Note: Ah-Ha of the Day was created with the real estate professional in mind, but may be applied in other industries and provide great information for home buyers & sellers.
As a seller’s agent, do you list short sales? If you do, are you listing them in the Multiple Listing Service (MLS) immediately following the signed agreement from the seller?
It may be in your best interest, and more importantly your client’s best interest, to wait at least 7 days prior to making the listing active. This gives the client the time and opportunity to talk to legal and financial counsel should they so choose.
If you list the home immediately, is there potential liability you could face? When did your client have an opportunity to talk to legal and financial experts?
It may also be in your and your client’s best interest to have a disclosure explaining their options for legal and financial counsel as well verbiage they have an opportunity to seek advice and will pursue this option or they are rejecting this opportunity.
You may want to talk to your broker as to what disclosures, if any, they may have or would like to create, to address this everchanging market.
Please feel free to comment on any Ah-Ha given. I don’t have all the answers, but we can learn things together and collaborate to make things better!
Home Buyers & Sellers: Have you considered buying or selling a home in the Scottsdale/Phoenix area? I have a great passion to help my clients in buying and selling one of their greatest assets. If you are looking for an agent with integrity, dedication & great customer service, please email me Jamie@TickledPinkHomes.com or call/text 480-734-1971. I would love the opportunity to help you in this exciting journey!
SPECIAL BONUS: How would you like to search the entire MLS, JUST LIKE ME?! Go to Scottsdale Arizona Homes For Sale and get started. It’s the same tool that I use and it gives you LIVE & MOST ACCURATE RESULTS. You’ll love it!!
Realtors: Is your Real Estate Career or Company taking you where you want to go?
Need MORE business? Need MORE leads? What has your company done for you lately?
Ask Me Why… I joined eXp Realty
More Info: The World’s First Fully Immersed Web 3.0 Real Estate Company
View this article at: http://www.tickledpinkhomes.com/2010/07/ah-ha-of-the-day-short-sales-seek-legal-counsel/
About the author
- Fannie Mae Freddie Mac Announce Holiday Evictions SuspensionDecember 3, 2012
- APS Electric Light Parade 2012December 1, 2012
- Big Brothers NeededNovember 30, 2012