A short sale is the industry term used to describe a quick real estate transaction. Short sales are the preferred way to sell for people who unfortunately owe more to their mortgage lender than their property is worth.
Doing a short sale might be the only way for struggling borrowers to avoid foreclosure. A short sale though is not the easiest of things to go through.
There are many downsides and the whole process is generally hectic and unnerving. Short sales on the other hand can be very helpful when done properly and timely. One of the biggest challenges associated with short selling is having to convince the mortgage lender that the property can be sold for less than the mortgage balance.
If you are willing to undergo the short sale, you will need some serious help so choose the right agent, choose an agent that is well experienced in short sales and knows what they are doing.
Many agents would say they know short sales inside out and have concluded thousands of such deals, but a short interview with the agent and you asking the right questions will bring about the truth. Ask the agent to explain to you how they intend to conduct the short sale, also ask them to talk some more about prior such deals they have concluded and their clients.
If you are wondering whether or not to choose that particular agent, keep them on ice and take the information you gathered to another professional and ask them to do the same, this would be a good way to see the flaws in planning if there are such and compare the two options you are faced with.Doing your little bit to help the sale might make it even shorter – good news for you.
Keep the place clean during the sale period as short as it may be. It might be a good idea to bring a team of cleaners in Battersea to service the place once a week, the guys can handle all types of house cleaning Maida Hill is serviced during the entire week.