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Fees
If
you are taking Short Sale listings, have the confidence in knowing that
we are behind you. From the initial Listing price
to the final closing HUD we will advise, instruct and support you to
ensure that the transaction goes through.
If you are a Buyers Agent in a Short Sale transaction, make sure your
offer has an addendum authorizing us to negotiate the Short Sale. (download
in Education section of this site)
- 50% Referral
Agreement for listing side of commission from any Licensed Real Estate
Brokerage Firm. To our Brokerage Partner (download in Education section
of this site)
- Non-Licensed
referrals please contact us for engagement requirements.
- Up
to $1,500 Negotiating fee will be charged to the Sellers side of the
HUD if approved by the Lender.
The
short sale horror stories you might have heard are true:
- Lender rejects
HUD the day of closing
- Buyers walk away
because it takes so long to get approved
- Seller is difficult
or did not tell the "whole truth"
- Every call to
the Lender takes hours and nothing gets accomplished
If you have tried
short sales yourself, you probably learned that it is virtually impossible
to be a successful REALTOR and Short Sale Negotiator at the same time.
Even the time spent on hold with Lenders, takes away from your business
as a REALTOR.
We
estimate that Short Sales are currently 60-70% of all Real Estate transactions.
By year end we project the number might be as high as 80%.
The
industry lost a lot of Real Estate Agents and Brokerages last year,
and if your staying in the game Short Sales will be a part of your business
plan. The Benavente & Kornitzer Team is a professional negotiating
team of real estate professionals, designed to help you close Short
Sale transactions.
Initial
Hints for REALTORS
Check the Education section for complete
details.
- Listing Agreement
should authorize you to "adjust listing price without
further notice"
- Public advertisements
(MLS) must include Short Sale and commission disclosures.
- List price must
be what the Seller owes + closing costs
- Never have the
Seller sign an offer until the Lender demands it
- Never have the
Seller sign more than one offer
- Check with your
B&K Negotiator before any price adjustments
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