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Remax Allegiance is there for homeowners needing to execute a short sale Alexandria, Virginia

Is it time to short sell your home?

Not sure what a short sale is? A short sale occurs when the amount of the outstanding loans is greater than the value of the home. This can be attributed to many factors, but most often is a result of a rapidly declining housing market.

For many homeowners, a short sale is an ideal way to avoid foreclosure or bankruptcy when they can negotiate with the lender to forgive the remainder of the loan.

What steps do I take in a short sale?

First, assess the true market value of your home. If your finances are already pushed to the limit, paying a licensed appraiser may not be an option. Therefore, a qualified local real estate agent that knows the current conditions of the Alexandria real estate market is a sound way to get a realistic idea of what your home could sell for.

When the time comes to sell your house, Remax Allegiance will help. Take advantage of my expertise and knowledge of the local real estate market in Alexandria to sell your home quickly. Contact us today.

Next, don't forget about your closing costs. My work in this area means I know to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, get in touch with your lender and let them know of the situation. They may even have a particular department that deals with short sales. Ask about their particular procedures. Some lenders will be more able to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to give approval for 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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