All Orlando Realtors Were not Created Equally
When it comes to doing an Orlando short sale, many things come into play. One of the most important aspects of this particular home selling process is the agent that you choose. Your real estate agent will be doing all of the negotiations for you with your bank as well as with the potential buyer; therefore, you have to trust your short sale agent. In order to trust your agent, you should know important things about them before turning the steering wheel over to them when it comes to selling your home. When picking an agent, it’s absolutely crucial that you do your research on that person.
The first thing you should do is research the agent’s background and area of expertise in Orlando Real Estate. The best way to research the company is to utilize online search engines. Simply type in the company or the agent’s name followed by “reviews.” Within seconds you should be able to find numerous reviews from previous clients that will help you to determine the reputation of the company in which your agent is associated.
Certified Distressed Property designation
As with anyone that you hire, you should take into consideration the agent’s real estate experiences. You can also ask the agent to provide you with references, which you can call to obtain detailed information from previous Short Sale clients. References can provide you with the best information about what to expect if you need to do a short sale on your house.
Also, make sure that you agent has their Certified Distressed Property Designation. Although this isn’t the most important thing that you should consider when hiring an agent, it certainly doesn’t hurt to hold this endorsement.
Ask About Getting Cash Back for Your Short Sale
There are many “Cash For Keys” type programs out there right now from organizations such as HAFA. We’ve gotten our clients anywhere from $3,000.00 to $20,000.00 back from the bank at closing. When interviewing a realtor, make sure that you ask about these programs and what the plan of attack will be before signing anything. If they don’t specialize in short sales, then chances are they’re not going to know what the latest laws and regulations are and what they’re able to qualify you for.
The problems start when a homeowner hires an agent to do their short sale and the agent either has very limited experience with short sales or none at all. Short sales are not easy and not all realtors have the skills, work ethic or experience required to be an expert short sale agent. When homeowners make the mistake of not hiring the right agent for the job, the result can be disastrous resulting in your home getting foreclosed on.
If you’re in the market for a real estate agent that specializes in doing short sales do your research and find out everything that you can about the agent before making your decision, you’ll be glad you did. Ask me anything, I’m here to help.
