If you feel that you are in a situation where your best bet would be to hold a strategic short sale, you can do it effectively with the help of a real estate agent who is an expert in short sales. Not only are they highly skilled in negotiating with lenders to agree to a strategic short sale; they also know a lot of great marketing techniques that will help you find a buyer as soon as possible.
If the owner of a home has been struggling to be able to pay off his monthly mortgage and feels that his home might be foreclosed on, a short sale is one of the options that he has. What do you do, however, if you just want to sell your home right away because it doesn’t make sense to continue paying for something that was not as valuable as it was when you first bought it? If this is the case, then a strategic short sale might be the answer.
When you mention a ‘strategic short sale’, you’re talking about putting up your house for sale because the value of your property has fallen way below what you still owe in mortgage. The main difference between a regular short sale and a strategic short sale is that when you hold the former, you will need to be experiencing a kind of problem that is causing financial trouble, like a divorce, a death in the family and unemployment. In this situation, an investor is usually just making a business decision because continuing to pay for the property would seem pointless.
One of the great advantages of holding a strategic short sale is that its effect on your credit record is not as terrible as it would have been if your house had undergone a foreclosure. Furthermore, because a strategic short sale is not an indication that a homeowner has a bad credit standing, lenders are more likely to agree to one. A strategic short sale will also allow you to put your money in a worthier investment than a home that is failing in value.
One the other hand, a strategic short sale is not without its downsides. If the lender knows that you can afford some sort of contribution, they will ask for it before approving your request to hold a strategic short sale. Also, because you have agreed to sell your house for less than the mortgage that you still need to pay, a strategic short sale can also affect your credit score.
Should you make a decision to sell your home through a strategic short sale, you will greatly benefit from hiring a real estate agent that specializes in one. Aside from effectively negotiating with your lender so that they will let you have a strategic short sale, they can also use all effective marketing strategies to help sell your home quickly.
Staying Safe in Your Apartment
If you’re still in the process of looking for an apartment, make security one of your priorities, and be sure to let the landlord know any safety issues you may have about his apartment. While renting a unit, don’t be a victim to anyone; always pay attention to the things that you’re doing and keep an eye out for anything and anyone shady around your apartment.
Relocating With Your Children
Taking these suggestions to heart will help make sure that they won’t dread moving away and will look forward to it instead.
Assessing a Buyer’s Purchase Offer
Homeowners who put their houses up for sale before know all too well that you shouldn’t expect to get exactly the amount that you put on your property. With this in mind, some sellers might settle for a buyer’s offer even if it’s less than what they want, particularly if their home has been in the market for a long time.
