Are you ready to short sell your home?
Not sure 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 due to many reasons, but most commonly is a result of a rapidly declining real estate market.
For many homeowners, a short sale is an ideal way to preclude foreclosure or bankruptcy when they can negotiate with the lender to write off the difference.
How to do a short sale...
First, get an idea of the true market value of your house. Since paying for a licensed appraiser may not fit your already tight budget, an experienced local REALTOR® that knows the current conditions of the Puyallup real estate market is the best way to get a realistic idea of your home's value.
To get top dollar for your distressed real estate in Puyallup,
Contact FirstPoint Real Estate today for a company with the experience and knowledge to get you to the closing table quickly.
Next, don't forget about your closing costs. My experience has taught me to take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, contact your lender and make them aware of the situation. They may even have a specific department that handles short sales. Ask about their exact process. Some lenders will be more willing to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to give approval for the final sale.