Selling Your Boca Raton Short Sale

Here are some useful tips for Boca Raton sellers to increase your chances of a successful short sale:

Use a Boca Raton Short Sale Realtor

An experienced Boca Raton short sale Realtor understands the short sale process and can assist you with attracting the right buyer by marketing your home to serious and qualified cash buyers who are looking for investment opportunities. The Realtor will explain the short sale process to the buyer and keep them up to date on the status of the transaction to make sure they are truly committed to waiting for a response from your lender and closing the deal.

Price Home Properly

Because your Realtor understands the market conditions in your Boca Raton neighborhood, they will recommend the best list price for your home to get your home under contract quickly so that you can obtain your lender’s approval. Your Realtor understands that time is of the essence, and that you don’t have the luxury of your home sitting on the market waiting for a buyer because you are at risk of losing your home to foreclosure. It is recommended that you price your short sale home at or slightly under market to attract the right buyer.

One of the reasons short sales fail is the buyer has unrealistic expectations of buying the home for substantially less than what the lender is willing to agree to. So don’t accept an offer that is way below your list price because your lender probably won’t accept it. They will either reject it entirely or counter higher, and then all the waiting time for a response from your lender has been wasted because you have the wrong buyer who walks away because they were unable to purchase the home for an unrealistic low price.

Hire a Foreclosure Defense Attorney to Negotiate with Your Lender

Sellers who understand the importance of hiring experienced real estate professionals that understand and deal with short sales on a regular basis, price their home properly to attract the right qualified buyer and make sure all parties to the transaction communicate with each other are the ones that end up with the most successful short sales because their transactions get approved and close.

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