Who Pays The Realtor Fees In A Short Sale?
Hi everyone, this is Kelly Cook with the Cook & Associates Real Estate Advisors, your :k1: short sale specialist. We can be found online at www.azkcrealestategroup.com. We specialize in helping homeowners across the :k1: area find alternatives to foreclosure through the means of a short sale. Today we are discussing some related questions that we get asked a lot: “Who pays your fee if you help a short sale?”, “How do realtors get paid in a short sale?” and “Do we pay out of pocket for anything?”
The answer to these questions is that no money comes out of your pocket because the bank pays our fee through their net proceeds. For example, if we obtain an offer for $200,000 on your short sale we provide the bank with an estimated net sheet. One of the pieces of the short sale packet that the bank requires is this estimated net sheet. If we are able to give them an offer for $200,000 the bank wants to know what they’ll net out of it. We put together a net sheet form specifically showing the realtors fees, escrow fees, property fees, HOA transfer fees and any other miscellaneous fees deducted out. We put all of this in the net sheet for them ahead of time so they can see exactly how much they will net if they approve the short sale.
Again, the homeowner pays no money for our services to help them do a short sale and get out from under their mortgage debt. Please contact us today with any questions or check out our Short or Stay Calculator to help you determine if you should stay in your home or do a short sale. You can reach us on our website via the Contact Us form, email us at email@example.com or call me directly at 480.227.2028. We hope to hear from you soon and help you with your short sale in the :k1: area.