Tips for agents facing short-sale obstacles 

(This is Part 2 of a two-part series. Read Part 1.)

Many areas are experiencing a serious real estate market slowdown. If prices are decreasing in your area, you may soon face the prospect of representing home sellers who need a "short sale."

The term "short sale" refers to a situation in which the seller lacks sufficient equity to close a transaction unless the lender takes a reduction in the homeowner's loan payoff. Negotiating this is difficult.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.