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Northern Virginia Real Estate: Who Pays the Real Estate Agent in a Short Sale?

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Who pays a real estate agent in a short sale?

So, first, let me tell you here is the SHORT SALE is: 

When you are upside down on your mortgage and you have to sell, or you have a valid financial hardship. 

For example: 

Balance: $500,000 

Home Value: $400,000

Step 1: 

Hire a Short Sale Agent

Step 2:

Find A Buyer

Then… 

The agent/negotiator works with the bank to be able to negotiate the difference of that $100,000 that you owe. 

So, at the end of that negotiation, typically it will be fine if we are able to successfully negotiate that deficiency and guess what happens next?

The bank will pay the agent, so you as a short sale seller, in most cases you will not be the one paying the agent, it will most likely be the bank.

If you have any other questions about any SHORT SALE scenario. I'm happy to help you out. Send me an email at Dan@greetingsvirginia.com or call me at 703-346-2776 and I’ll be glad to answer specific questions for you.

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Have a question about buying, selling or investing?

We have answers! Team Leader/Broker Dan Rochon provides insights on the local market and answers YOUR questions about all things real estate.

Dan Rochon

Dan Rochon is an Associate Broker in VA, Broker in MD; Owner of Rochon Investments, LLC; Owner and Co-founder of www.GreetingsVirginia.com and Owner of other Joint Ventures as well as a real estate principles instructor at Moseley Real Estate Schools.

As a real estate sales agent, Dan and his team are consistently top producers in their marketplace and provide solutions for their clients. Through their investing company, Dan and Traci Rochon have been investing in residential and commercial real estate ventures for more than the past decade.

Dan and his wife Traci are frequent speakers and are often quoted in media stories about the current real estate market. The Rochon's have been featured on The Nightly News with Brian Williams, The Today Show, CNBC, The Washington Post, The Washington Examiner, WTOP News, Voted as The Best of DC Real Estate Agent in the Washington City Paper Readers Poll, and more...

Greetings Virginia is a full-service real estate sales company with eXp Realty that helps clients in Northern Virginia, Maryland, and Washington D.C. metro region buy and sell properties in all price ranges.

We have successfully completed hundreds of buying and selling transactions for our clients. We succeed where others may not— through knowledge and perseverance.

1320 Central Park Blvd Suite 200 Fredericksburg, VA 22401

703.763.2656

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