How Do You Negotiate A Real Estate Short Sale?
If a lender can sell distressed properties without taking a big hit, then they will work with you on a short sale. However, negotiate a short sale with a lender can be tricky. It takes time, patients, and a good knack for problem solving. By knowing how to find the right home, filing all the appropriate paperwork, and working with the lender on a fair price, you can successfully short sale a home. Finding the right short sale home takes time. If you are looking to make a nice profit, don’t rush out and scoop up the first available short sale you find. Do your research on the web to find listing. Connect with homeowners who are more than three payments behind because at this stage they have already received a Notice of Default. Both the homeowner and the lender are motivated at this point. It is unlikely that the homeowner will be able to catch up payments, and the lender is willing to salvage any losses from the property. Once you identify the property you wish to short sale, it is imp
