Sellers
Long Island Short Sales
SELLERS GET THE CURRENT VALUE OF YOUR HOME
If you are having difficulty paying your mortgage, a short sale may a very good alternative to foreclosure and is certainly a better option than simply avoiding the problem.
Much of what is necessary for you to know about short sales can be found on my about page.
Here I want to share my 3 Point Plan for qualifying, marketing and selling your property via a short sale proceeding.
1. Qualifying - Our team of agents and staff can quickly determine if a short sale is a viable option for you. We do not waste time. Our legal partners in the business, will assist you in understanding whether or not a short sale negotiation with your lender is possible or likely. We measure the likelihood of success - upfront. We do not simply “take a listing” and hope it all works out in the end. This will cost you time, money and emotional frustration.
2. Marketing - Pricing on a short sale listing is vital to the success of the transaction. The home should be priced aggressively in order to spur maximum buyer interest, get a qualified buyer and offer to the bank as quickly as possible in order to determine appropriate negotiations with your lender. Your lender will eventually provide us with information that indicates what they are willing to accept as a short on the amount owed. So pricing the home aggressively and then making adjustments thereafter is key. Information from the lender is vitally important.
As a Listingbook professional, I use internet technology for maximum exposure. As your agent, I can feature your home and highlight your listing for all of the buyers in the Listingbook community - over 17,000 buyers and agents actively searching every month!
Your home will also be featured on websites such as Realtor.com, Coldwellbanker.com, craigslist.org, realestatebook.com, nytimes.com, mlsli.com, trulia.com and more.
Traditional methods of advertising include The Real Estate Book, Newsday, and local papers. What goes into these ads is also important. I design my ads so they get calls. On average, my ads receive 25% higher call volume than other agents in my office because I know what to put in the ads to promote maximum interest!
3. Selling Your Property - Once we have an offer, it is up to me to ensure that the lender responds quicker than the norm. On the average, it takes a lender anywhere from 30 to 60 days to provide a response to offers - if the agent negotiating the sale is not aggressive. Thirty days in this market might as well be a year. This is an ever-changing market and one buyer that is interested today, probably will not be interested a few weeks from now, simply because there are over 25,000 listings throughout Long Island!
Our attorney of choice understands the necessity of negotiating quickly with the lender. And here’s the difference. An agent who doesn’t know what they’re doing, faxes an offer on your house to the bank on a Monday…and that’s it. They call the bank, at the wrong time of day, only to stay on hold for a half hour, then hang up, only to wait a few weeks before the bank gets back to them. Compare this to the attorney we recommend, which is dedicated to the short sale business, and faxes the offer on your house, for 12 days straight - every day like clockwork. The office calls the lender at the right time of day and speaks directly to someone as they fax the offer over to the bank.
This is just one example of how we sell your home.
A note about Fees For Service (the commission): The fee for service is negotiated with the bank.
YOU PAY ME NOTHING. The fees are paid in the transaction, just like a normal real estate sale.
I look forward to implementing my 3 Point Plan to assist you with selling your home. Please call me at 631.831.9048, with any questions you might have. Every call is confidential and I handle every person with dignity and respect. That’s absolutely guaranteed! You can also email me here.
Thank you!