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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 often caused by home prices in a market rapidly deflating.
For many homeowners, a short sale is an ideal way to preclude foreclosure or bankruptcy when they can negotiate with the lender to forgive the remainder of the loan.
What steps do I take in a short sale?
First, find out the true market value of your house.
If your finances are already strained, hiring a licensed appraiser may not be feasible. Therefore, an experienced local REALTOR® that knows the current conditions of the Washington real estate market is a smart way to get a realistic opinion of what your home could sell for.
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When you're ready to get started, contact me through my site or e-mail me. I'm glad to address questions you have about real estate short sales.
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Next, don't forget about your closing costs. The experienced real estate professionals at John Easterling - Coldwell Banker/Coastal Rivers Realty will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, contact your lender and make them aware of your situation. They may even have a special department that deals with short sales. Ask about their specific process. Some lenders will be more able to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to give consent for the final sale.
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John Easterling - Coldwell Banker Coastal Rivers Realty
®, ™ and SM are licensed trademarks to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Equal Housing Opportunity . Each Office Is Independently Owned And Operated.
John Easterling - Coldwell Banker/Coastal Rivers Realty 239 West Main Street Washington, NC 27889
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