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Is it time to short sell your home?
What is a short sale? A short sale happens
when you owe more than what the house will possibly sell for.
Short sales are often caused by home prices in a market rapidly deflating.
For many homeowners, a short sale is an ideal way to preclude foreclosure or bankruptcy when they can get the lender to forgive the remainder of the loan.
What's involved in a short sale?
First, assess the true market value of your house.
A knowledgeable real estate professional, like those at Rightmove Orlando Real Estate, will be able to give you a good idea of what your property will likely sell for based on a market analysis. Beware of websites where a computer estimates your house'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 the time comes to sell your home, Rightmove Orlando Real Estate is ready. Use our experience and knowledge of the local real estate market in Clermont to sell your home quickly. Contact us today.
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Next, don't forget about your closing costs. The experienced real estate agents at Rightmove Orlando Real Estate will take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.
Finally, call your lender and tell them of your situation. They may even have a particular team that deals with short sales. Ask about their specific procedures. Some lenders will be more willing to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to approve the final sale.
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Rightmove Orlando Real Estate 17445 Unit 14 US Hwy 192 Clermont, FL 34711
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