Most experienced Short Sale Listing Realtors ® facilitate the short sale process themselves. There are a number of reasons but the main reason that 2ShortSaleGuys does it this way is so that we can close the transaction as fast as possible.
At 2ShortSaleGuys, our average days on market from listing to closing is 111 days. It takes us on average 46 days to get an offer and then another 54 days to get approval of the short sale itself. The purpose for us to get the package up front is that a lot of the banks are going to the Equator system to process the Short Sale Listing Online. When using this system, the Short Sale Listing Realtor has timelines that they have to follow or the Short Sale process will be declined and the Short Sale Listing Realtor will have to start over. Typically when a negotiator asks for a particular document, they give the Short Sale Listing Realtor 48 hours to get it back to them. This doesn’t leave much time for the Realtor to call the homeowner, ask for the document, wait for the homeowner to get the document, let them go find a fax machine to get it to the Realtor. At that point, the Realtor has to get it back into the Equator System for review.
We have made it a policy that we will not put any Short Sale Listing into the multiple listing services until all documents have been submitted to us. We have found that when we get the Seller to do the work upfront, it makes for an easier Short Sale Listing Transaction once we have an offer in hand.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
