What’s The Second Step Of A Short Sale?

Short Sale Process Step 2:

I wrote previously about the Short Sale Process Step 1, the first step required to sell your home on a short sale.  Since you already know that making the decision to sell your home on a short sale was step one, step two will assume you've made this decision and the Twin Cities Short Sale Realtor has successfully marketed your home.  You'll notice I mentioned that the Twin Cities Short Sale Realtor has successfully marketed your home.

To successfully market your home for sale means that we've received an offer, or multiple offers in some instances.  Now, just receiving an offer isn't the save all.  A low ball offer will almost never be approved.  Offers plagued with excessive closing costs, or closing dates way into the future, or offers asking for a lot in general will typically have the same fate as the low ball offer.  Part of the duties of the Twin Cities Short Sale Realtor is to ensure that the offer we've received has a pretty good change of being accepted from the lender.  That means that the offer needs to be reasonable for the property.  You may ask how the Twin Cities Short Sale Realtor knows that an offer has "a pretty good chance" of being accepted.  It's simple:  we have the experience and the knowledge to understand the practices of the lenders while they are doing their due diligence when considering an offer for short sale.

After the Twin Cities Short Sale Realtor has successfully marketed your home, You now have a signed offer, and possibly a backup offer that can be submitted to the lender.  Watch our Short Sale Process Steps for future steps you should be aware of in the Short Sale Process.

Contact Us today to schedule a private consultation with the Twin Cities Short Sale Realtor.