While a Tucson short sale can be a worthwhile investment, you do go into the process with many different factors that would exist in a normal contract. With this in mind it stands to reason that you would deal with a Tucson short sale differently. Read on for some important tips when it comes to working with short sale negotiations.
First, check the facts yourself. Don’t trust someone else’s opinion of what the house is worth. Get your own facts so that you can back up your offer with information you know to be correct.
Second, make sure the information is current. A Tucson short sale may stay on the market for a long time, and during that time the market can fluctuate. What does that mean for you? It means that the value of the home is going to change over time, and the estimated home value that is offered by the bank may be incorrect by thousands of dollars.
Third, get an inspection. Because a Tucson short sale is on the market for such a long period of time there can be issues that come up simply because the home has been sitting. The bank may conduct an inspection of the property, but you before you submit any paperwork you want to make sure that you conduct a current inspection so that the current value of the home can be established.
Finally, trust your Realtor. To work with a Tucson short sale you are required to work with a Realtor. They are the only people that are authorized to work with the bank to submit and offer. A Realtor that specializes in short sales can help you submit an offer that is more likely to be accepted. They can help you fill out all of the necessary paperwork. Even if you could work through the Tucson short sale process without a Realtor you wouldn’t want to. He or she will be a powerful advocate for you.
