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.