Ready to short sell your home?
Not sure what a short sale is? A short sale is when the amount of the outstanding loans is greater than the amount for which the home could sell. Short sales are often the result of home values in a market rapidly declining.
Short sales may be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.
How do I proceed with a short sale?
First, assess the true market value of your property. For those whose finances are already stretched, engaging a licensed appraiser may not be feasible. Therefore, an experienced local real estate professional that knows the current conditions of the Bucklin real estate market is a smart way to get a realistic opinion of your home's worth.
When you're ready to sell your property, Cossell Enterprises, Inc will help. Use my expertise and knowledge of the local real estate market in Bucklin to sell your home quickly. Contact us today
Next, calculate your closing costs. My experience means I know to take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, contact your lender and tell them of the situation. They may even have a special department that deals with short sales. Ask about their specific steps. Some lenders will be more inclined to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to agree to the final sale.