10 Reasons You Need an Agent When Buying a Short Sale Leave a Comment 10 Reasons You Need an Agent When Buying a Short Sa le A short sale allows you to purchase a property at l ess than what is owed on the current mortgage. With today’s high number of foreclosures to prevalent, e ven in the Myrtle Beach condo market, banks are looking for individuals to buy quickly. Buying a sh ort sale helps the banker get out of bad transactio n and helps the property owner sell quickly. Many people believe that buying a short sale is too complex to do. This does not have to be the case, especially when you use a real estate agent to help you through the process. Take a look at the follow ing ten reasons you need an agent to buy a foreclosure property. They provide these services to you. 1. An agent will help you to locate the best deals bef ore others get to them. You need the best deal, after all. 2. If buying Myrtle Beach condo short sales, you may w ant to know the rental history and the overall profitability of owning the condo. Your age nt can help you with that. 3. The agent will discuss with you the best way to dis cuss the transaction with the current owner. These owners often need to sell fast. Your agent ca n help you to work through this transaction to ensure the owner wants to sell to you. 4. They will help ensure that all of your financial co ncerns are met, such as ensuring property inspections and title searches are complete. 5. You can use the agent to help you to work with the bank. Often, it is the bank’s loss mitigation department that holds the cards but you can speed u p the process with the right information. 6. You will need to learn how to negotiate with the ba nk to ensure you pay the least possible while still convincing the bank to take the cut in profit . 7. You will need contracts for the sale. Your short sa le agent will ensure the process is legally binding. 8. If you are hoping to buy low and sell fast, your re al estate agent for short sales can help you with that process, too. They can help you to flip the pr operty quickly so that you turn a profit. 9. Short sales are not just for investors. If you are buying a Myrtle Beach condo short sale, for example, to live in, your agent will help you to fi nd a property you want to live in. 10. Bottom line: your agent will help you to get into a condo for less by helping you to find short sales to buy that make sense. There is no hiding the fact that the Myrtle Beach r eal estate market is lower than it used to be. Howe ver, now is the ideal time to buy, especially if you tak e into consideration short sales. It just makes sen se.