If you’ve heard that it makes no difference which Venice realtor you work with on your short sale, you need to think again. Short sale expert and Venice realtor Toni Patillo is here to tell you that it makes all the difference in the world which Venice realtor you work with on your transaction; in fact, the success or failure of your short sale depends greatly on how well your Venice realtor knows the short sale process.
Any good Venice realtor will tell you that the short sale process is much different than a traditional real estate transaction. Here are some of the steps in a typical short sale process; it is important to note, however, that each short sale is unique, which is yet again another reason why it’s so important to work with a Venice realtor, such as Toni Patillo, that knows the ins and outs of the short sale process.
The main reason most people are interested in doing a short sale is because they have defaulted on their mortgage payments and are unable to get caught up. After consulting with a Venice realtor that is experienced in short sales, the homeowner assembles the short sale package and it is submitted to their lender. Once the lender has received the short sale package, they order an appraisal on the home to determine the value and what sale price they are going to require on the property. Once an offer is secured, your Venice realtor begins the negotiations process with your lender. This is a critical step and also perhaps one where you want the savviest Venice realtor possible. All liens against the property, fees and commissions are negotiated into the final sale price of the home. If you work with a Venice realtor that isn’t experienced in short sales, you could end up paying out of pocket in a situation where you already don’t have a lot of money; worse yet, the negotiations could fall apart and your short sale could be declined.
Give yourself peace of mind when completing a short sale and work with a Venice realtor that knows what they’re doing. Contact Toni Patillo and Associates today to begin the successful process of short selling your home.