WHAT IS A SHORT SALE?

A short sale is an agreement with your lender to accept less than the total amount you owe on your home. For example, if you purchased your home for $200,000 but
now it is only worth $150,000 and you must move, you can negotiate with
your bank to accept the current market value as payment in full.

The short sale process can sometimes be lengthy but once an offer is
received on your property we can usually get bank approval within 30-45
days. Here are the steps involved in a short sale:


Initial Meeting –
Someone from our team will meet with you and discuss your financial
situation, view your home, review comparatives with you, agree on a
listing price, gather all required paperwork and financial information
and prepare for marketing your home.

Marketing your Home --
We have an extensive marketing plan which lists your home on nearly 50
of the most popular Real Estate websites. In addition to multiple
photos we will create a flyer and virtual tour for your property, send
out Just Listed postcards in your area, complete aggressive targeted
marketing, market your property to our database, email local Realtors,
etc.

Begin Negotiations with Bank –
We contact your bank and submit a full short sale package to them as
soon as we list the property. Some banks will begin researching the
property before even receiving a contract which allows us to receive
approval faster!

Offer Received-
Once an offer on your property is received we re-submit a full short
sale package to your lender and aggressively follow up. We call on
every short sale file at LEAST 3 times a week to ensure that things
never slip between the cracks. We will negotiate on your behalf to make
sure that the bank accepts any fair and reasonable offer and we back up
all offers with extensive comps.

Bank Approval –
Once we receive bank approval we are ready to close on your home! This generally takes 30-45 days but can take up to 90 depending on your lender and availability of all financial information.