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The Myers Team's Blog

By The Myers Team | Agent in Las Vegas, NV

Short Sales in Nevada | Sellers Rights and Guidelines

Las Vegas, Nevada -- Sellers in a short sale transaction have rights.  The Realtor or Attorney you hire to short sale your home should specialize in seller representation and follow basic guidelines to ensure you are treated with dignity, respect, and your safety is not compromised.  We have put together the following guidelines which we will present as a “SHORT SALE SELLERS BILL OF RIGHTS.”

 

1. YOU HAVE THE RIGHT TO BE TREATED WITH DIGNITY: 

Surrendering a home worth half of what you owe is NOT a failure, it's a business decision.  Nobody wants to lose their home; however, there is no need for you and your family to go down with a sinking ship.  The Realtor or Attorney you hire to short sell your home will be getting paid a commission from the Sellers lender.  You have the right to be treated fairly, respectfully and with the highest level of care.

 

2. YOU HAVE THE RIGHT TO PRIVACY:

The person you hire should ask whether or not you want a “For Sale” sign placed in your yard.  You are NOT obligated to use a “For Sale” sign.  As soon as the sign goes up, your neighbors will likely ask questions such as, “How much are you selling your home for?”  While some sellers don’t mind these types of questions, why would you want to advertise to your neighbors that you are experiencing financial hardship and losing your home?  Additionally, you are not obligated to do “Open Houses.”  With today’s technology, most home buyers are searching for homes online on web sites like Realtor.com and Zillow.  Yard signs are a great way for your Realtor to advertise their services, however, they do very little to help you find a buyer.  When you work with The Myers Team, we will not use a yard sign unless you request one.  We will not inconvenience you with Open Houses; however, we will upload to the internet a professional, full color, virtual tour of your home.  This is like having an Open House 24 hours a day…7 days a week. 

 

3. YOU HAVE THE RIGHT TO ASK QUESTIONS:

The short sale process is a long process, and you will have many questions throughout the transaction.  You should be able to ask any question you like, and get a prompt response.  Some Real Estate and Attorney Offices are so overwhelmingly busy that going there feels like going to the DMV.   Whomever you hire, Realtor or Attorney, you should have the ability to speak with them directly, and not be handed off to junior assistants.  Emails and phone calls should be returned the same day.  Additionally, bank loss mitigation departments work on Saturdays.  Does your Realtor or Lawyer?  When you hire The Myers Team, you will meet directly with us.  You will have access to our email and cell phone numbers.  You will have the ability to call us, text or email 7 days a week.

 

4. YOU HAVE THE RIGHT TO FULL TIME REPRESENTATION:

Negotiating with banks is a full time job and a time consuming process.  If you hire a Realtor or Attorney, how many hours per week will they spend on the phone negotiating your approval?  Realtors who spend their afternoons driving buyers from property to property may not be able to devote sufficient time to your file.  Additionally, Attorneys who have taken on too many clients may not have the time or manpower to represent you properly.  You have the right to full time representation and shouldn’t hire somebody so busy that their office feels like a “puppy mill.”  You need a Realtor who specializes in “Seller Representation.”  When you hire The Myers Team, our number one priority is getting your home sold and getting your short sale approved.

 

5. YOU HAVE THE RIGHT TO PROTECT YOUR HOME

With so many vacant homes on the market, there have been a record number of burglaries involving appliances stolen from homes.  In many of these instances, there was no sign of forced entry.  We recommend that EVERY home be listed with an electronic lockbox versus a mechanical lock box.  What’s the difference?  An electronic lockbox is bought from the Greater Las Vegas Association of Realtors and the only person who can obtain access is a licensed Realtor or Appraiser, using an electronic key.  The lockbox automatically tracks the name, license number, time of entry and exit, and digitally records the information of each person who has entered the home.  Mechanical lockboxes, on the other hand, can be opened by anyone who has the 3 or 4 digit combination.  It does NOT track who has entered the home and offers little protection for the home owner or their property.  While it is forbidden for Realtors to give the mechanical lockbox code to anyone (i.e. home inspectors, repairmen, etc.,) this does not prevent some people from ignoring this rule and carelessly giving it out.  We believe you should have a record of everyone who has entered your home.  Additionally, your personal safety should be a top concern of the person you hire to sell your home.  This is why you should demand an electronic lockbox and never allow a mechanical lockbox to be used. 

 

A recent report named The Myers Team the #1 Short Sale Realtors in Nevada. Number one status was determined by actual short sale listings closed from January 1, 2007 through December 31, 2011.

 

The Myers Team with The Caliber Realty Group are nationally recognized as one of the most influential figures in real estate today.  The Myers Team has sold more short sale listings than any non-lawyer affiliated Realtor or Broker in Las Vegas. Myers Team Owners, Bill and Francoise Myers have helped hundreds of Las Vegas families avoid foreclosure.  Myers said, “Sellers facing foreclosure must remember that banks are not looking out for you or your family.  When you work with The Myers Team, our job is to get between you and the bank.  We represent our clients, NOT the banks.  It is our job to take away the stress and negotiate the best possible outcome. 

 

Visit The Myers Team web site at http://www.NevadaShortSaleInfo.com

 

Additionally, please visit http://www.VegasShortSaleInfo.com

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