If you are considering the purchase of a foreclosure or short sale, it is imperative that you are represented by an experienced and qualified Broker that is working these transactions on the front lines, in today's market.
WEBB1REALTY has several designations which qualify us to represent you on a distress home purchase, including but not limited to: CDPE, Program 3648, REOTrans Platinum and the National Association of Short Sale Professionals.
An agent that is inexperienced in this field DOESN'T KNOW WHAT HE/SHE DOESN'T KNOW, and that's dangerous for you, the Buyer.
Here are a few key questions to ask an agent before allowing them to show you distress properties in today's market:
- Besides price, how can you make MY offer stand out above the rest, and be selected for first position?
- How many days does a bank list a home for sale before they stop accepting offers?
- What is the probability of success of a short sale even being approved?
- What does it mean to "stack" an offer? Will it strengthen or weaken my offer?
- What is the difference between an "approved short sale" and a standard short sale?
- When should I start placing offers on short sales if I want to move in 6 months?
- Is it true that I can purchase a foreclosure property for 65 cents on the dollar?
We sit down with every new Buyer and give them a brief education on the short sale and foreclosure process, so that they may understand the complexities and competitive nature of this area of the market.
