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Chris Rocheford's Blog

By Chris Rocheford | Agent in 55051

Thinking about selling?

Are you thinking about selling?  Today's Real Estate market presents some unique challenges for the average homeowner.  If you are trying to sell your own home to save on paying realtor fees.  I have to ask are you not willing to pay realtor fees or is it a question of money?  If it is money meaning that you are grouped in the 1 in 4 Americans that are behind in their mortgage payments.  Please, I urge you to see your realtor of your choice today.  In most cases in Mora if you bought your house in the last five years with a mortgage, you are upside down in value or you owe more than the property is worth. 

This when listed or an attempt to sell is made is known as a short sale.  The trick here is to have someone negotiate on your behalf with the bank or banks depending on how many mortgages or Home equity lines of credits you have.  Banks will want you to try loan modification first before considering a short sale.  The little known fact is that in the case of short sale the realtors are paid by the bank that holds the mortgage on the property not the homeowner once financial distress has been proven.

If you are not willing to pay realtor fee's, I am sorry you have had a bad experience in the past.  A good realtor will answer any questions you have without charging you.  Seek some answers to your questions about the paperwork process.

Hope this has been helpful and provided information, if it hasn't please drop me a line on what information you feel is needed.

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