Seller beware

Here is a bit of sage of advise when you are short selling your home (trying to sell it for less than is owed lenders of record).

When there is blood in the water the sharks are out there.

It seems almost weekly we get offers on short sales from companies from who knows from where trying to tie up our clients home with no money down and promises they may or may not close.

Some of them may even by legitimate.

When our team short sells a home we ask the buyer to have the escrow money held for at least 60 days or upon lenders approval.

A serious buyer will have not problem doing just that. If they have skin in the game they are likely to see the short sale process through to the end.

This method helps to weed out a lot of the not so legitimate offers out there. They don't want to tie up any money because they want to get out at a drop of a hat.

Often the not so legitimate offers are trying to flip the house. They are trying to find a buyer for more than they offered on the house and to close at the same time.

If they don't find a buyer they dont't close on your home and you have ended up wasting weeks and months for an approval when a buyer willing to put down real money to see the sale through to the end.

All the best
Greg Owens PA
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com