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Short Sale Tip – Always Ask For 6%

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In lieu of recent news about the housing market, many Realtors have turned to short sales as a way of staying in business. There is NOTHING wrong with doing short sales as one in every 5 houses for sale is a short sale. So there is a HUGE opportunity to capitalize on this segment and still help homeowners out of delicate situations.

One thing I keep hearing on a consistent basis from agents is that the bank always cuts their commission. That is because the bank is looking for ways to cut out as many fees as possible so they can increase the NET they receive.

One thing that I get in the habit of doing is tacking on as many Legitimate fees as possible. That leads us to the whopping 6% figure. You should always be asking for 6% closing help and add that to the front page of the HUD on both the buyer and seller side. If the bank wants to starting increasing their NET, then they can start with that. This tends to be easy as many borrowers are using FHA programs and those particular programs only allow the seller (bank) to pay a maximum of 3% closing help. In addition, the banks policy will state that they can only give 3%.

IMPORTANT: I always approach it as, “my goodness, you are killing me here. You are cutting everything. The buyer really needed that entire 6%. Let me talk to their lender and see if some minor rules can be broken” Now you have planted in their minds that they have cut something and increased their NET. That is a win for the bank.

Now there are many other strategies to be used when trying to keep your commissions in tact.

So remember, always ask for 6% seller subsidy and let the bank feel like they won when they cut to 3%, or even nothing. Stayed tuned for the rest of the line items that absolutely MUST go onto your HUD-1.

An Agent Short Sale Profits Special Strategy CD Reveals A Proven Way On How To Close More Short Sales Faster and Easier With Less Hassle From The Bank.

Turnkey, Websites, Affiliate, Website, Moneymaking Site
Turnkey, Websites, Affiliate, Website, Moneymaking Site
Turnkey, Websites, Affiliate, Website, Moneymaking Site
Turnkey, Websites, Affiliate, Website, Moneymaking Site
Turnkey, Websites, Affiliate, Website, Moneymaking Site

Turnkey, Websites, Affiliate, Website, Moneymaking Site

Turnkey, Websites, Affiliate, Website, Moneymaking Site

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