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Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales

Northeast OH – A Short Sale can help you avoid owing your bank for losing money when they reject a short sale offer. Here is an example of how a bank lost money by delaying the short sale process.

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

. . . → Read More: Northeast OH Short Sales: How Bankers Lose Money By Being Incompetent On Short Sales

Northeast OH Short Sales: More Examples of Stupid Things Banks Do On Short Sales

Northeast OH – We received an email from another agent named Mark that shows how the flawed short sale process causes banks to lose thousands.

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

Here is the email from Mark. “I have been working on a Short Sale . . . → Read More: Northeast OH Short Sales: More Examples of Stupid Things Banks Do On Short Sales

Northeast OH Short Sales: What To Look For In A Buyer's Offer

Northeast OH – Short sales often get multiple offers from different buyers. Which offer should you accept over the others?

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

Most people would assume that you would automatically pick the offer with the highest price. However, this isn’t always . . . → Read More: Northeast OH Short Sales: What To Look For In A Buyer’s Offer

How Does A Northeast OH Short Sale Affect My Credit?

Northeast OH – A successful short sale helps the seller to avoid any credit damage that could be brought about by a foreclosure.

Such damage is not something to admire as it may take a minimum of seven years for someone before it goes off your credit report. That is why is it best to . . . → Read More: How Does A Northeast OH Short Sale Affect My Credit?

Why Your Agent Should Check That Appraisals Are Accurate For Your Northeast OH Short Sale

Northeast OH – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.

There are a lot of opinions on how to ensure the appraisal is correct and accurate. You need to check and make sure your agent is willing . . . → Read More: Why Your Agent Should Check That Appraisals Are Accurate For Your Northeast OH Short Sale

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

Who Pays The Costs In A Northeast OH Short Sale?

Northeast OH – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works.

The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost . . . → Read More: Who Pays The Costs In A Northeast OH Short Sale?

Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

Northeast OH – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

Click here to discover how other sellers successfully did a short sale and . . . → Read More: Northeast OH Short Sale Myth: Anyone Can Negotiate With The Lender

A Common Northeast OH Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start

Northeast OH – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price.

Don’t fall for it. You’ve already made the first move by setting a price for your home. Tell the buyers that you need to think it . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start

A Common Northeast OH Short Sale Negotiation Mistake: Talking Too Much

Northeast OH – This is the worst sin of negotiating. Don’t tell the buyer’s or their agent your life’s story.

What do you think would pop into a buyer’s head if they heard this out of a seller’s mouth? “We must sell the home because it is in foreclosure and if we don’t sell . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Talking Too Much