Inexperienced Short Sale Agents Costs Everyone Time and Money…Be Careful Who You Jump Into Business With
Just recently I wrote a cathartic blog entitled, What Do You Do When Your Cooperating Agent Does Not Have A Clue??? venting some frustration I was having with a cooperating agent on a short sale. Turns out that my gut never seems to fail me. The last two days have been spent re-iterating to the cooperating agent that the lender has already issued the approval letter and they have already stipulated what item they will and won’t pay for. Now I know that we all wish that this were a “standard sale world” again (at least I do), but hey if it’s not our reality then we must do what we can with what we have. As I found myself debating the issue with this agent, once again I realized that their attempts to strong-arm the bank into doing certain inspections and reports was more a matter of their inexperience with short sales than anything else. The time to negotiate hard for your client on a short sale is BEFORE the lender issues the approval letter with your client’s name on it– NOT AFTER.
Fighting hard and negotiating on your client’s behalf is exactly what agents are hired to do, but they probably should know when to swing and lay their punch or lie any “wanna -be boxer”, they are going to end up on their butt. Sadly, this type of inexperienced agent costs everyone, including the lender, investors, homeowners, buyers and agents, a heap of time and money. As if there is not enough to worry about out there already, right?Keisha Hosea is a local Market Expert and Chino Hills Realtor. Keisha Hosea and the KASI Homes team offer help to home buyers and home sellers in the Inland Empire, including Chino Hills homes, Fontana homes, Diamond Bar homes, Chino homes, Ontario homes. With a Master of Arts Degree in Marriage, Family and Child Counseling, Keisha has worked extensively with families in transition such as divorcing couples selling homes and probate real estate. KASI Homes is the place where you find Real Estate Solutions for Real People. Whether you are in need of selling your home with a short sale or are interested in buying short sales or foreclosure homes, we can help. For more information call direct at (909) 261-6377.
Disclaimer-All information contained herein is deemed reliable but not guaranteed. You are advised to consult a reputable attorney for all legal advice or a reputable tax advisor.
Disclaimer-All information contained herein is deemed reliable but not guaranteed. You are advised to consult a reputable attorney for all legal advice or a reputable tax advisor.
not accepted. One thing that buyers must understand is that the “cleaner” and more competitive the offer is, the better chance they will have of getting their offer accepted. When a buyer’s agent submits an offer, it is equally important that the offer does not contain ambiguous language. Most certainly, however, the offer needs to appear to be one that is based on a genuine desire to go forward with the purchase barring any unforeseen events.
existence, the idea was to create a community with a college town atmosphere; hence the name, College Park. The street design chosen was a traditional neighborhood design to ensure continuity. There are small neighborhood parks located throughout College Park Chino. Located close to the 71 freeway at the intersection of Euclid and Eucalyptus, College Park is close to the San Bernardino mountains, shopping, colleges and recreation. This array of homes has delightful mountain views and a quaint hometown feel. It’s time you took a
What NOT To Do When Selling Your Home- Lesson #5
A homestead is used to limit the amount of liability for certain debts by unsecured creditors against which a home can be used to satisfy a judgment. It will not, however, protect a homeowner from foreclosure on a trust deed, mechanic’s lien, real property taxes or a lien filed prior to the filing of the homestead. A properly recorded homestead will protect the first $75,000 of a home’s value to satisfy a judgment against a head of household.
First time buyers in Diamond Bar CA often have more desire than they do money. This is not a bad thing, it is just simply a matter of fact. We’ve all got to start somewhere. Sometimes the biggest challenge is deciding whether to buy the large home that will be generally quite impressive to your friends or to buy the smaller home in the impressive neighborhood.