Why You Need A Short Sale Agent For Your Naperville Short Sale
How can a short sale agent help me with my
Naperville short sale, you ask?
Short sales are more challenging than your
traditional real estate sales because of all the different guidelines,
paperwork, and parties involved, not to mention the length of time it takes to
complete a short sale. Lately, there have also been tax implications on short
sales due to the expiration of the Mortgage
Debt Relief Act in 2013.
It’s easy to get overwhelmed and even discouraged
when doing a Naperville short sale, especially if you are already going through
a financial hardship. That is why you need the help and expertise of an
experienced Naperville short sale agent.
Here are some of the things a certified Ryan Hill Realty short sale agent can
do for you to help you complete a Naperville short sale:
- Your short sale agent will help you gather and send a complete short sale package to your lender. Every lender has different requirements and guidelines for short sales. A lot of short sales get rejected by lenders just because of incomplete short sale packages or missing signatures. Only an experienced short sale agent will be able to help make sure that you are not missing anything important. Your short sale agent will also request your most recent paystubs and updated bank statements to send to the lender to help prove your financial hardship.
- Your Naperville short sale agent will order the HUD and send it to your lender/s.
- An agent can coordinate with the lender to get a Brokers Price Opinion (BPO).
- Only an experienced short sale agent can prepare a Comparative Market Analysis (CMA) that will be the basis for the selling price of your Naperville short sale home.
- A short sale agent can check regularly with the lender on the status of the short sale and whether they need any more documents and give you weekly updates on the status of the short sale.
- A short sale agent can negotiate the offer price as well as lien payoffs with lender or lenders, if you have more than one loan on your home.
- If there is a second lien holder involved in your home, the short sale agent can negotiate with them regarding their demands and comply with the demands of your lenders, however extreme they may seem.
- Your short sale agent will also send regular updates to the buyer’s agent on the status of the short sale to keep them from getting impatient.
- A short sale agent will order the preliminary title report.
- Once the short sale approval letter arrives from the lender, your short sale agent will review it to make sure it matches the HUD and will deliver the approval letter to all the parties involved in the short sale.
- The short sale agent will coordinate access to your home for the buyer’s home inspection.
- Your short sale agent will review all closing documents and attend the short sale closing with you.
Short sale agents can save you a lot of time and
trouble during the long and complicated short sales process, taking all these
things off your hands, and lessening the stress.
Experienced short sale agents also know how to
handle obstacles that you may encounter during the short sale process and can
manage expectations of all the parties involved.
It takes skill and a lot of experience to be able to
do all of this and successfully complete a short sale, make sure you choose the
best Naperville short sale agent to represent you.
If you are ready to do a Naperville short sale call me, Teresa Ryan, a certified short sale agent at 630-276-7575. As Broker/Owner of Ryan Hill Realty - www.RyanHillRealty.com, I have the qualifications, experience and tools to help you sell your Naperville short sale home.
Teresa Ryan
Broker/Owner, CDPE
Ryan Hill Realty
1288 Rickert Dr Suite 300, Naperville, IL 60540
630-276-7575
No comments:
Post a Comment