Not sure what a short sale is? A short sale is when the value of a home is less than what is owned. Short sales are typically the result of values in a market rapidly declining.
Short sales can be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.
The process of a short sale:
First, assess the true market value of your property. If your finances are already stretched, paying a licensed appraiser may not be feasible. Therefore, a qualified local real estate agent that knows the current conditions of the Apple Valley real estate market is a sound way to get a reliable opinion of what your home could sell for.
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When the time comes to sell your property, Grand Vista Realty can help. Take advantage of our experience and knowledge of the local real estate market in Apple Valley to sell your home quickly. Contact us today. |
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Next, be sure to figure in your closing costs. The experienced agents at Grand Vista Realty will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.
Finally, call your lender and let them know of the situation. They may even have a particular department that deals with short sales. Ask about their specific steps. Some lenders will be more inclined to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to give approval for the final sale.
If you decide to have the certified short sale experts at Grand Vista Realty list your home as a short sale, they can handle much for the daunting tasks and paperwork involved with the short sale process. Call them today for a Free Consultation and find out your options before it is too late!
