Top 7 Mistakes Sellers Make In Naperville Short Sales http://ryanhillrealty.tumblr.com/post/104124134581/top-7-mistakes-sellers-make-in-naperville-short - Call me, Teresa Ryan, a certified short sale expert, on 630-276-7575 today. As a Broker/Owner of Ryan Hill Realty, I have the experience and tools to help you sell your Naperville short sale home.

1. Top 7 Mistakes
Sellers Make In
Naperville Short
Sales

2. Top 7 Mistakes Sellers Make In Naperville Short Sales
Many homeowners make mistakes during the
short sale process when trying to sell their
Naperville short sale home. It is important to
know how to avoid them in order to have a
successful Naperville short sale:

3. Top 7 Mistakes Sellers Make In Naperville Short Sales
Pricing the short sale too
high or too low.

4. Top 7 Mistakes Sellers Make In Naperville Short Sales
This is a standard mistake most homeowners make when
handling their home sale, be it a traditional one or a short sale.
Some price too high, others too low – the key is to find that
perfect price point.
Make sure your short sale property is priced just right by hiring
an experienced Naperville short sale agent who can help you
determine the best price for your home based on the current
market conditions and comparable sales in your area.

5. Top 7 Mistakes Sellers Make In Naperville Short Sales
The price of your short sale home should be attractive to all
parties involved in the short sale: the lender, the buyer, the
buyer’s agent, the buyer’s lender, and of course, you — the seller.
It may seem impossible to come up with a price that will be
acceptable to all these parties, but it is possible. Coming up with
the right price for a short sale listing is both an art and a science
that has been mastered by experienced Naperville short sale
agents.

6. Top 7 Mistakes Sellers Make In Naperville Short Sales
Working with the wrong
agent

7. Top 7 Mistakes Sellers Make In Naperville Short Sales
If you are hiring an agent who claims to be an expert in short
sales, make sure to verify their experience by asking how many
short sales he or she has successfully closed, and not just
about those that he or she has listed.

8. Top 7 Mistakes Sellers Make In Naperville Short Sales
If the agent has listings that have been on the market for 90
days or more without getting a single offer, this should be a red
flag to you.
You want to work with a short sale agent who has at least two
years of experience working with Naperville short sales and
negotiating with lenders.

9. Top 7 Mistakes Sellers Make In Naperville Short Sales
Bad Marketing Strategy

10. Top 7 Mistakes Sellers Make In Naperville Short Sales
If an agent tells you that pricing alone will sell your Naperville
short sale property then proceeds to price your home too low,
run away from this agent! It is not true that pricing alone sells a
short sale, let alone the lowest price.
Exposing your listing to the widest pool of potential buyers and
using the best marketing methods will help you get offers on
your short sale.

11. Top 7 Mistakes Sellers Make In Naperville Short Sales
Having Too Many Showing
Restrictions

12. Top 7 Mistakes Sellers Make In Naperville Short Sales
If you have too many restrictions on showings and setting
appointments (like no showings on Sundays), buyer’s agents
will pass over your short sale listing for other listings without too
many restrictions.
Your agent should make sure that your short sale home is
always ready and available for showing any time a buyer’s
agent calls in to request one.

13. Top 7 Mistakes Sellers Make In Naperville Short Sales
No Photographs or Bad
Photographs

14. Top 7 Mistakes Sellers Make In Naperville Short Sales
Not putting photos of your short sale listing on the MLS is as
bad as having bad photos. Both can turn off potential buyers.
A short sale without online photos gives potential buyers the
impression that something is probably wrong with the property
or the seller doesn’t care if the home sells or not.

15. Top 7 Mistakes Sellers Make In Naperville Short Sales
On the other hand, bad photographs give buyers an impression
that the home is not well-maintained or is falling apart. Online
listings with the most photos are ranked the highest on most
websites while those without photos drop to the bottom and are
frequently overlooked by potential buyers.

16. Top 7 Mistakes Sellers Make In Naperville Short Sales
Home is Not Well-Maintained
or Not Staged Properly

17. Top 7 Mistakes Sellers Make In Naperville Short Sales
Just like any traditional listing, short sale sellers must make
sure that their home is in good condition and is staged properly
before putting it on the market.
A home that is full of clutter and has not been well-maintained
will give buyers the impression that if the home was messy
during showing, the owner might trash it before vacating it.

18. Top 7 Mistakes Sellers Make In Naperville Short Sales
A home with uncut grass and in need of too many repairs will
not be appealing to buyers. You can lower the price to attract
bargain hunters and compensate for repairs, but this may not
sit well with the lender. Banks usually will not accept a price
reduction just because you want to avoid repairing damages in
your home.

19. Top 7 Mistakes Sellers Make In Naperville Short Sales
Waiting too Long to Act and
Put the Home on the Market

20. Top 7 Mistakes Sellers Make In Naperville Short Sales
Sellers cannot afford to wait until they are facing foreclosure
before they seek the help of an experienced Naperville short
sale agent. Short sales are more complicated than traditional
sales and take more time. The more time your short sale agent
has to negotiate with the lender, the better chances of a
successful short sale.

21. Top 7 Mistakes Sellers Make In Naperville Short Sales
If you want to do a short sale, you need to give your short sale
agent enough time to submit the short sale application to the
bank. Delays are a part of the short sale process – documents
get lost and packages need to be re-faxed. Don’t wait until the
last minute to submit your short sale package. Make sure the
package you submit is complete and complies with all the
requirements of the lender. Banks will not process your short
sale if your documents are incomplete, causing longer delays
and possible foreclosure.

22. Top 7 Mistakes Sellers Make In Naperville Short Sales
These are just some of the most common mistakes sellers and
their agents make while doing Naperville short sales. You can
avoid most of these mistakes by making sure you work with
only the best short sale agent in Naperville.

23. Top 7 Mistakes Sellers Make In Naperville Short Sales
Call me, Teresa Ryan, a certified short sale expert,
on 630-276-7575 today.
As a Broker/Owner of Ryan Hill Realty,
I have the experience and tools to help you sell
your Naperville short sale home.