San Jose Short Sale Buyer's Agents Should Be Rated Also
When making an offer on a San Jose Short Sale it is common for the buyer's agent to ask the listing agent about his or her experience with short sales. They want to know if the seller's agent knows what he or she is doing because that is essential for a successful short sale completion. So when I am asked those questions I can honestly say that I am certified (CDPE), experienced, and successful.
But enough about me, what about you buyer's agent. How many buyers have you ushered through the sometimes long and tedious process of a short sale? How many of your buyers have dropped out because they got tired of waiting or found something better? How many of your buyers really understand what "As-Is" means? How much do you understand about the process.
When I represent the buyer on a short sale I make sure they understand what is going to happen, how long it could take, and what will be expected of them. I also make sure the buyer really wants that particular house, and is not just making lots of offers and willing to take the first one that gets approved.
So if you are selling a San Jose Short Sale, ask your agent to talk to the buyer about their short sale experience and expectations before you sign that offer.
If you have any questions about buying or selling a short sale in San Mateo or Santa Clara Counties please feel free to contact me.
Marcy Moyer CDPE
650-619-9285
D.R.E. 01191194
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales
Comment
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Comment by Marcy Moyer on September 14, 2011 at 8:56am
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So true, unfortunately.
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Comment by Jeff Payne on September 14, 2011 at 8:55am
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I like to talk to the agent too but in my experience, most will tell you what you want to hear and not necessarily tell you the truth :)
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Jeff,
I do that also but I try to discuss with the agent personally about their experience with short sales.
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Marcy, we have a form that the buyer and buyers agent signs at submission of offer that explains the short sale process and timelines. This way at least we know that they had the form and that they at least should have read it and hope they understand :)
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Thanks Joshua!
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Comment by Joshua Gayman on September 13, 2011 at 3:45pm
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Such a great post! It is imperative to ask those key questions to a buyers agent and make sure you are doing everything you can to set your seller up for a successful closing. Too often listing agents just receive an offer by fax or email and review it with their sellers and their seller signs it, all happening before the listing agent ever even talks to the buyers agent. There's no excuse for that kind of laziness and inexperience. That is a disservice to the sellers. Keep up the good word Marcy!!! :)
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