Feed: Short Sale: Use An Investor To Close - AggScore: 11.2

Short Sale: Use An Investor To Close

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pReal Estate Update Short Sales Are Still Extremely Tough To Closep pWhy are they so toughThe obvious answer There are many factors involved.p pThings such asp ul liLocal market conditions High foreclosure rate and lack of buyersli liCondition of the property Is it attractive to buyers in the as is conditionli liBuyer fails to close Buyers often back outli liLender delays Drives away buyersli liMortgage insurance Lender may gain morewith foreclosureli ul pMany experienced Realtors would pin the 1 reason for short sale failure on the buyers failing to close. Most often its the result of two thingsp ol liBuyer found another property that closed before short sale approvalli liBuyer simply grows frustrated with the long process.li ol pIf you need to sell via a short sale what can you dop ul listrongEducate Buyersstrong Make sure the buyer understands that short sales are difficult to close.li listrongSet reasonable expectation with the buyerstrong Make sure the buyersunderstand there will be long delays.Short sales often take well over 4 months to close. This means over 4 months befoore they can move into the home..li listrongFind a short sale investorstrong A short sale investorcould be the type of knowledgeable buyer a seller needs to avoid foreclosure.li ul pOne of the best options for a homeowner is to find a short sale investor. An investor who understands the long process and will stay in the transaction until it closes.p pHaving a committed buyermay mean a lower sales price but is that really important to the distressed seller.p pIf the real estate investor completes the short sale, it will result in a faster financial recoverery for the distressed homeowner and less credit damage.p pstrongOne quick tip to find a real estate investor is just to use a search enginelike Yahoo or Google andsearch terms such asstrong a titleBoston Short Sale hrefhttpAllCountyShortSaleBuyers.comstrongBoston Short Salestrongastrong,strong a titleSacramento Short Sale hrefhttpdollarsforyourhome.comSacramento Short Salea ora titleNew Jersey Short Sale hrefhttpusshortsalebuyers.netNew Jersey Short Saleaand youmay find a good real estate investor who will put an offer on your short sale property.p pFor sellers considering an investor offer they should consider the benefit of closing the short sale faster vs the risk of finding a retail buyer who will stay in the transaction until final lender approvalp