|
|
|
|
Ready to short sell your home?
Not sure what a short sale is? A short sale happens
when the value of a home is less than the amount of the outstanding loans.
Short sales are usually the result of values in an area rapidly declining.
Short sales can be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.
What's involved in a short sale?
First, get an idea of the true market value of your property.
A good REALTOR®, like those at Woodward Realty Group, will be able to give you a reasonable idea of what your property should probably sell for based on a market analysis. Be careful 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.
 |
 |
 |
If you have concerns about real estate or what happens during a short sale in Freehold, New Jersey just contact me here or e-mail me.
|
|
|
|
 |
Next, find out your closing costs. The experienced REALTORS® at Woodward Realty Group will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.
Finally, contact your lender and make them aware of your situation. They may even have a specific team that deals with short sales. Ask about their particular process. Some lenders will be more inclined to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to give consent for the final sale.
|
|
|
  
  
 
|
