Time 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 could be caused by many factors, but commonly is a result of a rapidly declining housing market.
Short sales can be a way for homeowners to preclude foreclosure and get out from under their loan with the lender by settling.
What steps do I take in a short sale?
First, find out the true market value of your house. For those whose finances are already stretched, paying a licensed appraiser may not be an option. Therefore, an experienced local REALTOR® that knows the current conditions of the Bucklin real estate market is the best way to get a reliable opinion of what your home could sell for.
When it's time to sell your house, Cossell Enterprises, Inc can help. Take advantage of my expertise and knowledge of the local real estate market in Bucklin to sell your home quickly. Contact us today
Next, estimate your closing costs. My experience means I know to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.
Finally, contact your lender and let them know of the situation. They may even have a dedicated department that manages short sales. Ask about their particular process. Some lenders will be more willing to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to give consent for the final sale.