If you go with the listing agent, have her prepare a buyer CMA for you. Find out how much experience she has with short sales too-- If she doesn't know what she is doing, there is a good chance it might not work out. This can help ensure you are making the right offer on the property. If you opt not to use the listing agent, find one who has experience in short sales!
Be prepared to wait! Educate yourself as best as you can no matter what you decide to do, and be sure your agent is persistent.
It is not a foolish choice by any means! As a matter of fact, who knows that property better than the "Listing Agent"!
I would suggest meeting with the agent first to make sure this is the person you would like to work with through the "Short-Sale" process. Also, some lender's DO NOT allow "dual-agencies" through this type of transaction. The Listing Agent would be able to advise you on this.
The only guarantee you probably WON'T have is to expedite the process. Especially if this is an experienced short sale agent. Unfortunately, the banks still control this process more than agents and homeowner's would like.
If that's your only concern about putting in an offer on this property, you could always ask a friend or family member for an agent referral.
Best of Luck!
Prudential Palms Realty
941 724 0519
In any case, it's not the agent who directly affects the speed of a short sale closing, it's the lender and the negotiator. It's been my experience that an agent who also tries to negotiate short sales, does neither very effectively. I am sure there are exceptions, but, as a rule, if you want to avoid painful problems with a short sale make sure the sale is being negotiated by a law firm with good experience.
Contact me for information about short sales in the Apollo Beach area. We have some really good deals, but they're going fast...
If you choose NOT to use a buyer's agent I say beware! Make sure YOU know the process, as well as what you'll need to do and timelines to follow to get them done. Although the listing agent speaks to the negotiator the contract still has terms that need to be met by you... Using the right buyer's agent can only help you NOT hurt you!
As always buying a Home is a big commitment. You should always do your research when it comes to purchasing your future home. I would advise to consult another buying agent to find out what your options are. What kind of programs are out there. You already know that the home has been on the market for awhile. I would find out if there has been any offer and if so is the Realtor only working with one offer or multiple offers. Has the current short sale been approved by the bank. If you do decide to put an offer make sure it is the right decision for you. You do have options and you should definitely explore them talk to someone that you are comfortable with and who knows the market. So that you can make an informed decision Good Luck I wish you the best.
Century 21 Beggins Enterprises
Apollo Beach, FL 33572