Super Fitness Health BlogArizona Short Sale Hint: This Doesn’t Cost You!
Arizona short sales are merely a process to help you avoid real estate foreclosure… And, just about the most common questions I am able to recall getting from people either considering a short sale or even just beginning the short sale process is that of cost. You will fork out nothing extra! In fact, the lender will usually end up having to pay your realtor a commission.
Well, the good thing is that an Arizona short sale procedure doesn’t require any payment for services outside of what would be regarded as normal in a real estate transaction. Now, there isn’t a legal precedent for what normal commissions are, yet typically it’s 6% paid by the seller.
So just realize that a short sale is an arrangement between you and the lender where they accept less than the loan amount for payment. A real estate agent performing the short sale could be compensated in the same way they would in any other normal sale. They would be paid from the proceeds from the transaction whatever fee they are due. So, its really a beautiful option for an individual in a challenging spot financially in that you will not have to “pay extra” for the program.
Besides the extra paperwork and negotiations necessary to bring the transaction towards a close, on the outside looking in it will look to be a normal sale. So you do not need to concern yourself with needing to raise more money to cover an Arizona short sale… Bear in mind, the commission is treated very much like each and every normal real estate transaction.
Learn more at http://www.arizonashortsaletips.com/
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