Hi there, I’m Shawn Polston with TucsonShortSaleNegotiator.com, one of Tucson’s leading short sale teams. I wanted to talk to you today about Rancho Sahuarita and Sahuarita. Sahuarita is an area that is near and dear to me. We do a tremendous business in the Sahuarita area. At any given time we are handling 5-15 sales down there. We are very active in the area. One of the things I wanted to bring up if you are considering doing a short sale and you are in Rancho Sahuarita for example, please keep your HOA payments current if you can. Your HOA down there does not take kindly to not getting HOA payments. They will file lawsuits, they will file liens against the property and you will have additional problems in getting your short sale done.

The other thing is the transfer fees associated with your sale are pretty massive. In Rancho Sahuarita, if you are in that association, in most cases you are going to have a 1% community enhancement fee, a transfer fee, and a resale disclosure fee. If you are talking about a $150,000 house, it’s around another $2,000 in fees that go to the HOA. You may be wondering why this is important to you. Your short sale lender doesn’t care. I have yet to run into a short sale lender that thinks that for one second those fees are their problem and they aren’t going to pay them.

Here’s where that becomes big, your agent that is helping you with your short sale, and you really want to negotiate that from the buyer. A lot of times when we get offers the buyer is asking the seller to pay all these fees even though we are a short sale and usually in a short sale the seller is not getting anything out of this. I have yet to hear of a bank that will pay all those fees. So if you know of that situation, please let me know and you’ll be the one. What’s going to happen is a month later your bank is going to say yes they approved your short sale but they aren’t paying the fees. So now you are in a position where you go to the buyer and tell them you need the fees to come from them. Then they don’t have the money either.

One thing you want to get out of the way when you go under contract with the buyer, who is going to pay all these massive HOA fees associated with being in the Rancho Sahuarita area. Here’s a tip, get it from the buyer. Again, I’m Shawn Polston with TucsonShortSaleNegotiator.com, one of Tucson’s leading short sale teams and we are here to help. If you have any questions about short sales please give us a call today. Thanks and have a great day.

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