Are you ready to short sell your home?
What is a short sale? A short sale occurs when you owe more than what the house will possibly fetch in the open market . This may be caused by many reasons, but commonly is a result of a rapidly declining real estate market.
Short sales may be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.
What's involved in a short sale?
First, assess the true market value of your home. For those whose finances are already stretched, engaging a licensed appraiser may not be an option. Therefore, an experienced local REALTOR® that knows the current conditions of the Jacksonville real estate market is a sound way to get an accurate opinion of what your home could sell for.
When it's time to sell your house, Choice Jacksonville Realty can help. Use my expertise and knowledge of the local real estate market in Jacksonville to sell your home quickly. Contact us today
Next, don't forget about your closing costs. My experience means I know to account for fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate 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 specific department that handles short sales. Ask about their exact steps. Some lenders will be more willing to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to approve the final sale.