Some realtors are very good and at times are excellent at what they do. Though some often tend to forget what it is they actually do and lose focus of their target. This is true for every professional in virtually any field.
When it comes to Short Sales, a large number of Real estate agents have never heard the term let alone know what the process entails. Many go out and make a sincere effort to learn the process from A to Z. This is definitely encouraged and it may seem like having an olympic runner learn how to walk again.
Though many experts will tell you, each and every short sale is different. You may be dealing with the same lender on multiple properties, and the various responses you will get from the SAME LENDER may shock you. There is no Industry Standard when negotiating short sales.
Many real estate agents do not even bother to get educated on short sales, others may try to short sale properties that are current on their mortgage. Some agents will wait for the short sale package to come back from the lender before subbmitting it. Ther eare agents that try to offer the bank a short sale without a buyer. Alot of agents make the mistake of listing the property above market value to cover the full payoff. These are some of the mistakes agents make that lead to their frustration with the process and usually ends up with a client that loses their home.
Why do Realtors Fail with Short Sales?
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