Is Hiring A Real Estate Company For Short Sale A Good Idea?

Paying off your home mortgage loan is quite daunting if you are in a liquidity crisis. In times like these, many homeowners go for short sale to avoid foreclosure.
Short sale is definitely a better option than a foreclosure because a foreclosure can have severe and negative consequences on your credit rating which can last for as long as 10 to 12 years. 
However, what many individuals fail to realize when they short sale their real estate is that in the hurry to sell off the property, they often make a bad deal and settle for a low price. And because of this, the short sale often gets rejected by the lender.
It’s understandable that with so much pressure, fear of foreclosure and a big drop in your credit score, you can’t think straight and whatever comes your way, you just want to close the deal.

Short Sale Real Estate In Prince George County

If you are living in Prince George County and you are looking to short sale real estate, then the first thing you should do is to hire a real estate service company. They have reliable and experienced short sale real estate agents who have good networking and an established reputation in the real estate market and can get you ten times better deals than you can get on your own.

Benefits of Hiring a Short Sale Real Estate Company

Here are some benefits of hiring a short sale real estate company:

Sound Market Knowledge and Insights

A real estate company can help you get a good short sale price because they have complete and sound market knowledge which ordinary people don’t have.  They can guide you better and also help you with the approval of your short sale authorization letter if needed.

Assist You With Necessary Documentation

Short sale is a long process and without professional help, like a real estate company, you can face a lot of difficulty.  A real estate company can support and assist you with your short sale real estate letter documentations like pay stubs and bank statements. The company can guide you about what documents can make a better impact on the lender and financial institution and help you get your short sale approved with ease.

Negotiation Power

These short sale real estate companies have great negotiation power and expertise. They can help you with your short sale approval by communicating skillfully with the lender and also increase your short sale deadline.

Assistance with the Sale

Since the real estate market in Prince George County is recovering and surging upward, a professional real estate company can help you find a buyer who is willing to pay value for your property.  If you fetch a good offer, it will be beneficial for both you and the lender.

Find You a New Place

Another benefit of hiring a real estate company is that you don’t have to spend time to find a new place to live; the real estate company can get a good place at a reasonable price.
As there are plenty of short sale real estate companies, the best way to select the right service provider is to make sure that the company has years of experience and expertise in short sales.

 

 

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GCAAR- Greater Capitol Area Association of Realtors
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