Capital Real Estate Washington

You must ask these questions of new or vet agents. Because someone has been in real-estate for over 10 and years does not necessarily imply they're experienced nor skillful at handling short sales.



If you are considering purchasing a short sale, your Phoenix homesRealtor needs to be educated and experienced with short sales for it to be a smooth and successful transaction. He/She ought to be able to easily explain the way in which the short sale process works in Phoenix and be able to explain and set expectations property so each is in the circle and prepared.



6 Points to Ask Your Agent

1. How many short sales have you handled and closed? This is vital to know. On the one hand putting in offers for short sales is a guide, but essentially taking them to closing and going through the whole process is more critical, that is what builds experiences and real hands on know how.



1. Have you taken in depth educational classes about short sales? Education is significant. It's a stepping stone, but only a secondary indicator. It's way better to have a person that has done is many times successfully then someone who took 1 or 2 classes. More so because the short sale process is ever evolving and what you learn in class is often superseded by the point you get out and actually get a transaction going.



1. How do you plan on keeping up to date with the listing agent while we wait for a response? Some agents write this into the short sale addendum, only some, but it's important to keep current and keep others responsible for the steps critical to basically close a Phoenix short sale.



1. How often am I going to get an update from you? This is related to no. 3 above. It's important to set expectations on updates so at the least you know when to expect them and not wait nervously for a mail of phone call.



1. Do you interview the listing agent before writing an offer on the short sale? This is an excellent query. No matter how good your agent is the listing agent who does not understand how to handle a short sale can detail the whole transaction.



1. What can you tell me about the short sale? What do you need to know about short sales. Let the agent tell you what you need to know.

A successful Phoenix short sale purchase is about knowledge of the way the process works and about having realistic expectations and holding people responsible.