Not sure what a short sale is? A short sale happens
when the amount of the outstanding loans are greater than the value of the home.
This can be due to many factors, but most often is a result of a rapidly declining real estate market.
Short sales may be a way for homeowners to avert foreclosure and get out from under their loan with the lender by settling.
The process of a short sale:
First, figure out the true market value of your property.
A knowledgeable REALTOR®, like those at RE/MAX of Stuart, will be able to give you a good idea of what your house will possibly sell for based on prior sales of similar houses in the neighborhood. 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.
To get top dollar for your distressed real estate in Stuart, it takes the level of know-how and experience we posses to get to the closing table quickly. Contact RE/MAX of Stuart today.
Next, be sure to figure in your closing costs. The qualified REALTORS® at RE/MAX of Stuart will consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.
Finally, get in touch with your lender and let them know of the situation. They may even have a dedicated department that handles short sales. Ask about their particular steps. Some lenders will be more inclined to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to agree to the final sale.
Together we can turn for sale into "S O L D"
RE/MAX of Stuart 729 S Federal Hwy Suite 100 Stuart, FL 34994
