CHOICE REALTY Carolmac & Co. Carolmac & Co., Inc. is there for homeowners needing to execute a short sale Brandon, Florida

Is it time to short sell your home?

Don't know what a short sale is? A short sale happens when you owe more than what the house will possibly fetch in the open market. Short sales are usually caused by home values in a market rapidly deflating.

Short sales could be a way for homeowners to preclude foreclosure and pay off their loan with the lender by settling.

What steps do I take in a short sale?

First, get an idea of the true market value of your property. Since hiring a licensed appraiser may not fit your already tight budget, a qualified local REALTOR® that knows the current conditions of the Brandon real estate market is a smart way to get a reliable idea of what your home could sell for.

To get top dollar for your distressed real estate in Brandon, Contact CHOICE REALTY Carolmac & Co. Carolmac & Co., Inc. 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 means I know to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, call your lender and notify them of your situation. They may even have a dedicated team that deals with short sales. Ask about their specific procedures. Some lenders will be more inclined 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 agree to the final sale.