Does a Short Sale always need a Realtor?
Yesterday I was doing an interior BPO for a lender. The owner was there for the photos and so was the buyer. During my converstation while taking interior photos I found out that the home was being sold as a FSBO and a short sale on top. I of course offered my services, but was politely told that a Realtor was not needed and the Bank did not require a Realtor in the transaction. I did not ask which bank but I thought all Short Sale transactions required a Realtor. Does anyone know anything different?
Comment
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Comment by Kevin Vitali on June 24, 2010 at 4:09am
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Of course a realtor is not needed. There are a ton of investors who hit these homeowners before they are ever listed who negotiate their own offers and are successful
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Comment by Kevin - Greenville, SC on June 23, 2010 at 11:20am
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I've never heard on one closing. Would be interested if any have.
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Comment by Wendy Rulnick on June 18, 2010 at 12:17pm
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Cynthia, Not all lenders require a real estate agent. Knowing one was used, however, gives more credence to the knowledge that the home was adequately marketed. A FSBO cannot expose the home as well as a licensed real estate agent. Common sense is that the greater exposure = greater chance of higher price!
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