you talk to steer clear of short sales and with good reason. First off they didn’t teach this to my knowledge in real estate school and not all agents have taken the time to have extensive training on representing a buyer on a short sale much less listing a short sale home successfully. Furthermore there is typically much more time and paperwork involved.
A few tips for buyers and sellers.
Its typically going to get take a short sale at least 90 to 120 days to get fully negotiated. It doesn’t take a rocket scientist to figure out if your in a hurry to move this may not be for you.
The other thing I may do is have an agent represent you that specializes in listing short sales if you have the time to wait. They will know the nuances of the deal from the other side. Has the seller already sent in the required info for short sale approval? Has a “BPO or brokers price opinion” and or appraisal been ordered? Has the listing agent ever worked a short sale?
If you are in a position where you are upside down on your house and trying to figure out how you are going to sell it or you are pondering making an offer on a short sale property I would be glad to help you. I work the Tarrant county market but would also be happy to help you locate a qualified agent in your area.
office 817 299 1033, ask for David Dedwylder

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