Christopher Burgelin

The truth is, the realtor representing the Seller is who needs to have the experience, not the the buyer agent. The buyer agent needs to have enough experience to advise their buyer to stay away from a short sale if buyer needs to be in a home within the next 60 days.

The best thing a Buyer Agent can do, is stipulate in the contract a neutral third party to process the short sale. This way, you can obtain un-filtered communication from the person processing. Also, to protect the buyer, the Agent should INSIST on a Signed an executed contract that simply states in a Special Provisions "Contract contingent upon lender acceptance. In the event lender counter's buyer's offer, Seller grants buyer First RIght of Refusal to meet Lender's Counter-Offer". This way you are not the offer the Listing Agent used to get the Short Sale process going, just to receive higher and better offers over the following 8 weeks. Best of luck! - Fri Apr 25 2008, 16:40