Deciding to buy a home in the short sale market can be a big choice. It means that you agree to wade through huge amounts of paperwork and a long waiting period to be able to buy a house under market value. For many people, the advantages of purchasing a short sale far outweigh the downfalls, but to fully experience the advantages of short sales, you need to work with a specialized Santa Monica short sale agent.
A specialized Santa Monica short sale agent can make all the difference in the world when it comes to short sales because they have a clear understanding of the paperwork involved in the process. One of the biggest reasons that short sales take so long is because there is missing documentation that requires the entire process to be performed again. The right Santa Monica short sale agent can ensure that your paperwork is filled out correctly so you don’t have to have unnecessary hold ups on the process.
Another advantage to using a Santa Monica short sale agent is that the agent knows how to make a good offer. Even though a lender is choosing to let a house go at below market value they are not willing to give the house away. Your job as a buyer is to show that the transaction will be beneficial for all parties involved. Your Santa Monica short sale agent is a vital advocate in this process. After all, you don’t want to wait for months to find that your offer has been rejected.
Finally, a Santa Monica short sale agent knows the right people. Being interconnected in the short sale process can help the process move along. Your agent will be a better advocate for you when he or she can maneuver through all the people involved in the short sale process.