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Short Sale Buyer
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 sell for. This situation is usually caused by values in a market rapidly deflating.
For many homeowners, a short sale is an ideal way to prevent foreclosure or bankruptcy when they can negotiate with the lender to forgive the remainder of the loan.
What steps do I take in a short sale?
First, find out the true market value of your house. A knowledgeable real estate professional, like those at Insurance/Real Estate Advisors & Faciliators, LLC, will be able to give you a good idea of what your house should possibly sell for based on a market analysis. Be cautious 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.
When it's time to sell your property, Insurance/Real Estate Advisors & Faciliators, LLC will help. Take advantage of our experience and knowledge of the local real estate market in Austin to sell your home quickly.
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Next, calculate your closing costs. The knowledgeable REALTORS
at Insurance/Real Estate Advisors & Faciliators, LLC will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.
Finally, contact your lender and let them know of the situation. They may even have a particular team that oversees short sales. Ask about their exact steps. Some lenders will be more able to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to agree to the final sale.