5 Signs that You Need to Have a New Lakeland FL Short Sale Agent

5 Signs that You Need to Have a New Lakeland FL Short Sale Agent

 

Working with a good Lakeland FL short sale agent is key to having a successful short sale. When you work with the wrong agent, things are bound to go wrong along the way and it could only mean bad for you. So be careful with classifying whether or not an agent actually is a short sale expert or not. Here are a few signs to help you spot an agent who won’t be able to help you much with short sales:

1. If your agent has never done short sales in the past

Do not be the experiment. If you are going to enter the complex world of short sales, it is best to have someone who has actually walked that path in the past to hold your hand along the way. If your current agent has never done this in the past, both of you would most likely have a difficult time.

2. If your agent tells you he won’t personally handle the short sale or the negotiations

Short sales in Lakeland, just like in any other short sales, would require tons of negotiations and communications with lenders, seller, and seller’s agent. It’s a bad sign if your real estate agent tells you that you need to handle the negotiations.

3. If your agent doesn’t ask you about your financial situation

Your financial status is really important to get your short sale approved by the bank. Your agent, in your cooperation, would have to collect necessary documents to detail your financial situation. If your agent never asked you about your loans and such, then you have to think twice. You can always check out http://LakelandFL-ShortSaleAgent.com/ to find not just ideal homes abut also experienced short sale agents.

4. If your agent doesn’t let you in the details and processes in short sales

Buying or selling a Lakeland FL homes for sale is different when buying or selling a short sale home. Your agent should never assume that you already know the ins and outs of the whole process. Apart from you being proactive in asking question, the success of your communication would depend on how well your agent explains all short sale related processes to you.

5. If your agent suggests an impossible pricing plan for the home

Pricing is a very important part of a short sale. There should be enough basis on pricing. A comparison on sales of similar homes for the past few months, as well as the value of your home must be taken into account when pricing. If your agent suggests an incredibly high price, be alert and immediately ask for his basis. 

Be very cautious in choosing your Lakeland FL short sale agents. They will play a huge part in the whole process. You need someone with superior knowledge and vast experience on short sales to be sure that you will be successful. Do not hesitate to change to look for a new one if necessary.

Call me, Petra Norris, at (863) 619-6918 or send me an email at petra@petranorris.com if you’re looking for a Lakeland Florida real estate agent with superior local knowledge, experience, professionalism, integrity, and personal service to help you sell or buy short sales in Lakeland FL.

Petra Norris, REALTOR®…

Going The Extra Mile For You!

4 Common Short Sale Myths Debunked by Lakeland FL Short Sale Agents

4 Common Short Sale Myths Debunked by Lakeland FL Short Sale Agents

For some homeowners, a short sale might be the best possible option offered by Lakeland FL short sale agents. But others don’t agree immediately because of the many misconceptions surrounding this process. People fear what they don’t know, and tend to believe the first thing they hear. If you are considering a short sale, the following myths must be cleared out of your way to help you better decide.

Short sales are never successful

Contrary to this popular belief, there are many successful short sales every day. Distressed homeowners have benefited from short sales which has saved their homes from foreclosure. What’s for certain is that the process is more complex and it may take a longer time, but it is not impossible to achieve given the proper handling. Much of the short sale process has been discussed in our articles in http://LakelandFL-ShortSaleAgent.com/.

No buyer would be interested in a short sale

This is just not true. In fact there are some homebuyers who would rather go for short sales in Lakeland FL rather than the regular home for sale. This is because short sales and foreclosures are generally viewed as great deals since homes are most of the time sold in relatively lower prices than the actual value of the homes.

The bank would rather go for foreclose

Although foreclosure seem to look like the easier path, it isn’t true that banks would prefer this over short sales. Foreclosure will cost the bank a lot more with the foreclosure procedures. Moreover, their lost would be greater when compared with a short sale if foreclosure happens. So don’t think that banks will never approve your short sale. As long as the documentation is complete and a good offer is there, short sales would always be preferred.

The seller should be delayed in mortgage

You don’t necessarily have to be behind in your mortgage before you are considered for a short sale. The requirements for a short sale include a hardship letter which details your financial difficulty, insolvency, and a monthly income shortfall. So you may be able to pay your mortgage now but because there is a strong chance you can’t make your future payment, a short sale may still be for you. Talk to your Lakeland FL short sale agent at once for more information on how to qualify for a short sale.

It isn’t impossible to have a successful short sale, as long as you entrust your Lakeland FL homes for sale to an agent who has had years of experience in this field. Professional short sale agents will help you identify all the other myths about short sales just like the ones listed above.

Call me, Petra Norris, at (863) 619-6918 or send me an email at petra@petranorris.com if you’re looking for a Lakeland Florida real estate agent with superior local knowledge, experience, professionalism, integrity, and personal service to help you sell or buy short sales in Lakeland FL.

Petra Norris, REALTOR®…

Going The Extra Mile For You!