Friday, January 18, 2013

Real Estate Short Sale - How to Find a Short Sale Using a Buyer's Agent

Colorado Springs distressed properties

Investing in real estate may not seem like the best idea right now, unless you are able to get a lead on distressed properties or short sales. But these properties are not always available in the area where you live, so how do you find these types of properties? According to one prominent Colorado Springs Realtor, the best way to make short sale offers in is to work with an experienced buyer's agent.
As the name implies, a buyer's agent represents the buyer, not the seller. For investors or home buyers who are looking for a lead on short sale properties in a specific area, it makes sense to work with a buyer's agent who knows the local neighborhoods inside and out.
Even though the some real estate markets are relatively healthy, compared to many other metropolitan areas, you can find distressed properties that are headed for a foreclosure.
For the seller, short sales are preferable because they do not have an effect on their credit report, but since these homes are "under water" financially, there is only a short window of opportunity to buy. A buyer's agent usually finds out about these properties well before the general public, which makes it extremely advantageous for investors to hire one.
A successful short sale offer requires the agent to be in constant contact with lenders to make sure the sale is approved. To find a good buyer's agent, find short sale properties, and to begin making offers, you will need to work with someone who has a lot of experience in this area. Take the time to interview a few of the best Realtors you find and make sure they are not over-committed to other clients.

2 Responses to “Real Estate Short Sale - How to Find a Short Sale Using a Buyer's Agent”

lisa sparx said...
January 19, 2013 at 11:05 AM

We are a network of short sale agent of Real Estate agents throughout the United States who specialize in helping home owners who are in a difficult financial situation by offering free home owner consultation services as well as free short sale processing and brokerage being with american destiny

sellmyhouseinaz said...
November 1, 2013 at 12:33 AM

This blog provides information regarding short sale investing. As per my view, for success with investing property investment you should buy property at low cost & select an excellent location. Really nice description shared by you!

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