RE/MAX Performance is there for homeowners needing to execute a short sale Cary, North Carolina

Are you ready to short sell your home?

What is a short sale? A short sale happens when the amount of the outstanding loans is greater than the amount for which the home could sell. This situation is often the result of home values in an area rapidly declining.

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's involved in a short sale?

First, determine the true market value of your property. Since hiring a licensed appraiser may not work with your already tight budget, a qualified local real estate agent that knows the current conditions of the Cary real estate market is a smart way to get an accurate idea of your home's worth.

Should you have concerns regarding real estate or what happens during a short sale in Cary, North Carolina simply contact me here or e-mail me.

Next, find out your closing costs. My experience has taught me to account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, call your lender and tell them of your situation. They may even have a special team that deals with short sales. Ask about their particular process. Some lenders will be more willing 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.

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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