Are you ready to short sell your home?
Don't know what a short sale is? A short sale is when you owe more than what the house will possibly sell for . Short sales are usually caused by home prices in an area rapidly deflating.
For many homeowners, a short sale is an ideal way to prevent foreclosure or bankruptcy when they can get the lender to write off the remainder of the loan.
What's involved in a short sale?
First, figure out the true market value of your house. If your finances are already stretched, hiring a licensed appraiser may not be an option. Therefore, a knowledgeable local real estate professional that knows the current conditions of the Bucklin real estate market is the best way to get a realistic estimate of your home's worth.
If you have any concerns pertaining to real estate or the process of going through a short sale in Bucklin, Kansas just contact me
here or e-mail me
Next, find out your closing costs. My work in this area means I know to account for fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.
Finally, call your lender and tell them of the situation. They may even have a particular team that deals with short sales. Ask about their specific procedures. Some lenders will be more able to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to give consent for the final sale.