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What To Anticipate During The Short Sale Process

Published February 13, 2011 in Bank America Short Sales - 0 Comments

My First Short Sale

Hi and welcome. We are Fred Weaver and Kevin Kauffman, Group 46:10. We are Arizona’s best short sale team. Here on this website there are many frequently asked questions to help you understand the short sale procedure and get to know us. We have completed greater than 300 short sales, a quantity unequaled in the state of Arizona.

One of the things that we wanted to chat about with you today is what you can expect from the short sale process. We can answer this for you with a few very broad answers, understanding that anything can happen in a short sale.

First, how long does it take to close a short sale? You will get some paperwork which will take about 48 hours to complete. When we have that information we will then list your property for sale. We will come to your home and take pictures, put up a sign and do all of the stuff that generally happens with any property sale.

Then we will market your property on the MLS and hundreds of websites that we have access to through our network of websites. What is expected to take place next is that a buyer, working with a real estate agent, will find your home through the MLS and wait for offers. We will reprice your home every two weeks until we get an offer. This procedure typically takes anywhere from 30 to 75 days. When we have an offer that we think the bank will agree to, we will negotiate with the lender. This negotiation procedure will take, on average, 50 to 90 days. Then we will let everybody know that the deal has been approved. We will then get your house closed in 21 days.

From filling out the form on our website to closing on your home it will take about five to seven months to close a short sale. It can surely occur quicker than that, but it starts by filling out a form on our blog today. Thanks and have a great day!

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

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