J. Briann Realty Group, Inc. is there for sellers needing to execute a short sale West Palm Beach, Florida

Is it time to short sell your home?

Don't know what a short sale is? A short sale happens when the amount of the outstanding loans is greater than the amount for which the home could sell. This could be due to many factors, but most often is a result of a rapidly declining housing market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can get the lender to write off the remainder of the loan.

What steps do I take in a short sale?

First, assess the true market value of your home. A qualified REALTOR®, like J. Briann Realty Group, Inc., will be able to give you a good idea of what your house should likely sell for based on prior sales of similar houses in the area. Be careful of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

When it's time to sell your house, J. Briann Realty Group, Inc. can help. Take advantage of my experience and knowledge of the local real estate market in West Palm Beach to sell your home quickly. Contact us today.

Next, determine your closing costs. My work in this area has taught me to account for fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at closing.

Finally, call your lender and make them aware of your situation. They may even have a particular department that handles short sales. Ask about their exact procedures. Some lenders will be more inclined to work with you than others. They may be able to decrease how much you owe or make other arrangements. Your lender will have to approve 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.

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