Make Sure that your Buyer Agent
is on board with the short sale process.
- Some agents in the Boise area don’t have the patience for short sales given the 4 week to 4 month time frame.
-It is reasonable to expect your agent be willing to do the following items to qualify the short sale property(s) that you are interested in:
*Check on the listing agent – how many short sales they have done in the last year or so and what their close ratio is – in other words how many does the listing agent close out of those that they take on as short sales. This can be a pretty good bearing on the odds of the success of the short sale.
*Check on how many loans there are on the property, what type of loans are on the property, who is the Servicer (short sale lender)
*Check on how the Seller will be dealing with multiple offers – will one be sent to the bank and others be held as backup offers, will all offers be sent to the bank?
All of these items will help you as a buyer qualify a prospective short sale property and decide what property is worth your time.
Kasey Boles, Managing Broker
REALTOR®, CRS, ABR, ePRO, SRS, SFR, GRI
John Boles / 208.830.6185 / firstname.lastname@example.org
James Gannon / 208.570.4048 / email@example.com
Kasey Boles / 208.830.6186 / firstname.lastname@example.org
Boise, Idaho Real Estate
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