Each and every real estate transaction is different. Add short sales into the equation with up to six parties having VETO powers on a deal and you have a real mess that must be resolved.
Add to that your ownership status, the financial encumbrances that may be involved with each property, including the possibility of city or county issues. Then, top this all off with the fact this is investment real estate, you may or may not hold additional properties, makes the outcome very uncertain. If the prospect of success is not high, an agent, rather than doubling their losses with two properties, may choose to limit the incredible amount of time and resources short sales requires.
Involving a second agent should be no problem what-so-ever..ESPECIALLY if the lenders are different. If you have the same lender, and you get the same lender negotiator, this could create mass confusion.
As you look for another agent, ask them their strategy for resolving your short sale. If they all sound the same you have not found the right agent. The number of people on the phone is less important to how the short sale is controlled. You will, as an investor, recognize the right organization.
If you need assistance finding a good short sale realtor please email me at firstname.lastname@example.org and I will put you in touch with someone in your area.
Yes, it could become confusing and more involved than necessary to list with two different agents when selling your properties.
Our recommendation is to use a realtor to list and sell your property but to also enlist an attorney to review your personal situation relative to your needs, recommendations, and possibly to expedite your short sale. The fact of the matter is that banking staff is more responsive to attorneys and paralegals than RE professionals.
In a world of specialization, it makes sense to realtors list and sell property and lawyers deal with legal issues.....the fact that a "short sale" could involve a "deficiency judgement" may be reason enough to put an attorney on your team to negotiate for you. Hope this is helpful.
if these properties were two different homes in different areas of your town you potentially would deal with
2 different agents, just because the listings are too far away from one another, so in other word what difference would it make at the end. Except did the first agent tell you why he or she did not want to take also the listing for the second duplex? At least you would know why......
Take care and good luck to you --- you received a lot of good remarks and answers below.
get back to us.
All the BEST to you...
Edith YourRealtor4Life! and Chicago / Northern Illinois and North Shore Expert
Working always in the very BEST interest of her clients... Buyers, Sellers and investors alike ....
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Have a happy and healthy 2012
The most important thing to consider in listing a short sale is finding an agent that specializes in short sale transactions. You may want to ask the realtors you are interviewing to provide a list of short sale listings they have closed in the last year.
Also, check to see if the agent has taken any short sale training to perfect their skills. Donâ€™t just pick an agent who promises you everything, but take the find an agent that dedicates their business servicing short sales.
You can find trained short sale agents at the CDPE, Certified Distressed Property Expert, website.
Go to http://www.cdpe.com/
Prudential California Realty
Advantages of having two agents 1. you will notice what agent might have more expertise in short sale.
2. you can have each agent pass all good info along.
3. Both Agents can have clients who are out buying to pass along
google short sale for info
Finding a new Realtor will also not relieve you of the obligation to disclose information. Moreover, if it happens that you disclosed negative information to the first Realtor, but are considering not disclosing it to the second, you put yourself in a very perilous legal situation. (Not legal advice, I am not a lawyer, perhaps you ought to consult one?)