difference between a short sale real estate lawyer and a regular real estate agent who can handle short sale properties?

[isellnoco]

I would get a real estate agent...

This realtor told me if I don’t bring in a buyer’s agent, I can instantly decrease 3-4% of set asking price by the bank. If not, and if I bring in a buyer’s agent, there’s no negotiation space and I need to offer the full bank’s asking price. If this is a short sale...this statement is FALSE!

In short sales, the bank will pay for both parties to be represented by agents. The bank will try and decrease the commission if only one realtor is involved but that doesn't impact the offer or the acceptance of the offer. Based on what you said, it doesn't sound like this realtor knows what they are doing in regard to the short sale. I wouldn't waste my time with this unit and just watch for the foreclosure date because I would bet they can't get it done! If you really like it...get a buyer's agent to represent you and make an offer on the property. The other realtor will have to get an approval from both liens to sell this house. Good luck and I hope this helps!

[isellnoco]

Get a real estate agent to represent you. What the other realtor said is FALSE regarding what you can offer on a short sale. Based on her statement it doesn't sound like she knows what she is talking about and you'd be better represented by another agent. In short sales, the bank pays the commission for both parties to be represented by an agent and it doesn't impact the offer or approval if one or two agents are involved. I would be concerned about this persons ability to get the short sale approved and if it were me, I would wait for it to go into foreclosure and by it from the bank! Good luck!