Saturday, July 03, 2010

North Hollywood Short Sale Homes


There are many strategies involved when writing an offer on a short sale homes.  The most important step is to work with a knowledgeable real estate agent who has sold many short sale properties for both buyers and sellers.

What you want to remember the most is that even though you write an offer on a short sale home and the seller accepts, it doesn't mean the lenders will approve your offer or the deal will every happen.  Write an offer and move forward.  Don't hang yourself up on one short sale home.  

A professional short sale agent will structure the offer in such a way to protect your interest and money in-case the deal falls through.  For one, don't do a home inspection or appraisal until you have a written confirmation from all lenders on title that the offer will be accepted. A short sale addendum protecting your interest should be used.

I've seen many buyers and sellers work with agents who don't know the ins and outs of selling a short sale home.  If you've found yourself homeless after many attempts with your current agent, call me for a free consultation.

Richard Johnston
Exclusive Estate Properties
818-730-4128

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