Short Sales in South Lake Tahoe

With more and more short sale listings on the South Lake Tahoe mls, it is very important to work with an agent that is experienced in short sales. There is a lot of information and time required in order to get a short sale escrow closed. With lenders now willing to negotiate short sales and loan modifications more consistently, foreclosure listings should decrease. With the decrease in foreclosure listings in South Lake Tahoe, buyers looking for deals on houses will need to shift their attention to short sales.

I will be attending another class on short sales on March 17th, and I will be sure to write about what I learn from this valuable class. I currently have two short sale escrows, one of which has been accepted by the lender, and one that is still in negotiations. I also have a short sale listing that has been getting a lot of activity. Over half of the current escrows on the South Lake Tahoe mls are either foreclosures or short sales.

There are still a lot of real estate agents out there that have not had any experience in short sales and are not taking the time to become educated about the process. It would be a mistake to list your home with one of those agents. Time is of the essence when it comes to short sales and if the listing agent does not understand the process, there is a chance that the lender will just close the file and foreclose on the home.

Working as a buyers agent on a short sale deal can be very frustrating because you are basically on the sideline and can only hope that the listing agent is doing everything that they should be doing to communicate with the lender. There are a lot of tricks and techniques that a knowledgeable short sale agent can apply in order to get a quicker response from the lender.

I look forward to sharing all of the short sale information that I learn from this short sale class next week. I will be writing a lot about short sales in the future because short sales are turning into a huge market share. All of the  buyers, sellers, and agents who are not educating themselves about short sales are missing the boat!

If you would like to know more about short sales in South Lake Tahoe, South Lake Tahoe real estate, or foreclosures on the South Lake Tahoe mls, please contact Brent and Jill Johnson!