Indeed, it’s true, anyone can actually do a short sale. But , the actual question for any REALTOR thinking about taking on this challenge is actually “Why would you want to? ” As a Realtor, surely chances are you’ve become aware of the amazing potential of pre-foreclosure exchanges in the current real estate market. With newspapers articles, internet blogs, as well as such heavy-hitters as CNN and CBS touting the advantages of short sales, it’s nearly impossible to look a day without hearing a few new claim about how in order to capitalize on this great chance. In fact , if you’re like most Realtors and Brokers, you’re getting hit daily with e-mails and flyers promoting one to 3 day “Seminars” that promise to teach you exactly how “anyone” can learn the actual “secrets” of doing a short sale.
Possibly you’ve even taken the particular bait and, like numerous other agents looking for an advantage, you’ve decided to shell out typically the hundreds and, in some cases, 1000s of dollars to learn the short sale company from a self-proclaimed “guru” Perhaps you have really sat down as well as considered “what is the come back on my investment for all the effort and time it takes to do a short sale? ” Or better yet, “am I truly growing my business or even am I just spinning the wheels? ” And perhaps most of all of all, “am I really probably the most qualified person to help our homeowners who need a short sale? ”
Let’s face it, the PROCESS of negotiating short selling is really quite simple on the surface, and when all goes well, “anyone” really can negotiate a short compensation with a lender. In fact , once you handle a few transactions, you may even get very good in negotiating a deal with the banking institutions. Yet, if you’ve attempted your hand at short sales, then you definitely know that, after all the elaborate promises of the guru’s disappear,that’s where the rubber meets the road and also that’s when you are left to be able to fend for yourself – fighting against a bureaucratic procedure that is different with each and every lender and which can turn out to be so frustrating that you just wish to quit.
If you’ve experienced it, then you know that often the Short Sale San Diego process can take a few months. You might question whether it is by design or ineptitude when the banks’ default along with loss mitigation departments appear to be toying with you: keeping a person and your homeowner stressed out in addition to jumping through hoops all the time. Did your paperwork obtainlost? (aagh! ) Had been your phone calls not came back? (how rude! ) Do they find your documents (hooray! ), only to become lose it again (oh absolutely no!). Yes, the list goes on and, and if you’ve tried your odds at short sales,then it may be likely you have a few “war stories” of your own! Surely you have experienced the unpleasantness associated with when your homeowner becomes disappointed with the process – therefore causing you, the agent, much more stress. Hopefully, you have NOT REALLY been a party to the most severe of cases- where the agent may be sued through the homeowner if the process does notwork out despite your best efforts!