Are the sellers qualified for a short sale?

Are the sellers qualified for a short sale?

One big mistake I see made is real estate investors and agents in this market is they too optimisitic.  Chasing every deal.
That’s a big problem.  Because you end up with lots of busywork and NO MONEY.

Sounds simple, but it isn’t.  But–it will save you a ton of time and grief.

To the point: Always make sure sellers are QUALIFIED for a Short Sale BEFORE taking on the opportunity.  I have filters which I share in my book “Secrets to Short Sale Success.”  They allow me to “Deal or No Deal” an opportunity almost instantly.  And when it IS a deal I jump on it immediately.

It’s important to get the paperwork in order and make sure the agent, the seller are fully engaged in the process.  If it’s really a deal, then it’s a deal worth getting done.

There’s a reason my team and I can get a short sale done quickly.  We don’t take every opportunity that passes our door.  Never have.  We ultra-selective about what deals are doable and what deals are not.

Whether you are an investor or an agent, you should be too.

- Jeff Kaller

PS: My father had a saying:  Person who chases two rabbits, catches none.