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A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Northeast OH – Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don’t know what they are doing.

Because of this, many buyers shy away from short sales. Or, if they do make an offer, then they still continue to look at other properties.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

If a better home comes on the market, then they will buy that home. Few fully commit themselves to purchasing that home.

Because of this many agents recommend leaving a short sale on the market, even when there is a contract in place. Recently, Bank of America even changed their policies specifically for backup short sale offers.

In my opinion, taking your home off of the market when we have an accepted contract is a mistake. The only exceptions are when the buyer puts up a large down payment or falls in love with a unique home.

We recommend keeping the home on the open market. All agents and buyers will be told there is a contract on the property and that they will be in backup position.

If the buyer really likes the house, then they will submit a backup offer. The whole process is frustrating and not straight forward.

But, we make the best of the situation and do what we can to make the process easier.

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at iandymorris@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (440) 348-5500

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Northeast OH loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Andy Morris.

Andy is a Real Estate Broker at Realty Trust Services.

Phone: (440) 348-5500. iandymorris@gmail.com.

View My homes for sale at www.rtserve.com.

Andy Morris specializes in loan modification assistance and short sales in Northeast OH. Northeast OH Modification Help, Northeast OH Short Sales, Northeast OH Short Sale Realtor, Northeast OH Short Sales. Northeast OH Realtor, Northeast OH Stop Foreclosure, Northeast OH Foreclosure Prevention, Prevent Foreclosure Northeast OH, Northeast OH Foreclosure Defense, Northeast OH behind in Payments.

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