I don’t mean to rant but Las Vegas Real Estate Agents that have no experience in listing short sales make it difficult to get the short sale approved. In this market, short sales are very prevalent and require an agent that has experience handling short sales. Not all short sales will close but an agent experienced in short sales will start the short sale process just as soon as they list the home which increases the chances of getting the home sold and sold much quicker.
I currently have several deals with listing agents that do not know what they are doing and it’s going to cause my buyer’s to walk away from the transaction. Out of all the short sale deals that I have done this year, there was only 1 listing agent that was on top of everything and it was one of the reasons why our short sale transaction closed within 45 days.
When we take a short sale listing, we go through the whole process with our client so they know exactly what to expect during the short sale process. We submit our short sale package to the bank/lender within 48 hours of taking the listing. We continuously contact the bank/lender to get our paperwork processed as quickly as possible to ensure we can move quickly as soon as we get an offer.
If you are thinking of selling your Las Vegas Home, make sure you contact Sena & Associates for a free consultation at 702.376.0088 or fill out our contact form.
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We seem to have the same problem in Texas with people taking on short sales and then end up losing the deal because they have no idea what they are doing! My mother in law specilizes in short sales and I always tell her better you than me as they are always a beast to work!
Because we don’t really have that many short sales here in New Jersey we can count on the listing agent not knowing what he/she is doing.
I feel sorry for any homeowner who tries to do a short sale themselves. It is frustrating enough for those of us who are educated in this area. Some lenders are much better to work with than others but none are stress-free.