How often do you come across the term short sales? When you her the term, what is the first thing that you tend to think about? Do you think immediately about an opportunity or is it something else that instantly comes to your mind?
When I think about short sales, I think of them as a way to avoid potential problems. I know that so many people around me have financial problems these days that I feel so sorry for them every time I hear that somebody’s property has been foreclosed and that person is without home being at the mercy of his family and friends. But when it comes to short sales, a person shouldn’t already worry that much. First of all, the term short sales sounds a lot better than the term foreclosure. While hearing about foreclosures might give you goosebumps, I never feel that way about short sales. Secondly, banks like to agree on short sales a lot more since short sales are more beneficial to them and allow them to get more money for the property. It is a win-win situation both for the seller as well as for the bank. Nobody has that much to lose when it comes to short sales.
I am not going to get worried even if I experience financial difficulties in the future and even I am going to face being forced to move out from my property because of this. There are tons of solutions available to me and I am going to discuss it with my lawyer next time I see him. From what I remember, he has some experience dealing with foreclosures and short sales, although I am not exactly sure for how many years he has been dealing with such cases. If I find his experience to be not satisfactory, I am going to contact somebody else than him. I am sure that he is going to understand why I choose to do so. It is always better to find somebody who is the most qualified person you can find for such jobs because you want to get as much money from your property as possible without making too many sacrifices.