Golden Corner Realty & Dev. Inc. is there for homeowners needing to do a short sale Seneca, South Carolina

Need to short-sell your home?

Not sure what a short sale is? A short sale is when the value of a home is less than what is owned. This could be due to many factors, but often is a result of a rapidly declining real estate market.

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


What steps do I take in a short sale?

First, find out the true market value of your home. A knowledgeable REALTOR®, like those at Golden Corner Realty & Dev. Inc., will be able to give you a good idea of what your house will possibly sell for based on prior sales of similar houses in the neighborhood. Watch out for websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

Need an honest idea of what your home could sell for today's market? Contact us today to find out how Weichert Realtors - In The Golden Corner can help.

Next, calculate your closing costs. My work in this area has taught me to account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, contact your lender and make them aware of your situation. They may even have a specific department that deals with short sales. Ask about their exact process. Some lenders will be more able to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to approve the final sale.