Finding the Right Short Sale Real Estate Agent in Des Moines Iowa Area

Finding the Right Short Sale Real Estate Agent in Des Moines Iowa Area
Finding the Right Short Sale Real Estate Agent in Des Moines Iowa Area or any area.There are many things that need to be taken into consideration when looking to find the Right Short sale agent in the Des Moines area or any area. It doesn't matter if the home owners are looking for help to re-modify your loan to keep the home or if you are looking for an alternative to avoid foreclosure. Picking the right agent is very important and will make or break what you are trying to get done.
Most Real Estate agents have no idea what an short sale is, so you can bet they don't know how to do them. Yet they will still take a listing just to have a sign in the yard to try and get sign calls with no intention of every selling that home. I recently called a local agent in our market to show one of his listings I asked him specific questions as one should about a short sale Who is lender, is paper work collected, how far behind are they, has BPO been done and a few more the answer I got on all of them was " Um I don't know" then he proceeds to say if I where you I wouldn't even show it is not going to sell the only reason I took the listing was to try and get sign calls. My first thought to this was are you serious who are you helping this home is going to go into foreclosure because you are have no clue what you are doing.
So this got me thinking who else is out there that is going through this same situation and not even knowing that is it happening. So here are some tips and questions to know if you have found the Right Short Sale Real Estate Agent that can successfully sale your home short or help in some other alternative to avoiding foreclosures.

1) Please Remember just because an Agent has a designation does not mean they know what they are doing. I know of multiple cases where agents have a designation for some field of expertise and the fact is they know nothing.
2). Ask the agent for some literature on Short Sales and modifications, if they are truly skilled in dealing in distressed mortgage situations they will have these for you readily available.
3) Ask the agent how many short sales the have currently working, how many they have closed.
4) Ask the agent how they advertise/
5) Ask the Agent to explain to you how their systems are set up for doing short sale or foreclosure alternative.
6) Ask the agent if they handle the short sale negotiationson their own or if they have some one help them with this. If the say they have someone help them be careful of this there are some people who do this by the books and some who walk a fine line between right and wrong. So ask alot of questions if some thing doesn't seem right then chances are it it is not.

7) Ask the agent if they submit more than one offer to the lender at the same time, if they say yes your going to be looking at a much longer time frame and chances of the short sale ever getting approved are slim. Short sale negotiators have 200-400 files per person. So if you submit multiple offers on the same property it will lengthen the time frame. Only one offer should be submitted to the lender for review all others should be presented to sellers and held as back up.

8) Ask the agent who he works with as far as attorneys, cpa's that they may use at times in the short sale or foreclosure alternative process.
9) This may be the most important of all if the agent asks you to sign anything has the property deeded to someone else or transfer power of attorney. Some advise seek a legal council before you ever do this. Once you sign over your property you know longer have rights to it, BUT you still have to pay the mortgage.
There are more questions that you could ask these are some of the most important that should be asked.
Asking these questions and doing your home work will help you in Finding the Right Short Sale Real Estate  Agent in Des Moines Iowa Area or any area. 
I cant stress enough how important chooseing the right agent is in any transaction especially in a distressed situation.
Your able to find all that you need to know about foreclosure alternatives. at www.shanestopsforeclosures.com or www.shanetorres.com


Thanks
Shane Torres, REALTOR® CDPE / SFR Certified RE/MAX Real Estate Concepts
1830 Princeton Dr. Ste C
Grimes, IA 50111
Licensed Real Estate Agent in Iowa

Phone 515-202-5894
Fax     866-838-0904
shane@realestateconcepts.net
shanetorres@remax.net
reoshane@realestateconcepts.net http://shanestopsforeclosures.blogspot.com/

For Information on short sale visit www.shanestopsforeclosures.com
visit my web site at www.shanetorres.com for more information on current listings