Short Sales Are Slow but NOT Rocket Science

Sacramento Short Sale, CA

Time for Sacramento agents to make sure their sellers are QUALIFIED for a Short Sale BEFORE listing the house for sale.

Get your paperwork from the Seller BEFORE listing the house for sale.  No point in wasting everyone’s time including home buyers.

Next, when receiving offers, treat it as any other offer. Present all offers to the home seller and let the seller chose the best offer.

• Get a HUD statement from a Title company 
• Send the BEST home buyer offer
• Send all the home sellers qualification paperwork

Next Step…

• Then, PLEASE update the MLS to read “Active Short Cont.”  This is an MLS rule and home buyers are checking the Internet and reporting when this is not done. 

I can’t blame the Sacramento home buyers for their frustration with Short Sale listings when they are showing ACTIVE.  It’s frustrating to think a home is available only to find that offers have been presented and sent to the bank.

This is part of our job and the Sacramento home buyers would appreciate it if we take the time to update the MLS and not WASTE their time.

Acknowledge Sacramento home buyers by sending an acknowledgment and keeping the home buyer’s Realtor ® informed so they know you have actually presented their offer and the homeowner has accepted their offer as the first step in the Short Sale approval process while waiting for the Bank’s final approval.

Don’t leave the home buyer in the dark. Communication is key.

As a Sacramento Real Estate Broker and Short Sale agent helping both home buyers and home sellers, it’s important for all of us to work together toward a clear and concise process for both home buyers and home sellers.

This is a difficult time for all and it is our job as short sale agents to do the job correctly and thoroughly.  This part is not rocket science, it’s our MLS rules and the preliminary work leading up to a Sacramento Short Sale.

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If you have a real estate question that you would like an answer to by Gena Riede, Sacramento Realtor ® specializing as Short Sale agent  with Short Sales.  Be sure to check out and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email.   Perhaps, your question will be part of the next article featured on Sacramento REAL Estate