If you are in the market to purchase a short sale, have no fears. There are plenty of Venice short sale agents that can assist you in this process. If you have a purchase contract and it is signed electronically, print it out and sign it with an ink pen. You may sign just above your initials and signatures. You can then give it to your Venice short sale agent to give to your listing agent. The bank might want it on paper instead of an electronic signature. Another thing you can do is to make sure your preapproval letter has a current date. Most preapproval letters are good only for a limited period of time. Your Venice short sale agent will recommend that you not let your preapproval letter expire. If for some reason your Venice short sale agent asks you to sign an addendum or to get something notarized for the lender, it is a good idea to get it done right away. If you delay too much in returning a document, it could delay or close the short sale negotiation all together. Your Venice short sale agent will also recommend that you not change your financial situation while you are waiting for the short sale approval. If you decide to make any major purchases, this could cause a problem for your loan. So we recommend that you not use all of your savings or make any unusual charges on your credit cards. Your Venice short sale agent will tell you that once the deal is complete, you will be allowed to purchase whatever you want, just not while you are waiting for the approval to go through. Also, do not go looking at other homes. Once you have made the decision that you like a certain home, do not continue looking unless you are not 100% sure this is the home you are really set on. Call your Venice short sale agent today and get started on your home search.
