| The opportunity | | | | sellers' mortgage lender and new offers can come in |
| In May of 2007 there were only 45 homes in the | | | | before your offer is accepted by the lender. If these |
| Intermountain Multiple Listing Service of southwest | | | | offers are superior to yours the lender can approve |
| Idaho that were identified as Idaho Short Sales. At | | | | that offer and deny yours. |
| the writing of this article in August of 2008 there are | | | | Patience is a great virtue |
| nearly 1,000 homes that are being offered as Idaho | | | | After your offer is accepted "patience" is a great |
| Short Sales. This is unprecedented in the over 28 | | | | virtue. Even if your offer is accepted by the seller, |
| years I have been a licensed Realtor in the state of | | | | the seller's lender must approve your offer as |
| Idaho. | | | | mentioned above and mortgage lenders can take |
| Identifying Idaho Short Sales | | | | several weeks before they will respond to your |
| Lenders require that sellers facing an Idaho Short | | | | offer. These mortgage lenders are processing |
| Sale hire a licensed Realtor qualified to perform an | | | | hundreds and in some cases thousands of short sales |
| Idaho Short Sale. Using the Intermountain Multiple | | | | from across the country and processing all these |
| Listing Service I can identify all Idaho Short Sales in | | | | short sales is very tedious and time consuming. Keep |
| the price ranges you are looking at and have only | | | | in mind, the seller is asking their mortgage lender to |
| those short sale homes emailed to you automatically. | | | | write off a certain amount of money owed to them |
| There is no charge to you and this service can be | | | | and it is not an easy decision for that mortgage |
| cancelled at any time. This way you can be the first | | | | lender. Mortgage lenders are looking for the best |
| to know when a Short Sale in Idaho comes on the | | | | offer that will have them loosing the least amount of |
| market. | | | | money. |
| Making an offer on your Idaho Short Sale | | | | Working with an Idaho Short Sales Specialist |
| When you make an offer on a home identified as an | | | | It does matter who represents you in the purchase |
| Idaho Short Sale please do not "Low Ball" your offer | | | | of your Idaho Short Sale. There are a lot of stories |
| in an attempt to get even a better deal. In most | | | | of Realtors that submitted incomplete or improper |
| cases these homes are already being offering at | | | | short sales packages which is a combination of all |
| below market prices. If you low ball your offer it is | | | | information require from the seller and the buyers |
| likely your offer will be denied by the seller's | | | | offer. If submitted improperly a good buyer's offer |
| mortgage lender and this is even if the seller seriously | | | | can be denied or worse yet, a response will never be |
| considers your offer. Keep in mind the seller's lender | | | | given. I have been selling short sales for over 15 |
| is already loosing money and is not anxious to loose | | | | years and in 2008 became an Idaho Short Sales |
| much more. Keep in mind that even if the seller | | | | Specialist. |
| accepts your offer it must be accepted by the | | | | |