You need to ask these questions of new or veteran agents. Simply because somebody has been in property for over 10 plus years doesn't mean they are experienced nor skilled at handling short sales.
If you're considering buying a short sale, your Phoenix homesRealtor must be educated and experienced with short sales in order for it to be a smooth and successful exchange. He/She should be able to simply explain how the short sale process works in Phoenix and be well placed to explain and set expectancies property so every is in the know and prepared.
6 Things to Ask Your Agent
1. How many short sales have you handled and closed? This is important to know. On the one hand putting in offers for short sales is a guide, but actually taking them to closing and going through the entire process is more important, that's what builds experiences and actual hands on know how.
1. Have you taken extensive academic classes about short sales? Education is vital. It's a stepping stone, but only a secondary indicator. It is better to have somebody that has done is many times successfully then someone who took one or two classes. More so because the short sale process is ever evolving and what you learn in class is usually outmoded by the time you get out and really get a transaction going.
1. How do you plan on keeping recent with the listing agent while we wait for a response? Some agents write this into the short sale addendum, only some, but it is very important to keep recent and keep others responsible for the steps necessary to actually close a Phoenix short sale.
1. How frequently will I get an update from you? This is related to no. 3 above. It's very important to set expectancies on updates so at least you know when to expect them and not wait anxiously for an email of telephone call.
1. Do you interview the listing agent before writing an offer on the short sale? This is a brilliant question. Regardless of how good your agent is the listing agent who doesn't know how to handle a short sale can detail the entire exchange.
1. What are you able to let me know about the short sale? What do you need to understand about short sales. Let the agent tell you what you want to understand.
A successful Phoenix short sale purchase is about knowledge of the way the process works and about having realistic expectations and holding people responsible.
About the Author:
inPhoenix Realty Group is a collection of experienced Realtors working to help buyers and sellers with the Phoenix real estate process including Phoenix short sale services for sellers and home buyers.
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