Seller
Listing a home under short sale terms a Realtor is able to
represent the homeowner. For the homeowner negotiating a short sale can be
very difficult, frustrating and stressful, especially if payments are
already in default. Using the services of an experienced Realtor will
be helpful, as they will work as a mediator for you. A Realtor will help
you with the detailed paperwork which must be submitted to the bank and will be
able to handle most of the necessary phone calls, while at the same time
keeping you informed of the negotiations.
Buyer
Buying a home listed as a
short sale means that the buyer will receive all required
property disclosures from the seller as required by law and these homes are
more likely to be in better condition than a foreclosed home. Homes
sold through the foreclosure process do not offer this advantage.
