Do you need 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. This can be attributed to many causes, but often is a result of a rapidly declining real estate market.
Short sales may be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.
How do I proceed with a short sale?
First, find out the true market value of your property. If your finances are already pushed to the limit, paying a licensed appraiser may not be feasible. Therefore, a qualified local REALTOR® that knows the current conditions of the Randleman real estate market is a smart way to get a realistic estimate of your home's value.
To get top dollar for your distressed real estate in Randleman, it takes the level of know-how and experience we posses to get to the closing table quickly. Contact Connection Realty LLC today
Next, don't forget about your closing costs. My experience means I know to consider fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.
Finally, get in touch with your lender and notify them of your situation. They may even have a particular team 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 agree to the final sale.