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Need to short sell your home? Don't know what a short sale is? A short sale happens when the amount of the outstanding loans are greater than the amount for which the home could sell. Short sales are typically caused by values in a market rapidly declining.
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, figure out the true market value of your property. A qualified REALTOR®, like those at The Property Manager, Inc., will be able to give you a good idea of what your property should possibly sell for based on prior sales of similar houses in the neighborhood. Be cautious of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.
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Brandon homeowners who are upside down on their home loan and need results fast should turn to the expertise of The Property Manager, Inc. to guide them through the short sale process. Contact us today for a free consultation. |
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 | Next, calculate your closing costs. The knowledgeable real estate professionals at The Property Manager, Inc. will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.
Finally, get in touch with your lender and make them aware of the situation. They may even have a dedicated team that oversees short sales. Ask about their exact procedures. 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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The Property Manager, Inc. PO Box 1741 Brandon, FL 33509-1741
Phone: Fax: Copyright © 2012 The Property Manager, Inc. Portions Copyright © 2012 a la mode, inc. Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map All rate, payment, and area information are estimates and approximations only.
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