Wednesday, March 5, 2008
Our Three Goals

I just sent off a lengthy response to a short sale question. As soon as I hit the send button I thought maybe this is something to put on the blog.
Here's what I wrote:
We're a little different in negotiating the short sale.We have a multi level approach that hits on several different levels.We have three main goals
- Close the deal
- Negotiate for 100% Forgiveness / No Restitution / No 1099
- Maintain the commission structure
All three of these are very important to us and to you.Surprisingly nobody else out there is doing this.Everyone wants the deal to close - yet nobody is taking the steps we are to insure that the lender accepts the offer.Instead we see so many taking a wait and see approach.100% Forgiveness / No Restitution / No 1099, means we are aggressively negotiating to get you out, but also to minimize the financial impact that can or may be imposed on you. Getting out is only half the battle. Deficiency Judgments, or having to pay taxes on the balance are fully negotiable, yet we see time and time again others taking a wait and see approach.You don't pay us. You don't pay the Agents either. Their commission comes from the proceeds of the sale and are part of the sellers net. Many short sales have reduced commissions. That means the Agents will earn less for their hard work. We've heard of some Agents that refuse to show their clients a short sale. It's important to your success that your home attracts the buyers it needs. To do that you want best insure the greatest number of viewers.
That's why commission is so important.
Labels: Short Sale Bargains, Short Sale Negotiation
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