When we get a call from a seller who wants to list their property with us to get their Wellington short sale approved we can not just take the seller’s word that he or she is able to list their property.
We always run a check in the MLS before we place your listing in the MLS under our brokerage name.
Is your property listed with another Realtor® in the local MLS that your property is located in?
That has happened to us a few times.
We get a call from a seller and the seller wants to get their Wellington Short sales approved. But we first must list the property for sale.
Our MLS board has a rule that you can not have two listings in the MLS that are for the same property.
If we see that your property is listed with another agent- we call the agent of record or broker of record to see if they are planning to cancel their listing in the MLS.
Even if they have told the seller verbally that they will cancel the listing- if the listing is NOT cancelled in the MLS- that would be considered a duplicate listing and that is against the MLS rules. We have to abide by the MLS rules if we want to put our listings in the MLS to get maximum exposure.
We ask to see the cancelation form signed by the broker of record and the seller. If that cancelation form was signed by both the broker and the seller- we can send that form to the MLS. The MLS would then contact the agent to ask the agent to remove the listing from the MLS, move it to canceled in order that we could then add the listing to the MLS.
The MLS is supposed to automatically catch a duplicate listing and not allow the agent who is entering the duplicate listing to finish entering it into the system. But sometimes it slips by.
We just had that happen to us. We have a Wellington short sale listing that has not been approved to be canceled in writing by our broker and another agent was able to duplicate the listing in the MLS so that agent must not have checked to see if we had canceled the listing.
This is another reason why we need to check to see if your property is still listed with another agent or broker before we attempt to enter your listing into the MLS.
There is a lot more to Wellington Short Sales than many people think about or that meets the eye.
Don’t wait for foreclosure- take action today. Call us today at 561-753-0135 for a confidential short sale interview. We will help you determine and go over your options to losing your home to a foreclosure.
There are a lot of things that a Wellington short sale specialist can teach and help you with but which you would never have been able to learn on your own.
Understanding the short sale process
Most homeowners are not even aware that short sales exist, much less understand how they work. This is unfortunate as short sales can easily prove to be the solution to many a homeowner’s dilemma. As you would know if you were to speak with a Wellington short sale specialist, short sales refer to the process in which mortgaged properties are sold at a lower price than the value of the mortgage taken out on them and with the lender’s consent.
Short sales have become more necessary than ever since the real estate bubble burst and homeowners ended up owing more money than what their property’s present market value.
Understanding the current state of the market
It takes an expert to fully understand how the real estate market in your locale – which in this case would be Wellington, Florida – is doing. With the help of a specialist, you will learn what the going rate is these days for properties like your home and what your former neighbors may have done to increase the value of their own properties. A specialist will also be able to tell you if there are market indicators which make it preferable for you to wait before putting up your property for sale or modify your selling
Helping you qualify for a short sale
Certainly, getting qualified for a short sale on your own is quite a tall order and something only a rare few homeowners are capable of doing. And those that do succeed in getting qualified in their own usually spend twice or thrice the usual time that a homeowner would typically consume when pursuing a short sale with a specialist’s help.
As such, specialists don’t just ease your way in getting qualified for short sales. They are also capable of doing things that can help expedite the process, and this can be quite important if you are in a strict deadline and facing foreclosure.
Helping you avoid foreclosure
Naturally, specialists can also help you take advantage of short sales to prevent foreclosure. They can provide the necessary assistance to ensure that you submit the right documents for at least delaying foreclosures until your short sale application is approved.
If there is already a threat of foreclosure hanging over your head, there is no reason why you shouldn’t take a chance on asking a Wellington short sale specialist for help. After all, what have you got to lose?
What is a Wellington Short Sale?
We created this very short 2 minute video for you to answer the question: What is a short sale?
Short sales have been around since the origin of the mortgage and loans for homes- properties and other tangibles and non-tangibles. But most people had not really heard what a short sale is until the real estate bust in 2007. Most real estate agents did not know what a short sale was until recently either. Most homeowners did not know what a short sale was and many homeowners still don’t know that a short sale is a great option to foreclosure in many circumstances.
If you are looking for an easy way to explain what a short sale is this video is simple, fast and straight to the point.
Contact Nestor Gasset or Katerina Gasset for a confidential short sale interview to go over your short sale options and avoid foreclosure today.
Authored by Katerina Gasset
Wellington Fl Homes For Sale– Another Successful Closing
One of the best places to meet people and potential buyers and sellers is at the gym or health club. Here is the post I wrote about making the most of your gym memberships- not only do you get a healthy and good work out you can also get great customers or clients.
Nestor goes to the gym on a regular basis. Since he is one of the most personable people I have ever met and he also has a great personality- it is easy for him to get a repor going rather easily.
He gets a great handful of listings and buyers from the health club. Of course when you can lift 400 pounds on the bench press it does get quite a bit of attention:).
We just closed on a very nice property with a buyer that Nestor met at the health club. It was an all cash deal as are 60% of Wellington real estate transactions. We have an awesome team of buyers agents however, Brian and Nestor made a great connection and it was going to work out best if Nestor worked with him.
Here is Brian’s Testimonial letter:
My wife and I recently purchased a home in Wellington, Florida with
the assistance of Nestor Gasset of International Properties and Investments Inc. We wanted to share our positive
buying experience. With the inherent stresses of purchasing a home,
we were put at ease with Nestor’s demeanor, sincerity and
professionalism. Nestor knew what we were looking for in a home and
had our best interest at heart. Throughout the several month home
search, we looked at Nestor as a friend, not a realtor “doing his
job”. He took it to a higher level than I have ever heard of. He
surprised my wife and I by having a 16′ moving pod dropped off in the
driveway of the home we were living in to ease the “moving pains”. It
was indeed a sign of Nestor’s sincerity and dedication to insuring we
had the most positive home buying experience. So, to you Nestor
we thank you so much. Brian and Lisa.
The property is spectacular and the perfect fit for Brian and Lisa. Brian works in a very high stressed environment in his line of work so the tranquil tropical oasis in his new back yard is going to be such a blessing in their lives.
Working with Wellington sellers and Wellington buyers for over 15 years we know the area, we live in Wellington and we raised our children here as well as still one more… and now grand children too… see what Wellington is all about!
Contact Nestor Gasset and Katerina Gasset today at 561-753-0135 for premier Wellington properties.