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Are you ready to short sell your home?
Don't know what a short sale is? A short sale happens
when you owe more than what the house will possibly fetch in the open market.
This could be caused by many causes, but most commonly is a result of a rapidly declining real estate market.
For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to forgive the remainder of the loan.
What's involved in a short sale?
First, find out the true market value of your house.
A qualified real estate professional, like those at Silver Beach Realty, LLC, will be able to give you a good idea of what your property should likely sell for based on prior sales of similar houses in the neighborhood. Beware of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.
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When it's time to sell your house, Silver Beach Realty, LLC is ready. Take advantage of our expertise and knowledge of the local real estate market in Umatilla to sell your home quickly. Contact us today.
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Next, don't forget about your closing costs. The knowledgeable real estate agents at Silver Beach Realty, LLC will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.
Finally, call your lender and tell them of your situation. They may even have a specific team that manages short sales. Ask about their specific steps. Some lenders will be more inclined to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to give approval for the final sale.
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Silver Beach Realty, LLC 41230 Silver Drive Umatilla, FL 32784
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