The Sibley Group at Keller Williams Realty 455-0100

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You are here: Home / Sellers / Foreclosure & Short Sales / Short Sale Process

Short Sale Process

Short Sale ProcessMARKETING YOUR HOME

Your home will be shown to both investors and traditional buyers.  During this process, your home may be shown several times a day in some cases.  The goal is to get the highest and best offer in the shortest time possible.  Those viewing or calling to view your home have been instructed not to bother you with questions regarding the short sale so as to not put any additional stress on you.

THE FIRST OFFER

Once an offer or multiple offers are received on your property, you will need to accept the highest offer. That offer will then be submitted to the lender(s) for their review and you will not need to sign each and every offer that we receive.  The lender will then determine if the offer is acceptable.

THE PROCESS

Once we have sent the offer(s) to the lender(s), the actual Short Sale process can take anywhere from 4 weeks to 4 months.  This timeline varies with each lender. To keep you informed, we will provide regular updates throughout the process.

After the lender reviews the Short Sale package, a BPO (Broker Price Opinion) or appraisal will be ordered by the lender.  Once the lender receives this report, they will usually make a final decision shortly thereafter.

Your property may continue to be shown until the lender accepts the offer. Please be patient throughout this process.  At times you may feel things are going too slow, but remember this is not a regular transaction and can take longer to complete.

THE ACCEPTED OFFER

Once an offer has been approved by the lender, I will notify you that we are going to proceed to close the transaction.

The lender may demand to go to Act of Sale anywhere from 10-30 days, so be prepared.

ACT OF SALE

You, as the seller, will be instructed to sign seller documents at the title company office.  Please bring with you your I.D., all keys, garage door openers, and a good attitude.  We will celebrate your new freedom from this financial burden and stress.

YOUR FINANCIAL FREEDOM

Keep all of your copies of the documents pertaining to this sale in a safe place.

Once the sale is complete please let us know your new forwarding address so we may keep in touch with you through the year and offer you assistance in preparing yourself for future success. Try not to incur any new debt and try to keep low balances on any credit cards you may have.  Maintain good consumer credit by not paying late on your currently active accounts. Pay your rent by check or some other way that can be tracked to show evidence that you are paying on time.  This will help you should you choose to purchase a new property in the future.

Find out if you may qualify for a short sale.

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WHAT OTHERS ARE SAYING

Listened, were easy to reach, and delivered on what they promised.

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Ashley, New Orleans, LA
 

I worked with Gana, OMG what a GEM !!! Gana made this entire experience pleasurable. Her knowledge, patience and go-getter attitude won me over 100%.

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Monique C Thomas
 

I worked with Gana to purchase my first home in March 2018. Gana definitely helped me out during this process. She stayed in contact with me and was very good with her timeliness on updates. She was there throughout the whole process and was very knowledgeable when i had any questions. Gana made sure I understood any documents that I had to sign before I completed the action. I would definitely recommend her!

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Lamar, Slidell, LA
 

There are not enough words that can describe Lana. She absolutely made our experience of finding a home as easy and stress free it could be. Her communication skills are top notch. She answered all of our questions, which were many, in a very timely manner. She went out of her way to set up appointments and send us links for everything that we needed to get done. She did everything in a spirit of excellence. There is no other person I would want or recommend as an agent than, Lana Leonard(...)

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Shawn & Suzanne, Lacombe, LA
 

I bought my first home!!! Jordan provided exceptional service. At first, I was looking to rent, but she showed me I could get more of what I needed for less if I considered purchasing a home. It is an investment in my future and I am so glad she helped me feel confident in my ability to buy a home. The Sibley Group is a wonderful team that is there for your needs and supports you every step of the way. I highly recommend them, especially Jordan. She was attentive, resourceful, knowledgea(...)

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Melissa, Covington, LA
 

Mrs. Gana is quite the gem, in fact, the entire Sibley Group were all so helpful and made our first home buying experience a breeze.

We were totally lost when it came to finding a mortgage company and having a realtor with such expertise and experience really put us at ease. She set up connections with several lenders and from there we were put on a path to home ownership!

I would recommend Mrs.Gana a million times again and the Sibley(...)

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Michelle, Slidell, LA
 

The decision to sell our home and to use the Sibley Realty Group was a year long process. We were concerned about determining the right time to sell and determining a fair and appropriate asking price. We had questions about how to adequately prepare our home for photos and showings. We were concerned about security and showing our home while we were away on vacation. John Sibley addressed all of our questions and concerns. He walked us through the process from listing to closing. He was a(...)

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Annemarie & Jerry, Slidell, LA
 

We were having troubles trying to figure out the particulars of buying a house and were a little intimidated about approaching a Real Estate agent. Those fears were put to rest after meeting Gana.

She not only guided us through the entire process, but made it a point to go over the contract with verbiage that we understood as first time home buyers- that was important.

The entire experience was smooth, as she laid to rest any fears we(...)

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Willliam, Slidell, LA
 

Everyone at the Sibley Realty Group was exceptional. From the first phone call to the closing of the home we had the best service. I would recommend Jordan and her team to anyone. Awesome Job Guys! And thanks again.

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Anonymous, New Orleans, LA
 

Gana made this transaction easy to understand for us as first time home buyers. Gana was very in tune with us when she could tell I didn't understand something. She slowed everything down and made sure I understood before we moved on.

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Anonymous, Slidell, LA
 

About Us

The Sibley Group has a team of Realtors to meet all of your real estate needs throughout the New Orleans Metropolitan area. We have agents that specialize on the Northshore and Southshore, including New Orleans, Slidell, Metairie, Covington, Mandeville, Pearl River, and Lacombe.


Trust a real estate team with a long-standing tradition of service, expertise, and professionalism in the local area.


John Sibley reviews
The Sibley Group
Keller Williams Realty 455-0100

3197 Richland Ave, Metairie, LA 70002

Northshore: 985.326.9755
Southshore: 504.571.9755
Broker: 504.455.0100

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