Need to short sell your home?
Not sure what a short sale is? A short sale is when you owe more than what the house is worth . This situation is usually caused by values in an area rapidly deflating.
Short sales can be a way for homeowners to avert foreclosure and get out from under their loan with the lender by settling.
How do I proceed with a short sale?
First, determine the true market value of your house. A good REALTOR®, like Bret Mundy Real Estate LLC, will be able to give you a reasonable idea of what your house will probably sell for based on prior sales of similar houses in the neighborhood. Be careful of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.
Taylorsville homeowners who are upside down on their home loan and need relief fast can rely on the expertise of Bret Mundy Real Estate LLC to guide them through the short sale process.
Contact me today for a free consultation.
Next, find out your closing costs. My work in this area means I know to account for fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, call your lender and let them know of the situation. They may even have a special team that manages short sales. Ask about their particular procedures. Some lenders will be more willing to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to agree to the final sale.