Click the description as brett explains in a video the process of a short sale and why the purchase offer price does “Not” matter if a “short sale” is your only option, as well as the importance of working with a professional who understands the process.
A few thing to keep in mind if a “short sale: is your only option. If you are wondering what a short sale is, click the link for more information, https://www.brettbuysrochouses.com/blog/foreclosure-or-short-sale-of-your-rochester-house/.
Number 1, price is irrelevant when going through a short sale, after all the necessary paperwork is submitted to the bank, the bank will schedule what’s called a BPO, a broker price option, this is the actual price the home can be sold for. Be careful of someone just throwing numbers at you, take the time to find a credible buyer that understands and has perfected the short sale process.
Number 2: Be careful who you do business with, anyone can just throw a high number at you, BUT remember that price does not matter, UNLESS it can actually pay off your debt. However, in most cases this is not an option, due to the condition of the home and balance on the loan. If you’re just attracted to the higher offer, and it has no bearing on the short sale, keep in mind you NEED to do your due diligence, just don’t work with someone who throws numbers at you, anyone can do that. There are buyers out there like myself who work together as a team, who make this process easy, and coach you through the speed bumps if there are any, that is someone you want to work with. What you don’t want is someone who has little to no experience, to work with the banks to not only expedite the process but find an amicable solution to get you, the seller out of this bad situation.
For any questions, feel free to reach out, 595.299.9709!!