If you are considering a short sale on your home, you may have already been in contact with your Tucson realtor about getting the process started. We want to caution you, though, to be aware of whether or not they have an adequate amount of short sale experience. Many homeowners don’t realize that the process of completing a short sale is completely different than a traditional real estate transaction. Because of this, you need to ensure that your Tucson realtor has short sale experience and knows how to navigate the sometimes tricky waters of the short sale world.
While we don’t mean to deter you away from your current Tucson realtor, we’d like to help you understand that using an experienced real estate agent for your short sale transaction can actually make the difference when it comes to getting approved for your sale. One of the most important pieces of the short sale process is the short sale package that’s submitted to your lender. Is your Tucson realtor familiar and up-to-date on all the documents that your lender requires for this? Are they going to be able to help you write your hardship letter as well as have easy access to all lender-specific forms that you need? Also, if your short sale is at a stalemate, is your Tucson realtor going to know who to call to get the ball rolling again or are they just going to let your paperwork sit there, causing your transaction to take even longer than necessary and possibly jeopardizing the sale?
These are all important things to consider when working with a Tucson realtor on your short sale. Completing a short sale is completely different than a traditional real estate transaction, so just be sure that whomever you decide to work with has an adequate amount of experience rather than little to no experience. It’s worth the time and effort in the beginning to make sure that your short sale is going to be a success in the end.