Las Vegas Realtor Shows 4 Entities That Could Cause Problems in Short Sales

LAS VEGAS REALTOR SHOWS 4 ENTITIES THAT COULD CAUSE

PROBLEMS IN SHORT SALES

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LAS VEGAS REALTOR SHOWS 4 ENTITIES THAT COULD CAUSE PROBLEMS IN SHORT

SALESThere are four different entities that are working with each other in order to conduct a short sale and these are the seller, buyer, realtor, and lender.

The seller is the person who sells the property to save himself from mortgage. The buyer is the person who is willing to pay for the property.

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SALES

A Las Vegas realtor is someone who will be working on the documents to complete the transaction.

The lender is the person who releases the money in order to allow a person to buy the property.



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The lender who causes problems is the one who gave the seller a loan to buy the property.

Short sales are conducted because the person no longer has the capability to pay for the mortgage; hence forcing him to sell the property at a much lower price.



SALESWhen a lender sends an appraiser to determine the value of the property and found out that it is being sold for a price lower than its value, the lender, in some cases, won't approve the short sale.

The Las Vegas realtor or real estate agent could also be a reason why it is so hard to do a short sale.



SALESSince the property will be sold for a much lower price, the realtor will receive smaller commissions.

For example, if they normally receive 6% commission for every sale and will receive 4% for a short sale; the realtor won't show it to the buyer.



SALESSince they will be doing the same work to close the transaction, they think that it would be better for them to simply hide the short sales and focus on selling normal properties.

The buyer could also be a problem in some cases, because there are buyers who cannot wait for months to get a new house.



SALESNormally, short sales would take months, and if a buyer cannot wait this long for a property, then he would simply ignore the idea of buying short sales.

A Las Vegas realtor won't be able to do anything with it, even if he is eager to sell the property, because of the time that it will take to close a short sale.



SALESThis is also one of the reasons why there are Las Vegas realtors who are having problems in closing short sales.

The seller, regardless of his need to close the deal will, in some cases, decline the sell the property due to the fees that he needs to settle.



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There are some people who would simply wait for their property to get foreclosed instead of paying for the fees, because they think that it won't advantageous for them.

It is not that common, but this situation will occur in some cases.



SALESLearn more about the things that you can get from a Las Vegas realtor by visiting my website now!

I can provide you with all the information that you need, and you can be assured that you will always get the best from a Las Vegas realtor. Visiting my website will also show you why I am the best Las Vegas realtor that you can get.


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LAS VEGAS REALTOR SHOWS 4 ENTITIES THAT COULD CAUSE

PROBLEMS IN SHORT SALES

Brought to you by:www.ToddMillerTV.com

Las Vegas Realtor Shows 4 Entities That Could Cause Problems in Short Sales

Real Estate

Transcript of Las Vegas Realtor Shows 4 Entities That Could Cause Problems in Short Sales