Do you need to short sell your home?
Don't know what a short sale is? A short sale is when the value of a home is less than what is owned. Short sales are usually the result of prices in a market rapidly declining.
Short sales can be a way for homeowners to avert foreclosure and pay off their loan with the lender by settling.
The process of a short sale...
First, get an idea of the true market value of your house. Since paying for a licensed appraiser may not work with your already tight budget, an experienced local REALTOR® that knows the current conditions of the West Palm Beach real estate market is a sound way to get a reliable opinion of your home's worth.
Need real estate advice? Contact me today
to find out how J. Briann Realty Group, Inc. can help.
Next, be sure to figure in your closing costs. My experience means I know to consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at closing.
Finally, contact your lender and make them aware of the situation. They may even have a special team that manages short sales. Ask about their specific steps. 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.
Looking to Sell?
Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.