The best way to interview a possible Santa Monica short sale agent is to ask specific questions about you as a buyer and the house that you want to buy. It will help you know if the Santa Monica short sale agent knows the short sale process and can help you get into the house you want. Read on for some of the most important questions you will ask your Santa Monica short sale agent.
You can start by finding out from your Santa Monica short sale agent if there are any red flags with the short sale you have been looking at. A seasoned short sale agent will usually be able to tell you if the short sale has too many lenders, difficult lenders, or potential tax problems with the home.
Asking your potential Santa Monica short sale agent about their track record with your specific bank can also give you a good feel for the way the transaction will go.
When interviewing a Santa Monica short sale agent you want to be sure to find out who will be negotiating the short sale. There are agents that may outsource negotiations to a third party, but these vendors are usually workers that have hundreds of files and won’t specifically cater to your needs. A real estate attorney is the best negotiator for short sales, and you want to make sure your Santa Monica short sale agent will work with an attorney to negotiate your deal.
Finally, you can ask a potential Santa Monica short sale agent about how long the short sale process will take. It is true that some banks are impossible to predict, but a good agent will have worked the process enough times that they know the process of specific banks.