Real Estate Article: An experienced agent is the key to a quick short sale.
08/03/2007

Is your home in the pre-foreclosure stage? If so, you will probably want to look into making a quick sale. Many people never even consider this, but the fact of the matter is that it is a great idea. When you sell your home during pre-foreclosure, you at least have a chance to get something out of the deal. Although you will still have to make your payments, it is much better than having your home go into foreclosure. After all, when your home is repossessed by the lender you do not get anything out of the deal. So as you can see, if you have the opportunity to sell during pre-foreclosure, do it!

The only issue with selling quickly during pre-foreclosure is that it is fairly difficult task to accomplish. You need to remember that time is not on your side during this process. In other words, if you are going to sell during pre-foreclosure you cannot be picky. If you are, you may see your opportunity float away, and then your house will go next. This is not to say that you should give your home away for pennies, but you should consider every offer that comes in on it; this is especially true if you are not getting a lot of interested parties. In many cases, it is better to sell during pre-foreclosure for a huge loss than it is to wait for something better. As mentioned above, you only have so long to wait until pre-foreclosure is over and you have missed the boat.

If you are selling during pre-foreclosure you need to make sure that you disclose this to interested buyers. Although this may scare some people away, it should really not be an issue for the buyer. They are not dealing with the pre-foreclosure, and as long as their finances are secure, it should not be an issue. But with that in mind, it is always a good idea to be honest from the first conversation that you have with any possible buyer.

Being in the pre-foreclosure stage is not a fun time for any homeowner. But you can get the most out of this situation by selling your home before it is taken away. The first and foremost step in this process is hiring an experienced agent to aid you with your sale. When selling during the pre-foreclosure stage (short sale), you need to make sure that you sell at a price desirable to sellers and acceptable by the lender and complete the transaction process as quickly and efficiently as possible. You need to move forward fast and you consider every offer that comes across the table. In order to fulfill all those requirements, it is crucial to have an experienced local realtor working with you. After all, an knowledgeable realtor with a lot of selling experience will only help you work faster and more efficiently. Remember, anything you get is better than nothing and the best way to accomplish that is by hiring a good agent.

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