Paul Silverman with Heritage Texas Properties has earned the nationally distinguished Short Sales and Foreclosure Resource certification. The National Association of REALTORS® provides SFR certification to REALTORS® that want to help both buyers and sellers comprehend these difficult financial transactions, as the demand for professional expertise with distressed sales increases.
As outlined by the latest NAR market research, almost one-third of the existing homes sold recently were either short sales or foreclosures. For many real-estate professionals, short sales and foreclosures have become the new “traditional” transaction. REALTORS® that have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure potentials.
“As leading advocates for homeownership, REALTORS® recognize any family that loses its home to foreclosure is one family way too many, however, there are many situations in which families just cannot afford to retain their homes, and a foreclosure or even a short sale results,” said 2009 NAR President Charles McMillan. “Foreclosures and short sales can provide opportunities for home buyers and benefit the larger community, as well, but it’s crucial to get the help of a real estate professional such as a REALTOR® who has earned the SFR certification for these kinds of purchases.”
The certification program includes education regarding how to qualify sellers for short sales, consult with lenders, protect buyers, and limit risk, and offers resources to help REALTORS® stay current on national and state-specific information as the marketplace for these distressed properties advances.
“I decide to earn this designation to increase my knowledge base and serve the needs of either homeowners facing troublesome financial circumstances as well as to help buyers through this complex type of purchase.” says Paul Silverman, Broker Associate at Heritage Texas Properties. “Being able to help clients sell and buy real estate in Houston is definitely a privilege, but when you also help people from a challenging situation it just becomes so much more rewarding.”
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