Do you need to short sell your home?
Don't know what a short sale is? A short sale is when the value of a home is less than what is owned. This situation is often the result of prices in a market rapidly declining.
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, determine the true market value of your home. If your finances are already strained, hiring a licensed appraiser may not be feasible. Therefore, a knowledgeable local real estate agent that knows the current conditions of the Pleasant Garden real estate market is a sound way to get a realistic idea of your home's worth.
When you're ready to sell your property, The ALLREALTY Group is ready. Use my expertise and knowledge of the local real estate market in Pleasant Garden to sell your home quickly. Contact us today
Next, find out your closing costs. My work in this area means I know to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at closing.
Finally, get in touch with your lender and tell them of your situation. They may even have a special team that handles short sales. Ask about their particular procedures. Some lenders will be more inclined to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give consent for the final sale.