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Tucson Short Sale Specialist Discusses how to Buy a Short Sale

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Hi there, I’m Shawn Polston with TucsonShortSale.com and Keller Williams Southern Arizona. I wanted to talk to you today about the flip side or the buyer’s side of a short sale. It’s not uncommon; we actually have buyers come to us because we have the knowledge of the listing side of a short sale. They are usually curious about how to buy a short sale. One of the biggest things about buying a short sale is the knowledge the listing agent has and there is also the knowledge the buyer’s agent has. If you have a buyer’s agent that doesn’t really understand these transactions at a decent level, the odds of you successfully purchasing a short sale go way down because they aren’t going to understand all the nuances that go along with these transactions. They are also not going to understand the timeframes. A typical short sale, if you’re lucky you are going to close in 60 days. Most likely it’s 90 to 120 days, and in some cases it’s actually more when the buyer’s agent gets updates from the listing agent.

One of the biggest things about buying a short sale is the house. Are you ready to commit to this house and stick it out? The other part of your buyer’s agent knowledge is when they receive updates from the listing agent which by the way should be once a week or less. With an agent like me, when I’m handling a buyer on a short sale and the listing agent is telling me something that doesn’t add up, especially when the lender gets involved, I’m quick at figuring that out and letting the buyer know about it and tell them maybe we need to look at another property. It’s very important to have someone exclusively representing you in the purchase of a home. One of our first steps with our buyer’s plans is we sit down and talk about the different transactions and time frames involved. If you are looking to buy a house and you are wondering how to buy a short sale, fill out our short sale request form and we’ll get back to you. I have a team of professionals on my staff and that’s all they do is helping buyers out and helping buyers find the right house. We can provide you the best level of service out there. Thanks and I hope you are having a great day.

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