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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 434-977-8865.

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Real Estate Tips
Short Sales >6. Who Pays My Agent When I Short Sell My Home?

Because a short sale usually comes about in a financially trying time, the standard realty fees can be a concern. But the homeowner need not worry about the financial strain of short selling his or her home.

When the lender agrees to the short sale, the real estate agent begins to market the home to potential buyers. At this point, the homeowner is only required to allow potential buyers view the home.

When the home is sold, the commissions are paid from the money the buyer places in escrow; therefore, because there is no equity in the house, the lender ultimately is the one paying the entire sales commission.

Since lenders are already losing money on the sale, it’s common for them to offer less than the average sales commission to the real estate agents involved.

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Real Estate Trivia
Q 
What does the term Curb Appeal mean?

A 
This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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Patti Rowe, REALTOR®, real estate agent and broker for Charlottesville, Albemarle and Fluvanna, Virginia home listings, property and land for sale - NUMBER1EXPERT™

Patti Rowe
Real Estate III

1318 Piper Way
Keswick, VA 22947
434-977-8865
Fax: 866-253-6600
pattirowe@NUMBER1EXPERT.com


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