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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.
This may be caused by many reasons, but commonly is a result of a rapidly declining housing market.
Short sales could be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.
What's involved in a short sale?
First, find out the true market value of your property.
An experienced REALTOR®, like those at Realty One Group, will be able to give you a reasonable idea of what your house would likely sell for based on a market analysis. Watch out for 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.
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Las Vegas homeowners who are upside down on their home loan and need relief fast can rely on the expertise of Realty One Group to guide them through the short sale process. Contact us today for a free consultation.
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Next, find out your closing costs. The experienced REALTORS® at Realty One Group will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.
Finally, get in touch with your lender and make them aware of the situation. They may even have a dedicated team that deals with short sales. Ask about their exact steps. Some lenders will be more inclined to work with you than others. They may be able to decrease how much you owe or make other arrangements. Your lender will have to approve the final sale.
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