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A Buyer's Quick Guide to Short Sales - Part 3 of 5

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.

 

A Buyer's Quick Guide to Short Sales - Part 1 of 5

A Buyer's Quick Guide to Short Sales - Part 2 of 5

Kasey Boles

Managing Broker, Jon Gosche Real Estate, LLC

BoiseMeridianRealEstate.com

REALTOR®, CRS, ABR, ePRO, SFR, GRI

Owner/Editor, Boles Editing & Proofreading

bolesediting.com

 

John Boles / 208.830.6185 / johnboles@boiserealtystore.com

James Gannon / 208.570.4048 / james@boiserealtystore.com

Kasey Boles 208.830.6186 / kaseyboles@boiserealtystore.com

 

Boise, Idaho Real Estate

Search Like An Agent at BoiseMeridanRealEstate.com

 

 

This is not intended as solicitation if you are in contract with another real estate agent. 

Equal Housing Opportunity.  

 

          

 

  

 

 

 

 

Comment balloon 3 commentsKasey & John Boles • March 28 2011 12:38AM
A Buyer's Quick Guide to Short Sales - Part 3 of 5
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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… more
A Buyer's Quick Guide to Short Sales - Part 2 of 5
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A Buyer's Quick Guide to Short Sales - Part 1 of 5
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