Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

RE/MAX Preferred Properties
[email protected]

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Knoxville Short Sales Question: How Can A Realtor Help Me?

cdpeIn our Ask the Expert Section, we recently received a question from Marvin, he asks, “I've been struggling to keep making payments on my Knoxville home. I work a commission based job, and unfortunately, haven't been making as much money to keep making payments on my house. I've tried to work with my lender to modify my loan, but haven't had any luck. I've wanted to do a short sale on my Knoxville home, but don't know where to turn for help. I've heard a need a Realtor. But, how can a Realtor help me avoid foreclosure on my Knoxville home?" A Knoxville Realtor plays a crucial in doing a short sale on your Knoxville home. The reason for this is that Knoxville Realtors are in the business of selling homes, and if you're doing short sale, you'll need a Realtor to help you sell your Knoxville home. For a Knoxville short sale, the Realtor can play in whether the short sale is a success or major failure. The main reason for this is that Knoxville short sales are not your average bread and butter real estate transaction. They require a knowledge of the process and paperwork, as well as the persistence to keep up with the lender. Unfortunately, not all Realtors have the knowledge and experience to get the short sale done. Realtors that do short sales tend to be experts at them and have taken them on as a specialty. It's kind of like if you were in need of having open heart surgery, you'd go to a heart surgeon and not just your general practitioner. You'd want a specialist to ensure the best outcome. In a short sale, a Realtor is there to help make sure the home is prices properly. The price can't be too high or it won't attract buyers. And, the price can't be too low or the lender won't approve it. The Realtor is there to help find the happy medium in the price. They are also there to help defend the price if the lender is trying to get a price that is too high. A Realtor is able to provide specific examples of homes that have sold in the area to help defend the price, if necessary. In addition, a realtor will also take care of getting all of the paperwork together and helping market the Knoxville home to find the right buyer for the property. While a Realtor can help explain the short sale process, they are unable to provide tax advice or legal advice. Any questions associated with these topics should always be direct to an attorney or tax professional. Are you facing foreclosure on your Knoxville home? Do you want to hear your options to avoid foreclosure? If so, please do not hesitate to give my team a call at 865-696-9002 or send an email to [email protected]. We’ve helped countless Knoxville homeowners avoid foreclosure. Give us a call today for a free consultation.

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