America's Largest Social Network for Default Real Estate Professionals
Qualifying a Listing agent for a short sale
Lets face it. Time is money. When working as a buyers agent in a short sale, it is extremely important to qualify the listing agent for competency. After all, the last thing any agent wants is a wait of several months in a short sale that is going nowhere fast due to inexperience of the listing agent, only to have the buyer back out of the transaction.
Prior to showing ANY short sale listing, its a good idea to screen the listing agent to see if it is worth spending your time and your buyers time on it. When working as a buyers agent in a short sale transaction, you will want to quiz the listing agent to see what their knowledge and experience is with short sale transactions, you will want to use caution if the agent is inexperienced or not confident.
Here are some helpful questions to ask a listing agent:
A good rule of thumb is that the listing agent should be "hands on" when it comes to the process, have knowledge of the process, and be able to give updates when needed. Taking the time in advance to ask some questions like the ones above will ultimately save you and your buyers many headaches in the long run. Doing so can lead to a much smoother transaction, and ultimately a much happier buyer!
Check out our FREE short sale agent networking and resource
as well as our listing referral program and online training course!
One Home at a Time"