Sugar Land Realtor Recommendations (Katy: appointed, short sales, mortgage)

[sahJD]

I am looking for a house in Sugar Land (or Katy) areas and have been disappointed with a few realtors I have spoken with for the past few weeks. I need someone who is aggressive and can think out of the box to meet our needs. I'd also prefer someone who has worked with banks and can expedite short sales, if that is the route I take.

I would like to find something by early next week.

Please let me know if you know of any creative agents.

[City Love]

You know, the problem with short sales from a buyer's agent perspective is that the listing agency sometimes isn't very familiar with short sales. I see many short sales on the market, and most of them are unapproved short sales. With these unapproved short sales, the listing agent either isn't responsive, or they aren't sure in what stage the short sale is in because, "the buyer's are handling that." This makes it difficult to obtain information sometimes because it's impossible for us to reach out to the actual mortgage holder and ask.

With any agent you work with, make sure to ask if they've worked with short sales before and what experience they have had with them. Most short sales pay 2-2.5% to the buyer's agent, because of this a lot of agents shy away from them. Saying this, a good agent who knows how to work with short sales will be glad to explain some of the process. Obviously, the easiest short sales to work with are the approved short sales, but not all are like this. Short sales take time, but there are new regulations coming into play that should expedite some of the process to under 30 days. When before you could literally be waiting for several months before hearing back from the bank.

Unapproved short sales are basically that, unapproved. The sellers are hoping to receive an offer to submit to the bank. They might, or might not have shown their hardship yet to the bank.

An approved short sale is approved at a certain price, and certain conditions. These are great because the owner has shown their hardship and a BPO has been done to estimate the short sale value on the property

I'm sorry I can't recommend someone, but hopefully you'll have more insight.