Don't know what a short sale is? A short sale occurs
when you owe more than what the house is worth.
Short sales are often the result of home prices in a market rapidly deflating.
For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to write off the difference.
What's involved in a short sale?
First, determine the true market value of your home.
A knowledgeable REALTOR®, like those at ON CALL REALTY INC., will be able to give you a reasonable idea of what your home will likely sell for based on prior sales of similar houses in the neighborhood. Be cautious of websites where a computer estimates your house's market value since they may not have complete information or know important things like neighborhood trends and current listings.
To get top dollar for your distressed real estate in Royal Palm Beach, it takes the level of know-how and experience we posses to get to the closing table quickly. Contact ON CALL REALTY INC. today.
Next, be sure to figure in your closing costs. The experienced real estate professionals at ON CALL REALTY INC. will consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, call your lender and notify them of the situation. They may even have a special department that manages short sales. Ask about their exact steps. Some lenders will be more able to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to give consent for the final sale.
ON CALL REALTY INC. 11369 Okeechobee Blvd Suite 400 Royal Palm Beach, FL 33411