Buying a Wellington Short Sale: Be Prepared for Disappointment!

By
Real Estate Agent with Hansen Real Estate Group Inc.
Buying a Wellington Short Sale: Be Prepared for Disappointment!

Buying a Wellington Short Sale can be a very daunting and confusing process, especially if you are not working with an experienced Wellington Short Sale Agent who can guide you through the process.  This is the seventh in a series of post, which will serve to educate Wellington home buyers about the often misunderstood process called a short sale:

Buying a Wellington Short Sale: Be Prepared for Disappointment!
Buying a Wellington Short Sale: Be Prepared for Disappointment!

While most Wellington short sales will be approved, there is always a possibility the seller may be denied or not agree to their leinholders short sale approval terms.  

A few years ago I was working with a great buyer who was under contract on a beautiful short sale.  After waiting patiently for five months we were informed the seller would not agree to their lienholders short sale approval terms and their lienholder was not budging on their terms, so the deal fell apart.  Knowing anything can happen when it comes to short sales I educated my clients about all the possible outcomes I could think of, the good, the bad and the ugly.  While my client was disappointed they were grateful that I prepared in advance.

If you are interested in purchasing a Wellington short sale and need an experienced short sale agent contact me today!


Part 1: What is a Short Sale?
Part 2: Short Sale Negotiations
Part 3: Short Sales are NOT Short!
Part 4: Expect to Pay Market Value!
Part 5: Get your Checkbook Out!
Part 6: Have your Lender on Standby


Originally posted at
http://wellingtonhometeam.com/buying-a-wellington-short-sale-be-prepared-for-disappointment/

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Florida Palm Beach County Wellington Village Of Wellington
Groups:
Palm Beach Florida
Palm Beach County Homes for sale- South Florida Real Estate for Sale
Wellington Homes for sale- South Florida Real Estate for Sale
Palm Beach County Pros
Tags:
buying a wellington short sale
wellington short sale listing agent
wellington short sale

Comments 6 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
638,081
Gene Mundt
Mortgage Lender - Chicago/Chicagoland Mortgages
www.genemundt.com

Michelle:  Your clients are lucky to be working with you at their side.  As I see it, much of our service in any arm of real estate, has to do with the non-tangibles, and that includes emotional support.  Preparing your clients emotionally ahead of time for the possible disappointment they eventually faced was so very important.  You were, and are, their safety net.  Good agents, successful agents ... they understand this and act as you did ...

Kudos to you!  Best wishes for a great ending result for these clients ...

Gene

July 05, 2012 08:54 AM
Ambassador
1,449,259
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Waiting is definitely the hardest part.  Unfortunately the sellers may not approve of the terms and the buyers have to start all over again!  BOO!

July 05, 2012 01:54 PM
Rainmaker
694,339
Larry Brewer
Nashville Real Estate
Benchmark Realty LLc

I love it, and that' what buyers need to understand about the short sale market in Wellington Fl, or anywhere, you always have multiple offers, and in most cases buyers underbid and just waste a lot of time.

July 06, 2012 07:38 AM
Rainmaker
325,607
Shannon Milligan, Richmond VA Real Estate Agent
RVA Home Team - Winning with Integrity.
RVA Home Team with Jefferson Properties

They should be re-named LONG Sales! I am sure the Wellington Community is glad to have a Wellington Short Sale Specialist in you!

July 06, 2012 12:10 PM
Rainmaker
1,195,667
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Education is key, especially with short sales.  Thanks for stopping by!

July 18, 2012 10:34 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,195,667

Michelle Gibson

REALTOR
Have a Wellington Real Estate Question?
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information