Myths About Preventing Foreclosure Gwinnett Georgia - The 3 Myths You Should Know by Now

Myths About Preventing Foreclosure Gwinnett Georgia - The 3 Myths You Should Know by Now

In this article sequence I've been breaking down short-sale myths and giving people a lot more info about opting for a short-sale. Should you have seen the other articles, you will be aware that I work daily preventing foreclosure Gwinnett Georgia. I come into contact with many, many people that are taking back power over their economic future by attempting a short-sale in areas around Georgia. Although the majority of these are taking a route that most closely fits their circumstances, many are not.

Folks make short-sales seem like an effortless option to the buyer along with the seller, which is just not right. Short-sales may be the best choice for you and can save you from the heart ache of foreclosure, but if you don't approach it properly it can truly result in headaches. This article is focusing on breaking a number of the myths with regards to finding the right short-sale broker or realtor for you.

Just before I begin, despite the fact that I am a short-sale broker you can get a realtor and bargain with the loan provider yourself. If you choose this option, make sure you do a lot of reading prior to negotiating with the the mortgage lender. I would also advise that you have an attorney go through the short-sale contract for you as there are actually often concealed clauses.

Exactly how do you decide on a short-sale broker / agent?

1. Myth number 1 : Track record is the only factor. There are other factors but track record is really an essential one. If your prospective broker / agent has only achieved 3 sales in the last twelve months, this will give you a clue they are maybe not your best option. Ask to see evidence of recent achievements and also to view their profile. An effective broker / agent is going to be happy to do this.

2. Myth number 2 is the bigger the better! Big brokers and real estate property agencies are not necessarily the best option. The most significant thing is that they know where you live inside out. Like I mentioned, I concentrate on short-sales and particularly in preventing foreclosure in Gwinnett Georgia. Your own broker / agent must be focused on a particular location since they ought to know that market place completely. Ask them to illustrate their local know-how.

3. Myth number three is that this procedure is way too complex for you to understand. Your broker / agent should also be prepared to offer you a plan of how they are going to be providing their support, regardless of whether this is the total short-sale process or, simply advertising your property. This demonstrates they are well-organized and understand what they are doing. This actually also gives you a good idea of what you should expect from the procedure and allows you to keep track.

So there are the top 3 myths on the subject of choosing a broker / realtor. The best representative for you personally is not necessarily the biggest or even the cheapest. The best representative is the one that listens to what you would like from the short-sale process, keeps you well informed and knows your local region. An enormous tip for selecting a representative is requesting testimonials. Every time a client considering preventing foreclosure Gwinnett Georgia approaches me, I've got testimonials along with a portfolio to provide them right away. If your prospective representative cannot do the same, this can indicate they either do not have the practical experience or even haven't completed satisfactory work with earlier clients.

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