Raleigh NC – Most short sale negotiators are professional. They understand the seriousness of their jobs. They work hard to educate themselves on the industry and market trends.
They are friendly and fun to work with. This is one of the things I like about selling short sales for a living. The downside is that every once in a while a negotiator will get an attitude.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
For whatever reason they have decided to go on a power trip. They start asking for unnecessary paperwork. Or, they nitpick the paperwork you send to them.
Most agents just kowtow to the negotiator. They think that the negotiator has all of the power. I have found that isn’t true. The negotiator has very limited power.
After all, they don’t own the bank. They aren’t the one who will be losing money on the loan. The fact is most banks lose a substantial amount of money when they turn down a short sale.
As an example, a bank turned down a $ 190,000 offer on a short sale. The property sold about 18 months later. But, this time it didn’t sell for $ 190,000. It sold for $ 165,000.
Not only did that bank lose $ 25,000 on the sales price. They also paid the property taxes and insurance for that amount of time. In addition, they were unable to lend that money and earn interest.
I estimate they lost an additional $ 15,000 when you factor in the interest. That’s a $ 40,000 loss. When a short sale negotiator gets an attitude I simply remind them of this.
And I tell them I will be holding them accountable if they turn down the short sale and the bank loses more money as a result. Needless to say, they lose the attitude. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at ken@goldensrealty.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (919) 606-8751
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Raleigh loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Ken Smith.
Ken is a Real Estate Broker at Goldens Realty. Raleigh Short Sales Realtor:
Phone: (919) 606-8751. ken@goldensrealty.com.
Friendly, loyal, intelligent service!
View My homes for sale at www.GoldensRealty.com.
Ken Smith specializes in loan modification assistance and short sales in Raleigh North Carolina. Raleigh Loan Modification Help, Raleigh Short Sales. Raleigh Short Sale Realtor. Raleigh NC Short Sales. Raleigh Realtor.
Everyone’s Articles – The 919 Business Network – Local Business Networking
Comments
Powered by Facebook Comments