Steps 2,3 & 4 of The 5 Steps to Listing a Successful Short Sale

By
Real Estate Agent with SANDALS REALTY GROUP, INC

Steps 2,3 & 4 of  The 5 Steps to Listing a Successful Short Sale

 

Step 2: Take Pictures, Two Sets

When you are at your initial appointment with a short sale seller, you need to take photos the same way you would with any other listing, only you need to take two sets.

The first set of pictures is the one you would normally take for marketing: front of the house, back yard, kitchen, living area, bathrooms, etc. The second set should include specific pictures of any damage to the property or repairs that it needs. These should be as detailed as possible. Use a Photo Log to help ensure you keep everything in order.

Step 3: Damage and Repairs, Record the Details

As you take pictures of the property, complete a Repairs and Damage Form. This will be very valuable to you later when you begin negotiating with the bank. You also don’t want to have to make repeated, unnecessary trips to the property, so you should aim to accomplish as much as possible on the first visit. Go room by room and note everything.

 

Step 4: Initial Title/Lien Search

 

We recommend you have an initial title search done on every distressed (or otherwise) property you list. For a short sale, this is especially important, because if you have liens, fines, code violations or other clouds on the title, you need to see if they can be removed or negotiated immediately.

 

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Rainer
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Robyn Heathcock
IRG Real Estate - Frisco, TX

Good article, very informative.  It is definitely a good idea to take two sets of pictures - that way you have an acurate assessment of the property for the bank.

Feb 23, 2012 12:49 PM #1
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Shelda Hodges

PA CIAS CDPE CFS CSP ASD LDPD HAFA West Palm & Surrounding Areas
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