Short Sale Seller

Time to short sell your home?

Sellers - Short Sale Seller | Greater Orlando RealtyWhat is a short sale? A short sale happens when the value of a home is less than what is owned. This situation is often the result of home prices in a market rapidly declining.

Short sales may be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.

How do I proceed with a short sale?

First, get an idea of the true market value of your house. An experienced real estate professional, like Greater Orlando Realty USA, Inc, will be able to give you a good idea of what your house would likely sell for based on prior sales of similar houses in the area. Be careful of websites where a computer estimates your house's market value since they may not have complete information or know important things like neighborhood trends and current listings.

When it's time to sell your property, Greater Orlando Realty USA, Inc is ready. Use my experience and knowledge of the local real estate market in Altamonte Springs to sell your home quickly. Contact us today.
Next, be sure to figure in your closing costs. My experience has taught me to account for fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, call your lender and let them know of your situation. They may even have a particular team that manages short sales. Ask about their specific steps. Some lenders will be more inclined to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to give approval for the final sale.