Thank you for joining me today, I’m Jeff Reyes from The Jeff Real Estate Team. We are one of the leading short sale teams in the Central Valley and East Bay area and have helped many people avoid foreclosure by short selling their home.
Right now I am going to continue our series on the steps in the short sale process. The first two steps that we have previously covered are hiring a realtor and contacting the lien holder and starting the paperwork to list your property. The next step I would like to discuss, step three, in the short sale process is entering into a sales contract with the buyer.
What’s important to note is the difference between finding a buyer in the process of a typical real estate transaction versus a short sale transaction. In a traditional real estate transaction, we help you find a buyer for your home, you accept an offer, we open up escrow and 30-45 days later we close on the home. In a short sale transaction, as soon as an offer is received, documents are signed by both parties and submitted to the lien holders. It’s kind of a waiting game until an offer is received from a buyer, but after that we start negotiating with the bank to obtain an approval from them.
If you have any further questions in regards to the information that I just covered, or would like any more information about short selling your home, feel free to check out the information on our website, email us, or give us a call. We are here to provide you with some of the most exceptional customer service and current information in the business, all while assisting you in avoiding foreclosure and short selling your home. Please contact us at The Jeff Real Estate Team today.
Related info:
- The Second Step In The Short Sale Process: Contacting The Lien Holder
- The First Step In The Short Sale Process
- Notice Of Trustee Sale Within the Foreclosure Timeline
- The Jeff Team Discusses A Lender Reaching Out To Borrower Regarding Foreclosure
- The Jeff Team Discusses The Notice Of Default In the Foreclosure Timeline
About Jeff Green
Jeff listed and sold his first short sale in early 2006 at the beginning of the Real Estate Recession. While other agents rejected short sales because of their complexity and the work involved to successfully complete them, Jeff embraced them as a rewarding way to help home owners who were facing difficult times.
About Jeff Reyes
Jeff Reyes has been a REALTOR since 2009. In just six short months from starting his real estate career, he dominated the local internet traffic for short sales and started writing a weekly real estate article for the local newspaper. It is Jeff's passion to inform and equip the local community to be able to make smart real estate decisions. Outside of real estate, Jeff's major passions are vacations and his family.
