Charlotte Short Sale Advisors

With the current economy still looking rough for the real estate market, it may be time for you to buy a bank owned property via a short sale. But getting the perfect short sale home is going to take some planning.  In this first of a two part series on buying a short sale home, we will discuss the preparation needed to complete a short sale transaction.  In the second part of the series, we will discuss the negotiation process.

The best possible outcome will almost always happen when you work with a licensed Realtor. Many people understand the mechanics of the short sale, but lack the negotiating experience necessary to get the best deal. Now is not a time for inexperience.  Get yourself a Realtor that has some experience in the ebb and flow of negotiating with banks on short sales.

With this key person aboard your team, you can then work together to figure out the price range that will work for you.  Don’t get in over your head.  Make sure you also understand the commission structure, closing fees, appraisal fees, etc.  Being realistic on what you can afford will make the house hunting process easier for all concerned.

You will be looking for property that is in a neighborhood you like.  The greatest deal in town will not feel that way if you hate the neighborhood.  One good tip is to look for listings that require the price to be agreed upon by the bank.  Those are usually homes in pre-foreclosure or foreclosure.

Get a list of “comps” for homes that have recently sold in the area.  This may really help to make your case. You will also need to have an estimate done as to any repairs that will be needed on the home. You don’t have to go to the point of an appraisal yet, your Realtor can help you figure this part out.  Lastly, try to determine how long a property has been available for sale, and how many price reductions have taken place.

Getting the perfect short sale home starts with having all the details in order.  It not only helps you to speed along the sale, but it helps you to look serious during the negotiation process as well.

Learn from a Realtor who’s done Short Sales for nearly two decades!

The Treasury’s new rules get a short sale approved in 10 days!  Find out how.

There are so many myths about Short Sales, you need the truth. The class is taught by Tim Burrell, a Raleigh Realtor with 30 years experience who has been doing short sales since 1992. You will learn a step by step procedure from a Realtor who does Short Sales daily & you will receive an electronic version of his book, Create A Short Sale, that is endorsed by the Council of Residential Specialists (CRS) of N.A.R.

Join us for the morning session at Ballanytne Country Club with a Continental Breakfast. Or, come to the afternoon session with the Country Club’s Snacks. At each session there is a presentation on selling REOs by Nancy Braun, top REO & Short Sale agent who owns Showcase Realty.

There are a limited number of seats available, so register now on the website below.

Choose from Two Classes Thursday, April 29th, either morning class 8:30 to 12:30 am or afternoon class 1 to 5 pm

To register for the morning or afternoon course go to

www.TakeShortSaleClass.com