Short Sales In Lawrenceville

There's a lot of buzz about short sales lately and there's a lot of myths and people getting rich off of teleseminars that don't really give you the goods on how to profit from a short sale or even why you would want to help the people that are going through the situation.  I'm happy to report that I am very actively working short sales and my clients (the sellers) are often coming out with a crisis averted.

If you are not familar with what a short sale is, please visit the Jarvis Team Blog post to catch up, but in short, a short sale is when the bank agrees to take less than what is owed to them.

Most people get confused about short sales and foreclosures.  There are many of these types of homes in Lawrenceville, but there is a distinction from the buyer side and the seller side.  To find out more about the the differences to the seller, please visit this link, because the significance between letting the home go to foreclosure or opting to do a short sale is HUGE!

For now, let's focus on the buyer.  There's some key things about short sales that you need to know:

• Can take a long time to negotiate... 6 months on average (from the very start)
• Depending on the listing agent, you may or may not have someone competent in short sales
• The account manager for the bank is overworked and underpaid, making communication in some cases very difficult
• The use of an attorney to assist in negotiations is recommended.
• You should be buying the home 5% to 10% under the current Foreclosure market value.

Now should you find a short sale prospect on your own that is not listed, the transaction can get more complex and/or more creative.

The bottomline is that Short Sales can really help the home owner avoid financial catastrophe and make a great profit for an investor or buyer.

If you know anyone in a financial hardship please contact me at 770-374-4667.  If I can't help I can refer people who most likely can.

If you're a Realtor who doesn't know how to handle short sales or doesn't want the trouble, please send me the referral, I'll still pay out a referral fee.

Joshua Jarvis

Keller Williams Realty
M: 770-374-4667
Atlanta Short Sale Listing Expert
Blog: http://www.gahomesdigest.com/blog
"Putting the Real In Realtor"

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Oh and by the way... I'm NEVER too busy for your referrals.

Contact Me:

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