Orlando is one of the prime destinations for home seekers in Florida and attracts home buyers from all over the country. It has very hot real estate market right now. If you are looking to buy or sell a home in Orlando, you will be helped a great deal by the services of a top brokerage like Orlando Realty Consultants. They have been in the business for a very long time now and have gained a lot of experience. Being a full service brokerage, they provide a range of services to their customers.
Orlando Short Sales
A Short sale is a situation when a home needs to be sold for less than full payoff of the mortgage note. This can happen due to a number of reasons, which mostly include some kind of financial hardship. In the case of a short sale, it is best to enlist the help of a short sale realtor. This is a real estate agent that specializes in doing nothing but short sales which means that they are very experienced in the short sale arena. They have the resources needed to get the short sale done and usually have a buyer lined up to buy the house as soon as the short sale is approved.
The end result of the short sale is that the buyer gets the house at a discounted price while the seller is able to sell his house and avoid having a foreclosure on his or her record.
Short sale negotiation
The negotiation of a short sale of a home can be a long and arduous process. It involves a lot of legal as well as paper work. It can get very complicated for someone to do it themselves and is best to take the advice of an expert. Even if a seller wants to do their own short sale, they would still need to have a licensed real estate agent list the property for them as part of the bank’s criteria. Short sale negotiators provide all the necessary advice and bring know how as well as the experience to these situations.
Depending on the actual situation at hand and the condition of the house, the short sale can typically be completed in a few months. Experienced short sale realtors do their best to finish it as soon as possible. They try their best to uphold the interest of the seller. However, in certain cases, delays might occur because of several reasons such as a clouded title or renovations needed to make the house habitable.