The short answer? A lot. From collecting bank statements and payroll stubs to handling negotiations through closing, a short sale is a little more complex than a regular home sale. Here’s how I help throughout the process.
The First Stages
The short sale process is tricky from the beginning, so you should enlist the help of an agent as soon as you can. To kick things off, we’ll package any documents that your bank needs and send those along, which gets the sale process rolling.
After the bank has reviewed your documents, they’ll send back an approval for the short sale. From there, I’ll take care helping to price your home through appraisals and market analyses. During a short sale, pricing correctly is vital to your success. You’ll be on a little bit of a time crunch to sell, but that doesn’t mean you have to list lower than usual. I’ll help you find a competitive price that works for your interests.
The Middle of the Process
When you sell your home in a short sale, marketing is the key to attracting buyers. I’ll use all of my available resources — from social media to local contacts — to make sure every buyer in the area knows about your home. Once buyers start showing interest in your home, offers should start rolling in.
When you enlist my help, I’ll handle all of the negotiations between you, the buyer, and the lender. As a Certified Distressed Property Expert®, I have extensive training in working out the complicated specifics and dealing with any forks in the road along the way — especially since the lender will need to approve of the offer. Plus, I’ll regularly check in with all parties to make sure things are going along smoothly.
Finishing Things Out
As we approach the finish line of a short sale, there are quite a few things that need to happen. First, I’ll order the preliminary title report and keep up with anything else that the bank requires. Then, I’ll review the offer one last time to make sure it all lines up.
The official short sale approval letter will then be given to the buyer, seller, lender, and anyone else involved. The home buyer will want to run a home inspection before finalizing things, so I’ll be there to ensure they have access to your home. As soon as any issues with the inspection are cleared up, it’s time for closing — I’ll be there, reviewed documents in hand, ready to help you sign on the dotted line.
The short sale process can be challenging, stressful, and complicated. But when you put your trust in a certified expert like me, you can rest easy knowing that you’re in good hands.
If you have any questions at all about clearing up the process or would like more information on how I can help, feel free to give me a call today.