Finding a short sale buyer today is easier than ever.
If you would have tried to find one a decade ago, it would have been much more difficult.
While the surplus of short sale Brooklyn buyers is great in theory, reality is a bit different.
It seems like for every reliable, trustworthy short sale buyer there are ten others just out to make a quick buck regardless of how the homeowner is treated throughout the process.
The only way you will be able to take advantage of all of the benefits a short sale offers is by working with a buyer you can trust.
Short Sale Real Estate Can Attract Unsavory Characters
It seems like there is always a new get rich quick scheme on the horizon.
Many people approach short sale real estate with this mindset.
There is no doubt that many short sale buyers are reputable, trustworthy, and easy to work with.
At the same time, there are also a lot of shady characters trying to weasel their way into the industry to make a quick buck at the expense of homeowners.
So how can you tell if your short sale buyer is one of the good guys?
There are a lot of characteristics all of the best short sale real estate buyers have in common, but there are four that are easy to spot.
Only Work with a Short Sale Buyer Who is Upfront about the Process
The first sign your buyer is a good one is they are ready and willing to help.
Quality buyers understand exactly what you are going through because they have worked with a lot of other homeowners in similar situations.
They are completely upfront and honest about the process.
They can answer any and all of the questions you may have with straightforward answers.
Most importantly, they won’t guarantee the results.
Even the most experienced buyers can’t guarantee that your lender will accept their offer.
A Good Short Sale Buyer Makes an Honest Offer the First Time
There are a lot of companies out there claiming “We Buy Any House”, but many of them won’t.
The short sale process can be fairly quick or take a while longer than expected. Reputable buyers understand that you want to get past this situation as quickly and easily as possible. Nothing slows a short sale down faster than going through an unnecessary bid negotiation.
If they continually make low ball offers, your lender will simply reject their offer and you are back to square one.
A good buyer will only make an offer they think your lender will accept.
They Need to Know the Brooklyn Real Estate Market
To make a realistic assessment of your situation, it is important to work with buyers who are already familiar with the Brooklyn real estate market. There are a handful of nationwide franchises that send out representatives to every corner of country to assess home value.
While they cover a lot of area, they get spread too thin to really understand what Brooklyn is all about.
Working with a local short sale buyer is much easier.
Never Underestimate the Benefits of Working with an Experienced Short Sale Buyer
At a glance, short sale vs. foreclosure is not competition.
A short sale offers numerous benefits that foreclosure does not.
The key to getting the most out of a short sale is working with a buyer who truly understands your situation and what to make the entire process as easy for you as possible.
The best short sale buyer will answer all of your questions upfront, won’t pressure you to make a deal, and understands the local real estate market.