Top 10 Reasons Why You Should Not Do A Naperville Short Sale By Yourself
Doing a Naperville short sale by yourself is not
a good idea at all!
In the complex world of short sale, the best
thing you can do to have a successful short sale is to hire an experienced
and qualified Naperville short sale agent.
Here are the top 10 reasons why you should never
attempt an FSBO (for sale by owner) short sale:
1. Do you have an idea
how to properly price your Naperville short sale property at a price that the
lender will still approve? Do you know how to do a comparative market analysis in
order to substantiate the price of your short sale property?
2. Do you know how to effectively market your home to the widest pool of potential buyers possible? An experienced Naperville short sale agent will have the skills, tools, and connections to do all this for you. Naperville short sale agents have access to various marketing platforms where your short sale property could be listed and exposed to not just buyers, but buyer’s agents too. Do you have the time and skill to create effective marketing and promotion that will highlight your home’s assets?
2. Do you know how to effectively market your home to the widest pool of potential buyers possible? An experienced Naperville short sale agent will have the skills, tools, and connections to do all this for you. Naperville short sale agents have access to various marketing platforms where your short sale property could be listed and exposed to not just buyers, but buyer’s agents too. Do you have the time and skill to create effective marketing and promotion that will highlight your home’s assets?
3. Is your schedule
flexible for home showings? Buyers won’t work around your schedule. If you have too
many showing restrictions, buyers will be quickly turned off and move on to the
next available home for sale. If you hire a Naperville short sale agent, he or
she will always be available to show your home to potential buyers.
4. Do you understand the
entire short sale process? Short sales are very complicated and canbe confusing for a
first-timer-- with all the parties and paperwork involved. Save yourself the
time and stress of studying the ins and outs of short sales by tapping into the
expertise and knowledge of an experienced Naperville short sale agent.
5. Do you know how to
qualify buyers?
Can you tell if they are serious and committed enough to buy your home?
Naperville short sale agents who have plenty of experience dealing with lenders
and buyers know that it is not enough that a buyer is willing to purchase.
Buyers should also be financially capable to buy the home. Naperville short
sale agents have established ways to determine if a buyer is really serious and
capable to purchase a short sale home.
6. Do you have time to
spend hours on the phone with the lender, going back and forth with phone
calls, faxes, and emails? Naperville short sale agents have systems in place to
effectively correspond with your lender.They have established contacts and
professional relationships with different lenders thus giving them the skills
to negotiate your short sale.
7. Do you have a thorough understanding of the deficiency laws in Illinois and the tax ramifications of a Naperville short sale? Do you understand the foreclosure process and timelines in Illinois?
7. Do you have a thorough understanding of the deficiency laws in Illinois and the tax ramifications of a Naperville short sale? Do you understand the foreclosure process and timelines in Illinois?
8. Can you negotiate
effectively with your lender for the best terms for your short sale? Have you done this
successfully before?
9. What is your back up plan in case the home appraisal comes out too high or if you are forced to choose a HAFA short sale instead of a traditional one? What will you do if the buyer backs out and you are just inches away from foreclosure? What will you do if you are asked for a cash contribution?
9. What is your back up plan in case the home appraisal comes out too high or if you are forced to choose a HAFA short sale instead of a traditional one? What will you do if the buyer backs out and you are just inches away from foreclosure? What will you do if you are asked for a cash contribution?
And the top reason why you should hire a Naperville short sale agent is...
10. The lender pays the closing costs of your short sale which includes the commissions of an experienced Naperville short sale agent who will work on your behalf. You can have a professional handle the entire short sale to save you time, negotiate with your lender, and buffer you from the stress -- at absolutely NO COST to you!
With all these reasons why should you attempt to do a Naperville short sale yourself? Doesn’t it make more sense to hire a Naperville short sale agent now?
If you have questions or feel you may qualify for a Naperville short sale, please contact certified Naperville short sale agent Teresa Ryan on 630-276-7575 for a free consultation.
Teresa Ryan
Broker/Owner, CDPE
Ryan Hill Realty
1001 E. Chicago Ave., Ste. 103
630-276-7575
TRyan@RyanHillRealty.com
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