Six Things to Ask A Phoenix Homes Realtor Before Pursuing A Short Sale Purchase
You should ask these questions of new or vet agents. Just because someone has been in real estate for over 10 and years does not mean they're experienced nor proficient at handling short sales.
If you're considering buying a short sale, your Phoenix homesRealtor should be educated and experienced with short sales in order for it to be a smooth and successful exchange. He/She should be able to simply explain the way the short sale process works in Phoenix and be in a position to explain and set expectancies property so every is in the club and prepared.
6 Questions to Ask Your Agent
1. How many short sales have you handled and closed? This is important to know. On the one hand putting in offers for short sales is a guide, but actually taking them to closing and going through the entire process is more important, that's what builds experiences and actual hands on know how.
1. Have you taken in depth educational classes about short sales? Education is significant. It's a stepping stone, but only a secondary indicator. It's way better to have a person that has done is many times successfully then someone who took 1 or 2 classes. More so because the short sale process is ever evolving and what you learn in class is often superseded by the point you get out and actually get a transaction going.
1. How do you plan on keeping up to date with the listing agent while we wait for a response? Some agents write this into the short sale addendum, only some, but it’s important to keep current and keep others responsible for the steps critical to basically close a Phoenix short sale.
1. How frequently am I likely to get an update from you? This is related to no. 3 above. It's crucial to set expectancies on updates so at the very least you know when to expect them and not wait anxiously for an e-mail of telephone call.
1. Do you interview the listing agent before writing an offer on the short sale? This is a brilliant question. Regardless of how good your agent is the listing agent who doesn't know how to handle a short sale can detail the entire exchange.
1. What are you able to let me know about the short sale? What do you need to understand about short sales. Let the agent tell you what you want to understand.
A successful Phoenix short sale purchase is about awareness of how the process works and about having practical expectancies and holding folk accountable.
inPhoenix Realty Group is a collection of experienced Realtors working to help buyers and sellers with the Phoenix real estate process including Phoenix short sale services for sellers and home buyers.
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