The short sale enterprise can be a bit complex. Since it involves the bank, a buyer and a seller, there are probably a few other players involved, including a seller broker, appraiser, and a few who represent the bank’s interests. With so many cards stacked, it only makes sense for a buyer to retain the services of a short sale realtor.
A short sale transaction requires significant expertise and some insight into how each involved party thinks. The buyer typically attempts to push a low ball offer, which means persuading the bank to get the loan off its books at the lowest price possible. This sounds like it can still be simple but when the seller still has any financial ability to influence the sale, that’s where it can get more complicated—and where a short sale realtor becomes invaluable.
Again, whether you’re looking for homes for sale in Palm Springs or any other part of the state, it’s important to work with a realtor with vast expertise, especially in regards to short sales—you want an experienced Agent who CLOSES their short sales. Ideally, you want someone who is familiar with different lenders, is connected in the area and has negotiation skills that transcend normal real estate transactions.