(Newswire.net — March 21, 2013) Tampa FL–With the extension of the Mortgage Forgiveness Debt Relief Act until December of 2013, short sales will continue to be a integral part of the active sales inventory in Florida for 2013.
What does this mean for home buyers? While it is always important that a home buyer works with an agent who is looking out for their interests, when buying a short sale it is more important than ever.
It is well known that the short sale Listing Agent and their negotiation teams need to work to bring the most money to the sale as possible to protect their Seller clients. If Buyers choose to work with the Listing Agent on a short sale they could be short changing themselves. There are often surprises during the short sale process; last minute demands to increase the agreed upon purchase price from the mortgage holder, buyer required payments to the Seller’s negotiation lawyer, extended close dates, requirements to pay for liens, etc. A short sale buyer needs to know that their agent is working for them at all times during the complicated short sale process. The only way a buyer can be confident of this fact is if they choose a Buyer Broker or Exclusive Buyer Agent.
Why? Buyer Brokers and their Exclusive Buyer Agents do not list property for sale; they never work for Sellers, they look out for the Buyer at all times during the short sale transaction.
GetYourOwnBuyerAgent.com is a resource for Florida home buyers, with the Agent Directory Florida home buyers can locate a Florida Buyer Broker. The site’s goal is to promote Buyer Brokerage and to educate the Florida home buyer about their representation choices and the roll of the Exclusive Buyer Agent.
Aileen Kane, Owner/Broker of Exclusively Buyers Realty of Florida provides Buyer Brokerage services for Tampa Bay, SW Florida and the Florida Keys. Her Bio can be found at WaterfrontInFlorida.com/about.html. To speak with Aileen, please use the contact information below:
Aileen Kane
Exclusively Buyers Realty
866-200-5836
aileen@exclusivelybuyersrealty.com
Waterfront in Florida, Inc