If you are looking into the option of doing a short sale on your home you may be wondering exactly what you need to do and who you need to work with to complete the process. Many homeowners often wonder if they need a Tucson real estate agent to do a short sale or if they can complete one on their own. The answer to that question is yes, you do need to work with a Tucson real estate agent if you want to sell your home via short sale.
There are several different reasons why a Tucson real estate agent is required to list your home as a short sale. These types of transactions are very complicated; after all, if you are approved, the lender is forgiving you a significant amount of debt. With this comes legal ramifications, among other things, if a mistake is made. Your home will also be sold at a price that is comparable to other homes in the area. Your lender will get this information from your Tucson real estate agent so they can determine at what price to sell your home for. The bottom line is that there are so many intricacies to completing a short sale and so many different parties involved that lenders don’t want to work with homeowners on a regular basis. By working with a Tucson real estate agent that has experience with short sales they can ensure that everything is done properly and legally.
If you are looking for a Tucson real estate agent to help you with your short sale, be sure that you work with one that is experienced in the field. This will make the process much more efficient and help you get out from underneath your home much faster.