Montgomery, Chester and Bucks County - Short Sale Homes for Sale

Below you’ll find the list of PA short sale homes for sale.

Before you make an offer on a PA short sale listing you want to do your research on the listing agent who is negotiating the short sale.

If you’re reading this you’re probably either thinking of buying a home via a short sale, selling a home via a short sale, or you’re already in the midst of such a transaction.

So who’s negotiating your PA short sale?

The homeowner, or debtor, can call their creditor and initiate that dialogue.  Most creditors will want to see that a buyer has been secured, a sale price has been established, and transaction figures have been calculated.  So unless you’ve sold your home yourself, it would be natural to turn to your real estate agent to handle the short sale communications with the creditors.  You hired that agent to sell your home, right?  You and your agent signed a listing contract, your agent marketed your home, coordinated buyer appointments, worked with offers, and negotiated with a buyer’s agent on your behalf.  Now it’s time to go to settlement.  But wait, your home is being sold as a short sale, remember?  That means that along with you and the buyer, your creditors also need to be onboard with this transaction. It’s extremely important to the success of transaction to know who’s negotiating the short sale.

Many agents today hire a 3rd party negotiating company to handle the negotiations.  This can cost upwards of $3000.  Unless you or your agent have stumbled upon a non-profit short sale negotiating company, these folks naturally intend to get paid.  But the transaction is a short sale – there are insufficient dollars to cover all costs.  So who pays this new, extra cost?  To put it simply, the “transaction” pays the new cost and there are a few ways this could go…

1) The seller pays the fee for services rendered.  But if the seller doesn’t have enough money to pay all their real estate related debt, how can they pay this extra fee?  You may have to pay these fees from the relocation or HAFA monies you may be eligible for.   Ask your real estate agent – maybe he or she will be able to answer this for you.

2) The buyer pays the fee.  But unless the buyer has money to burn and/or just really wants to be overly generous – saintly even – they will simply deduct the amount of the negotiating company fee from the sale price. Many buyers won’t even consider these properties due to this extra expense.  This may result  in more time needed to market the property or just not selling at all.

3) The short sale creditors pay the fee, either via a buyer’s lower price (see  2 above) or as an additional charge at settlement.  But these folks are already being asked to absorb a loss on the transaction.  Now they’re being asked to pay a few more thousand dollars for that pleasure?

There is another way, and it means your real estate agent will need to “duck back in”.   Remember, your agent is being paid a commission… if the transaction closes.  Make them earn that commission by either handling the negotiating with the creditors themselves or by paying the negotiating company fee themselves.  Think about it, if your agent has “subcontracted out” part of the work needed to get you to closing, shouldn’t that subcontractor fee be paid from the agent’s already agreed upon commission?  And here’s something else to think about: if your real estate agent is either unwilling or unable to handle your short sale without help from a subcontractor, do you really want that agent to be your agent?

So if a PA short sale is in your near future, be sure to find out “who’s negotiating your PA short sale”.

Why didn’t the short sale settle or close? What happens next?

If you just tried to buy or sell a home as a short sale and it failed – it’s discouraging for all parties involved.  As a seller it’s extremely important not to give up.  Most realtors accept a declination from the bank as final.  It’s not.  It’s a realtor’s job to convince the bank why this offer is the best offer the bank will receive on this property.  If a property has been priced right or on the market awhile  and you received a fair offer there is no reason the bank won’t accept the offer.  The realtor needs to get to the right person who actually has the authority to make a financial decision.  The initial declination from the bank is usually not from a representative of the bank who took the time to look at the whole financial picture from the bank’s perspective.  Getting to the right person is the most important step in a PA short sale transaction!  This is how I’ve been able to close more PA short sales than most PA real estate agents.

The seller in a failed PA short sale transaction is the biggest loser.  Many seller’s think it can’t be sold.  This is not true.  You just need to find the right PA short sale realtor.  A realtor who has successfully closed PA short sales.  When interviewing the realtor ask them “How many PA short sales have you closed?” and ask for the “list of addresses”.  Sold homes are available in public records and is not proprietary information.  If your agent will not provide this list find another real estate agent specializing in PA short sales.

I’ve successfully helped just about 70 homeowners sell their home as a short sale and I can help you too.  Here is my list of successful PA short sale settlements since 2007.

Short Sale Home for Sale in Harleysville 

Short Sale Home for Sale in Pennsburg – UNDER CONTRACT!

Short Sale Home for Sale in Telford – UNDER CONTRACT!

 

 

 

57 Results
3
Beds
2 | 1
Baths
1,830
SqFt
(7)
 
 
#6995831 | Condo
Seller's Rep: RE/MAX Achievers-Collegeville
1
Beds
1 | 1
Baths
652
SqFt
(9)
 
 
#7007998 | Condo
Seller's Rep: RE/MAX Central-Lansdale
1
Beds
1
Baths
756
SqFt
(13)
 
 
#6979268 | Condo
Seller's Rep: Coldwell Banker Preferred-Blue Bell
2
Beds
1
Baths
1,026
SqFt
(24)
 
 
#6963932 | Condo
Seller's Rep: Realty Mark Cityscape - Huntingdon Valley
1
Beds
1
Baths
812
SqFt
(22)
 
 
#6945662 | Condo
Seller's Rep: RE/MAX Millennium-Huntingdon Valley
3
Beds
2
Baths
938
SqFt
(13)
 
 
#6739387 | Single Family Home
Seller's Rep: BHHS Fox & Roach-Yardley
5
Beds
1
Baths
1,818
SqFt
(7)
 
 
#6932312 | Single Family Home
Seller's Rep: Keller Williams Real Estate-Blue Bell
3
Beds
2 | 1
Baths
1,600
SqFt
(24)
 
 
#6903436 | Single Family Home
Seller's Rep: Ergo Real Estate Company
3
Beds
1 | 1
Baths
1,112
SqFt
(14)
 
 
#6973128 | Single Family Home
Seller's Rep: Realty Mark Associates
4
Beds
2
Baths
1,416
SqFt
(12)
 
 
#6930601 | Single Family Home
Seller's Rep: Class A Realty Corporation
3
Beds
1 | 1
Baths
1,706
SqFt
(9)
 
 
#6945065 | Single Family Home
Seller's Rep: BHHS Fox & Roach-Center City Walnut
4
Beds
1 | 1
Baths
2,970
SqFt
(3)
 
 
#6907915 | Single Family Home
Seller's Rep: Weichert Realtors-Collegeville
3
Beds
1 | 1
Baths
1,451
SqFt
(16)
 
 
#6974795 | Single Family Home
Seller's Rep: BHHS Fox & Roach-Collegeville
3
Beds
1 | 1
Baths
1,530
SqFt
(15)
 
 
#6959105 | Single Family Home
Seller's Rep: Century 21 Veterans-Newtown
3
Beds
3
Baths
2,639
SqFt
(25)
 
 
#6925851 | Single Family Home
Seller's Rep: Keller Williams Realty Group
3
Beds
1
Baths
1,514
SqFt
(22)
 
 
#6930632 | Single Family Home
Seller's Rep: Keller Williams Real Estate-Allentown
3
Beds
2 | 1
Baths
1,653
SqFt
(19)
 
 
#6912256 | Single Family Home
Seller's Rep: Tosco Real Estate Services
3
Beds
2
Baths
1,584
SqFt
(16)
 
 
#6956756 | Single Family Home
Seller's Rep: RE/MAX Services
4
Beds
2 | 1
Baths
2,117
SqFt
(24)
 
 
#6862017 | Single Family Home
Seller's Rep: BHHS Fox & Roach-Collegeville
5
Beds
1 | 1
Baths
1,691
SqFt
(16)
 
 
#6848941 | Single Family Home
Seller's Rep: Keller Williams Real Estate-Blue Bell
3
Beds
1 | 2
Baths
1,496
SqFt
 
 
 
#7000278 | Single Family Home
Seller's Rep: Brass Key Realty
4
Beds
2
Baths
1,548
SqFt
(25)
 
 
#6973130 | Single Family Home
Seller's Rep: Century 21 Advantage Gold-Elkins Park
3
Beds
2 | 1
Baths
1,772
SqFt
(13)
 
 
#6892321 | Condo
Seller's Rep: BHHS Fox & Roach-New Hope
2
Beds
1 | 1
Baths
1,176
SqFt
(9)
 
 
#7007477 | Single Family Home
Seller's Rep: Keller Williams Main Line Realty
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TREND IDX Plus data last updated at June 23, 2017 6:44 PM ET