Home Buying in Cherry Hill>Question Details

kenji nguyen, Home Buyer in Cherry Hill, NJ

look for another agent that's specialized in short sale if my current one is reluctant to help with short sales?

Asked by kenji nguyen, Cherry Hill, NJ Mon Feb 4, 2013

Help the community by answering this question:


John Sacktig, Broker, East Brunswick, NJ Kenji -

For the average agent that does not understand the process or what is involved in making an offer, how to follow up, whom to contact and does not have the time or understand the time management necessary to complete a successful transaction, Short sales can be daunting task.

If your agent is showing signs of weakness in the knees when it comes to your short sale possibilities, I suggest you find and agent that understands the process! Short sales are not "headaches" if you know what you are doing, and there is no "luck" involved. Experience is the short sale process is key!

Look for an agent that is SFR certified (short sale and foreclosure resource) not that this is the cure all certification, but you will be in more qualified hands.Give a call or send an email and we can discuss further, if you are not looking in my area, I can help you by directing you to an agent that is qualified to help!

John Sacktig
Broker / Manager
SFR Short Sale and Foreclosure resource
Direct: 732-213-1409
1 vote Thank Flag Link Mon Feb 4, 2013
HI kenji
The specialist in short sale is Rachael Han-Ong in south jersey, she is very good at it and doing a effective job all the time. Her mobile is: (609) 634-8642 Office: (856) 685-1685
0 votes Thank Flag Link Sat Mar 30, 2013
Kenji, I know that you are looking for a short sale specialist and I have some words of advice for you. I do not do short sales myself as they are long and tedious, so I just refer those leads now. When you are picking out your short sale agent, it's important to remember a couple of things.

Number one, it's important to interview the agent as you would any other because you will need to get an offer on the property first, or you cannot go forward with your short sale. Find out what their marketing strategy is. This will probably be one of the most important factors.

Also, if your property needs work, find out if the agent works with investors. Not all agents know how to work with investors properly which could possibly mean you missing out on getting the property closed and getting this out of your hair and behind you.

It's also important to know whether or not the negotiating is done in house, by an attorney or a loss mitigation company. If the agent's do the negotiating in house, find out what their success rate is. If they have an established relationship with these lenders and have done short sales with them before, this could mean a much quicker process for you because they have an established relationship.

CDPE has a phenomenal course for real estate agents on how to do short sales. I would recommend looking to see what agents are in the area that have taken that course.

Here is the link http://www.cdpe.com/find/cdpe I wish you the best of luck.
0 votes Thank Flag Link Thu Feb 14, 2013
We can guide you through the process along with the realtor of your choice on what the qualification process is and what will be needed in order to purchase a short sale property.
0 votes Thank Flag Link Wed Feb 13, 2013
I have been working in the cherry hill area for over 10 years now. Up until last year I was the owner of a real estate company that specialized in Cherry Hill. I am still licensed as a broker. I now work at Keller Williams.

Since the market tanked in 2007 I have been working a-lot of short sales every year. I would be happy to help you sell your house or buy your dream house that is involved in a short sale. However if you have already signed a listing agreement or a buyers agreement then I am sorry but I will not be able to help you at this time.

Please give me a call on my cell, or shoot me an email. I look forward to speaking to you.


David Rifkin
Keller Williams
cell: 856-261-0616
0 votes Thank Flag Link Tue Feb 5, 2013
I have extensive experience in short sales. If you contact me I can discuss your situation and how a short sale can help you as a buyer or seller..

Not all short sales are the same. Every bank and every investor requires different criteria to qualify.

Short sales are not easy. Most of it depends on the type of investor involved and review of the property in question.

Contact me at your convenience and I will discuss your situation... Buyer or Seller!

There are some answers here about short sale http://www.sellitfast123.com

Search foreclosures and short sale here: http://www.BuyNJShortSales.com

"Nobody Sells More Real Estate than RE/MAX"

Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips

Larry Sarlo When you want it Sold Fast!
RE/MAX Preferred
609-868-1171 call / text / email 7 days
0 votes Thank Flag Link Mon Feb 4, 2013
I would help you with short sales if you want to pay me by the hour.....
0 votes Thank Flag Link Mon Feb 4, 2013
Hello Kenji,
Thank you for your question.
I will be happy to assist you in the purchase of a home. Short Sale or not. I can undertand why your current Realtor has no desire to do Short Sale. They are a headache but sometime you may get lucky. The banks are being unreasonable regarding the actual value of the homes being sold.
Call or email me if you would like to discuss the process. I can be reached at 609-313-8518 or inesdelacruz@remax.net
Take care,
Ines De La Cruz, Realtor, ABR, CRS
RE/MAX Connection
View all the homes in NJ visit http://www.inesdelacruz.com
0 votes Thank Flag Link Mon Feb 4, 2013
Looks like your profile has you as a Home Buyer? Is your agent "reluctant" because of not understanding Short Sales or some other reason? Short Sales are not for every Buyer. Perhaps your agent has pointed out some of the following:
Short Sales can take up to 6 months to even get an answer from the bank whether or not they accept your offer. In the meantime, you are in contract and cannot purchase another home.
You have to accept the home in "As is" condition. No repairs will be made. This can be costly.
You have to obtain the Certificate of Occupancy from the Township. Nominal fee for application but some towns require new sidewalks, new driveway, railings, paint, etc.
Most banks expect to get only 10-15% less than fair market value. They will have the home appraised and want to get close to its worth. If the home was financed FHA, they expect a % of what is owed PLUS expenses.
You cannot lock in your interest rate on your loan more than 60 days prior to closing so you could miss out on great rates that are expected to rise.
Many times what you save is not worth the aggravation. You should weigh out all possibilities: can you afford to wait for the bank to respond?
0 votes Thank Flag Link Mon Feb 4, 2013
are you the buyer or the seller? Ask your agent why they are reluctant to work with short sales. If you are a buyer, it may help you decide if you want to deal with them. I just had a lender say they wanted the seller to sign a deed in lieu, that they would not approve a short sale. They can be aggravating for all concerned.
0 votes Thank Flag Link Mon Feb 4, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer