Luxury Short Sale Submission
My team works with you the Realtor to find the houses that meet our buying criteria. We always use you as the listing Realtor or Broker for any lead that you bring to me. We want to build a long term relationship with you that includes many successful transactions!
We need to work directly with the homeowner and with the lenders. As I mentioned on the phone, we put a contract on the property with the homeowner and list or relist the property with you as the listing Realtor or Broker. We know that your expertise in selling properties is extremely crucial in getting these houses sold.
Currently I’m focusing on houses that are over $500,000 – $600,000. In some markets, the number might be a little higher than this. The house should be several hundred thousand over the median price of the area. Houses that have prices significantly higher are very interesting. I’m currently not as interested in Condo’s.
I have a list of things I need to know about each house and owner.
Property Address:
Property City:
Property State:
Property Zipcode:
Property County:
Owner names:
Owner address:
Owner phone:
Listing type information is helpful:
Bedrooms:
Bathrooms:
Square feet:
Year built:
Pool:
Garage:
Currently listed? List price:
Property Condition (brand new, excellent, good, fair, poor, teardown) :
Reason for selling:
1. Comps for the property. The comps should include the subject property side by side with recently sold properties.
- 3 low comps; compared to the subject property
- 3 high comps; compared to the subject property
- 60-day Market sales price – We need to know the price that you believe the property will sell quickly for in 60 days
The low comps and high comps need to be on separate CMAs.
2. Are you confident about the 60 day sale price?3.
3. Is a sheriff sale scheduled for the property? If so, when is it scheduled?
– We need some lead time to get a sale postponed if it has been set.
4. How desirable is the area? Is the area a hot area for easy re-sale?
5. Is the seller clear, will there be any problems recording a Deed?
6. What type of loans are currently on the property?
- First mortgage balance: Lender:
- Second mortgage balance: Lender:
- Third mortgage balance: Lender:
- Fourth mortgage balance: Lender:
- Taxes Annual amount: currently owed:
- Special assessments:
- IRS liens:
- Other liens? Please list them and the lenders:
- HOA or Condo fees:
7. Are any repairs needed? If yes, please list repairs and estimated repair cost:
8. Is the property vacant?
9. Is the property decreasing in value at this time?
Thank you!
Byron
507-319-5788
