Redding Real Estate – Short Sale Advice – Careful Who You Talk To--I was on Trulia Voices over the weekend and one of the questions being answered by a number of Realtors/Real Estate Agents was about Short Sales.
I was amazed at how many agents were giving legal and financial advice. The question of whether a short sale is the best alternative to foreclosure depends upon a person’s situation. Because it has ramifications on a legal and financial basis, the question can only be answered from a fragmented approach. As consultants in real estate, we as agents find it difficult when non-professionals give real estate advice or mislead with conjecture. The same is true of the other professional fields. I would not go to an attorney to learn about a medical problem.
As we learn and grow in this world, we acquire the knowledge that we must be in charge of our lives and realize that we cannot leave important decisions to others. We must manage our own affairs because no one will do as good a job and be as responsible about the outcome as we will.
When it comes to short sales, you as the Seller must learn about your options. You must speak with an attorney and/or financial professional based on your specific situation. They will advise you on how best to protect yourself and your remaining assets.There are times when you are better protected by foreclosure law or bankruptcy law.
If a short sale is the best alternative then you will want to research and learn about the agents in your area. You will want to find someone that has taken training and has closed many transactions. The one thing about short sales, is that it is dynamic in nature and changing. We learn all the time how to do things better. Any time that you are working with markets (dynamic and changing in nature) you will want to make sure that the professional you choose is current on trending market conditions and has invested in training, certifications and staying abreast of the latest in that market or niche.
Don’t let others make your decisions. You must do that yourself and you must be knowledgeable about doing so. If an agent tells you that the Short Sale is the only way to go and everyone is better off doing a short sale….well keep looking for another agent.
I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone.
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