Real Estate Investing Management

You should ask these questions of new or vet agents. Just because someone has been in real estate for over 10 and years does not mean they're experienced nor proficient at handling short sales.



If you're considering buying a short sale, your Phoenix homesRealtor should be educated and experienced with short sales in order for it to be a smooth and successful exchange. He/She should be able to simply explain the way the short sale process works in Phoenix and be in a position to explain and set expectancies property so every is in the club and prepared.



6 Questions to Ask Your Agent

1. How many short sales have you handled and closed? This is important to know. On the one hand putting in offers for short sales is a guide, but actually taking them to closing and going through the entire process is more important, that's what builds experiences and actual hands on know how.



1. Have you taken extensive academic classes about short sales? Education is vital. It's a stepping stone, but only a secondary indicator. It is better to have somebody that has done is many times successfully then someone who took one or two classes. More so because the short sale process is ever evolving and what you learn in class is usually outmoded by the time you get out and really get a transaction going.



1. How do you plan on keeping up to date with the listing agent while we wait for a response? Some agents write this into the short sale addendum, only some, but it's important to keep current and keep others responsible for the steps critical to basically close a Phoenix short sale.



1. How frequently will I get an update from you? This is related to no. 3 above. It's very important to set expectancies on updates so at least you know when to expect them and not wait anxiously for an email of telephone call.



1. Do you interview the listing agent before writing an offer on the short sale? This is a good question. Irrespective of how good your agent is the listing agent who doesn't know the way to handle a short sale can detail the entire exchange.



1. What can you tell me about the short sale? What do you need to know about short sales. Let the agent tell you what you need to know.

A successful Phoenix short sale purchase is about awareness of how the process works and about having practical expectancies and holding folk accountable.