Time to short sell your home? What is a short sale? A short sale occurs when you owe more than what the house is worth. This may be caused by many reasons, but commonly is a result of a rapidly declining housing market. For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to write off the difference. What's involved in a short sale? First, get an idea of the true market value of your house. An experienced real estate professional, like those at Remax Marketplace, will be able to give you a reasonable idea of what your home should likely sell for based on a market analysis. Beware of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings. Celebration homeowners who are upside down on their home loan and need relief fast can rely on the expertise of Remax Marketplace to guide them through the short sale process. Contact us today for a free consultation. Next, find out your closing costs. The experienced real estate agents at Remax Marketplace will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table. Finally, contact your lender and notify them of the situation. They may even have a dedicated department that manages short sales. Ask about their particular steps. 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 agree to the final sale.

Karyn Smith Realtor GRI ABR Broker Associate 321 939 7671

Karyn@SearchFloridaHome.com

Celebration Kissimme Florida 34747 North Village, South Village, East Village, West Village, Aqulia Reserve, The Acadias, Artisan Park, Lake Evalyn, Celebration Village, Roseville Corner