The Short Sale Myth
Good Agents Don’t List Short Sales Because The Bank Always Cuts Their Commissions
A Good agent who understands the Short Sale Process won’t let the bank dictate the terms especially their commission.
A Good Agent will work hard to put together a good deal and move the file forward and deserve their full commission.
Also a bank has no right to dictate the terms between you the seller and your agent.
Legally they can only accept or decline.
When a good agent arranges a short sale they are helping the bank. Albeit the agent is only helping them lose LESS money. The Agent is saving them from the additional risk, cost, and hassle associated with foreclosing on a property, selling it as an REO, and hoping it will sell at all – let alone for fair market value.
By allowing the bank to dictate terms, it shows that the agent is not approaching the negotiations with confidence that you have a good offer which is in the banks best interest or yours.
Remember, it is the banks job to cut every corner imaginable and they will try.
If the agent you hire is willing to negotiate away his commissions, his livelihood, the thing HE counts on to survive almost instantly then you have to wonder what he negotiated away from you without concern.
To connect with professional short sale agents who are able to negotiate on your behalf as well as theirs, contact us at OCForeclosureOptions.com and we’ll connect you with an agent in your area with the right amount of knowledge, the right amount of experience and the right tools to get your short sale closed the right way.
