SHORT SALES WHY I WORK MY OWN FILES
Short sales I'm sure you may have read or even heard some of the horror stories out there about short sales and the time frame on why some short sales may take a year to complete and why some short sales may take two months to complete. And of course Im sure you have read or heard of all the documents required for the short sale process and sometimes it seems you are forever sending in the financial documents over and over again.
Well my thoughts on this as a Realtor, is to work your own short sale files, it is hard to control or even know what is going on with a file, when you have a 3rd party vendor working the short sale and at times may be unable to reach that 3rd party person.
Every short sale that I have done have all been different from start to finish and what I have learned is communication is the key factor, the communication is not just with the servicer but also the homeowner and then of course if there is a buyer and seeing that the buyers contingencies are not asking for the moon, again this is a short sale where there is no equity and in most cases no money for any repairs. So communication and having a realistic expectations will make a short sale more successful in closing.
I am accountable for my own actions and so this has worked in my favor as a short sale specialist in the Houston area. If you do work with a Realtor you want to know if they do their own in house negotiations with the banks and if not, what would be the cost for the 3rd party person who will be working your file, oh yes some one has to pay for their service, it may be the buyer who has to add this additiional fee in purchasing your home, and this may be a deal breaker to some buyers if they are needing to pay $$ to the negotiators company at closing.
The outside service of a 3rd party works for some folks but for me, I don't know if you want to call it being a control freak, but I have to know every step what is going on with my files, and I have also gained a relationship with the different servicers which has helped me when you hit that brick wall on some of these short sales. And you will hit that brick wall. I like to be able to update my homeowners on the short sale process at any given time they inquiry.
I am a short sale specialist working all of the Houston area also including FT Bend and Montgomery county.
Thanks for reading