What Do I Do With A Listing That Does Not Have An Offer

An offer is golden key to getting a Short Sale approved by a lender. We will not submit a short sale file to any lender or servicing company without one.

If you don't have an offer do whatever it takes to get one. Even if an offer comes in low we submit it, it is enough to get the short sale process started. The lender and/or servicing company may not accept it, however, it may give us an idea of what they are willing to accept.

Tips on how to get offers on your short sales:

1. List the home on the MLS at 75% - 80% of the "realistic" market value. NEVER "fish" for offers on a short sale property!

2. Continue to reduce the price every 7 days until an offer comes in.

3. Have a handful of investors in your pipeline that will an write offer or letter of intent on any short sale property you list.

4. Take the important informtion off the property flyer (price, sq footage, number of bedrooms and bathrooms, acreage, etc), that way every interested buyer will need to call you directly for information. NEVER put "Short Sale" on your flyers!

5. Take the listing at your normal compensation rate. Don't just assume that the lender and/or servicing company is not going to pay full compensation.

6. Fax or e-mail the property information to Buyers Agents and Investor Agents that like to invest in short sale properties.

7. Although the seller is losing the home or having to sell short, stress to the seller that the home needs to be in showing condition at all times.

8. Access to the property must be easy!

If you have additional questions please call 1-800-480-1917 or simply e-mail it to ZOOMLossMitigation@gmail.com

www.ZOOMLossMitigation.com