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A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

Northeast OH – I’m writing a series in response to a number of big misconceptions I saw on a personal finance website online.

I don’t know if the personal finance write either didn’t know about short sales and was pretending to be an expert, or they were being fed bad information.

It could have . . . → Read More: A Sixth Common Northeast OH Short Sale Myth: Banks Accept Short Sales Because Foreclosure Auctions Bring Much Less Money

The Biggest Mistake Buyers Make When Buying A Short Sale

Northeast OH – We get all sorts of questions from buyers trying to purchase short sales. “We made an offer on a short sale almost 2 months ago. We haven’t heard anything back from the bank. Why won’t they approve my offer?”, they ask us.

Click here to discover how other sellers successfully did . . . → Read More: The Biggest Mistake Buyers Make When Buying A Short Sale

4 Keys To Successfully Buying A Northeast OH Short Sale

Northeast OH – Buying a Short Sales can be a great way to get a good deal on your home purchase. However, you need to be aware of what is involved with buying a short sale.

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

Here are four . . . → Read More: 4 Keys To Successfully Buying A Northeast OH Short Sale

Northeast OH Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?

Northeast OH – The most likely reason why a bank would accept to issue an extension on a short sale is because the bank prefers to do the short sale over the foreclosure.

This is a reason why your agent needs to continue to tell them on why the short sale will be beneficial . . . → Read More: Northeast OH Short Sales: Why Would a Bank Issue an Extension on a Short Sale Approval Letter?

Northeast OH Short Sales: Why Bank Of America Is Offering A New Short Sale Program

Northeast OH – A cooperative short sale may be a good option depending on your situation.

But, you need to remember that Banks are not in the business of making life easier for its customers, much less anyone trying a short sale.

Click here to discover how other sellers successfully did a short sale . . . → Read More: Northeast OH Short Sales: Why Bank Of America Is Offering A New Short Sale Program

Northeast OH Short Sales: Should you be embarrassed to short sale?

Northeast OH – Many people are embarrassed that they are short selling their house. They feel like they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived perfect, responsible financial lives. Then the real estate . . . → Read More: Northeast OH Short Sales: Should you be embarrassed to short sale?

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: 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: Not Learning The Buyer’s Motivation

Northeast OH – Despite what you have been told price isn’t the only reason people buy. Maybe they really like a certain feature in your home.

They might be willing to pay more because of that feature. Sometimes they might even absolutely love that feature.

They have been home hunting for a while and . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation

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