As mentioned in yesterday's post, Interested In A Short Sale? Don't Believe the Myths, Read the Truth, we shared a few common misconceptions regarding short sales that may lead distressed homeowners to think negatively about the short sale process. Today, we have 3 more short sale myths to share with you starting with:
Short Sales Are Impossible and Never Get Approved
Now we do admit short sales may be a little more tedious and the homeowner may have to learn a new process, however this does not mean that short sales are impossible.
Agents who have obtained the title of Certified Distressed Property Experts or CDPE have been trained extensively in the processing of short sales and how to help distressed homeowners. In addition, these agents receive numerous short sale approvals every month.
Banks Are Not Accepting Short Sale Due to Waiting On A Bailout
Although you may have heard this absurd idea, this is not the case when it comes to banks. Actually, banks will do whatever is reasonably possible to avoid foreclosure and have now started to seek short sales and appreciate working with agents who are Certified in the short sale process.
Buyers Are Not Interested in Short Sale Properties
Many potential sellers may hear this myth on a regular however, like the others, this is not true. The reality is that agents receive numerous calls from potential buyers seeking foreclosures and short sales only. Many buyers view these properties as extremely great deals.
Looking for a CDPE agent? Contact the zac team RE/MAX Greater Atlanta. Address: 1057 Ponce De Leon Avenue Northeast
Atlanta, GA 30306 Phone: (404) 564-7200