Some distressed homeowners in the Las Vegas area have attempted to do their own short sale instead of hiring a short sale realtor because they are trying to save money. If you are currently thinking about doing a for sale by owner short sale, we’re here to tell you it’s not the best idea. Many homeowners choose the path of doing their own short sale because they think it will save them money. What they aren’t aware of, however, is that when you do a short sale, the short sale realtors fees are part of the final offer that is negotiated with the lender, unlike a traditional real estate transaction where the realtor’s commissions are paid for by either the buyer or the seller. Essentially, it costs a distressed homeowner nothing to actually short sale their property.

The second reason we don’t encourage distressed homeowners to do a for sale by owner short sale is because many times they don’t set the listing price of their home at fair market value. Instead, they list the home at what they think it’s worth. People that are looking to purchase a short sale could care less about how much a seller thinks their home is actually worth; a buyer is just looking for a good deal on a home and currently it’s a buyer’s market, so sellers really want to be able to appeal to as many buyers as possible.

The bottom line is this: sometimes when a traditional real estate agent tries to do a short sale, they don’t succeed because they don’t have the experience and knowledge of the short sale process. The only person that should short sale a home is a short sale realtor; there’s no need for a homeowner to have to worry about added costs involved, because the short sale realtor’s services are free to them. If you have been contemplating doing a short sale on your own, save yourself the headache of trying to sell your home on your own and contact a Las Vegas short sale realtor today.