subject: Is Pursuing A Short Sale Good? [print this page] Buyers are half-hearted in pursuing a short sale. This would either entail acquiring a property with a great value or failure. Undeniably, the distressed of the seller leaves the buyer with enormous opportunity. It's a matter of seeing and perceiving the opportunity when it presents itself. However it would still heavily depend on the circumstances of the buyer and the optimism towards the result of the process.
What I look for when I want to match a buyer up for a short sale opportunity is the profile of the buyer. If the buyer's life circumstance such that they can hang in there for all the time it may take for a short sale to go through. It is necessary for Washington DC realtors to look into the background of the buyer to be able to assess not only the willingness but also the capacity of the buyer to handle tough feats during the short sale.
Moreover, the disposition of the buyer also needs to be assessed with utmost care. Short sale proceedings are often confusing and chaotic with very less clarity. Though your Washington DC realtor knows all the ins and outs of a short sale, but it may well be the case that he does not have answers to all what is happening. The entire process is a very bumpy journey and confused and frustrated buyers leaving mid way are a common sight under such circumstances. Thus, assessing a buyer in terms of his disposition is important so as to assess whether he is strong enough to understand and handle the short sale process.
Knowing the risks and the possible problems about short sale is the responsibility of the Washington DC realtor; hence it is important to assess both the seller and the buyer. Two things that I'm looking for to match a buyer against a good short sale opportunity is: 1) when it's the right moment in time they can hang in there and; 2) that they've got the willingness to go a lot of bumps and bruises along the way.
Properly matching a buyer to a short sale is a talent and also a skill that realtors must possess so that no one ends up getting more distressed during the short sale. We wouldn't want the seller to be in deeper problems during the short sale because this is his last resort in making up for his financial problems. There are many properties that are up for short sale, but the buyer should be open-minded and should be up to the task.
