This is an excellent article on why you need to hire professionals to help you with this! Luckily they don’t cost a thing! Here’s some tidbits that are important to remember:
- The JarvisTeam has a 90% success rate (significantly higher than the 23% national average.
- We handle the paperwork and have connections at the bank from our volume, none of this “not knowing.”
- We have buyers ready to go who are patient, from this website.
- We have a full time negotiator so that you (and I) don’t have to wait 3 hours for a response.
I’ve highlighted the things in the article that I think are worth while. Help is coming to shorten the process, but it’s likely that Government involvement may not streamline anything. Here’s the article from USA Today about frustrated sellers.
Scores of homeowners who thought they’d cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing market’s recovery.
Instead, many homeowners are watching potential buyers walk away as months pass while they deal with lenders’ lengthy delays, lost documents and unreturned calls, according to the National Association of Realtors (NAR). Not all the snafus are lenders’ fault; inexperienced real estate agents who fail to turn in complete paperwork also are causing holdups, as are severely underpricedhomes.
The problems have become such a kink in the market’s recovery that banks and the federal government are launching new efforts this month to simplify and speed up the short-sale process.
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