While there are far fewer people these days considering a Short Sale of their home in Maricopa, there are still some who may have purchased just before the “bust” last decade who may owe significantly more on the home than the proceeds of the sale will bring. What to do? A Short Sale is one such solution. A Short Sale is a “regular resale” with one distinct and significant difference. The agreement of your lender(s) to accept less than the balance(s) owed on the loan(s). Whether or not a homeowner meets the other “requirements” of their lender(s) such as a “valid” hardship can only be determined by consultation with a skilled and experienced professional with a solid Short Sale track record – we recommend a minimum of 100 closed Short Sales with a 90%+ Short Sale List to Close ratio. The purpose of a Short Sale is not to get the Buyer Leads from the listing – it’s to get the Short Sale closed for the benefit of the homeowner, so they avoid foreclosure! A FREE CONFIDENTIAL Short Sale consultation with an experienced and qualified Short Sale Listing Agent or an attorney qualified and experienced in Short Sales should be the first step in the process of deciding whether to Short Sale a home in Maricopa. The consultation should include a comprehensive description of the Short Sale process, and should provide sufficient information to determine whether pursuing a Short Sale is the best course of action. Short Sales are not something to rush blindly into – they require commitment from the Sellers to see it through, and hinge on the Short Sale Listing Agent’s skill set in securing a fair market value contract for the property, presenting the Short Sale package to the Sellers Lender(s) for approval, and knowing how and when to escalate to senior executives at Bank of America, Chase, Citi, Wells Fargo and other Short Sale lien holders. If you know of someone considering a Short Sale in Maricopa, we ask that you have them contact us to schedule their free, confidential, no obligation Short Sale consultation. We encourage Maricopa homeowners who need to sell but are “underwater” to at least carve out 30 minutes of their time to explore what other options may be available to them – and there are several – that may not be as damaging to their credit and their future ability to purchase another home, whether in Maricopa or elsewhere.A FREE confidential, no obligation consultation costs you nothing, we can meet with you in person at our office or your home, or connect via GoToMeeting online if you prefer. We NEVER charge the homeowner a fee to list and process their Short Sale. We provide the same FULL SERVICE listing to them that we provide to our “Traditional” Sale clients. Contact us today to see if we can help! ———————————————————————————————————————————————————— Click the button below to Subscribe to ourArizona Real Estate blog! All images purchased and licensed from Shutterstock , shared from YouTube, sourced from Vectortoons, or were taken by the author unless otherwise noted.
About the Authors – Updated 2017
If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with Haven Express @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.
Listed, Sold and Closed more than a hundred Short Sales with the highest success rate in the Phoenix Metro Area!
Tony and Suzanne Marriott
Associate Brokers, REALTORS
Keller Williams Arizona Realty