Time to short sell your home?
What is a short sale? A short sale occurs when you owe more than what the house will possibly sell for . This situation is often caused by home values in a market rapidly deflating.
Short sales can be a way for homeowners to prevent foreclosure and get out from under their loan with the lender by settling.
What's involved in a short sale?
First, find out the true market value of your house. Since hiring a licensed appraiser may not fit your already tight budget, an experienced local real estate agent that knows the current conditions of the Murphy real estate market is a sound way to get a reliable opinion of your home's worth.
When the time comes to sell your house, Coldwell Banker High Country Realty is ready. Use my experience and knowledge of the local real estate market in Murphy to sell your home quickly. Contact us today
Next, find out your closing costs. My experience has taught me to consider fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.
Finally, contact your lender and let them know of the situation. They may even have a particular department that handles short sales. Ask about their particular procedures. Some lenders will be more willing 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 approve the final sale.