What is SFR in Real Estate?
In real estate, SFR can mean a couple of definitions:
Definition 1:
An SFR property stands for Single Family Residential. It is used as a designation to categorize how a property is intended to be used on a daily basis by the people who reside on the property
Definition 2:
SFR® is also a specialized certification from the National Association of Realtors (NAR). SFR stands for Short Sales and Foreclosure Resource. This certification is for REALTORS® who want to help buyers and sellers of distressed properties.
For Sellers: As a certified SFR realtor, I can help sellers in distressed property transactions. By evaluating an individual's situation, I can recommend finance, tax and legal specialists, suggest foreclosure avoidance assistance, alert homeowners of rescue scams, and explain the differences between a short sale and a foreclosure. See why do short sales fail?
For Buyers/Investors: As a certified SFR realtor, I can help buyers and investors identify unique opportunities and take advantage of the short sale and foreclosure real estate market. I can help you prepare for time frames for lender approvals, as well as guide you in the transaction qualification requirements from start to finish. Failure to comply with law and lender requirements can be a substantial loss of money and time in some circumstances. See why do short sales fail?