FONVILLE MORISEY REALTY is there for homeowners needing to execute a short sale Durham, North Carolina

Is it time to short sell your home?

Don't know what a short sale is? A short sale occurs when the value of a home is less than what is owned. This could be attributed to many reasons, but most often is a result of a rapidly declining housing market.

Short sales can be a way for homeowners to preclude foreclosure and pay off 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. A good real estate professional, like those at FONVILLE MORISEY REALTY, will be able to give you a realistic idea of what your property would possibly sell for based on a market analysis. Beware 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 you're ready to get started, contact me through my site or e-mail me. I'm happy to address questions you have about real estate short sales.

Next, don't forget about your closing costs. The experienced agents at FONVILLE MORISEY REALTY will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, call your lender and notify them of the situation. They may even have a particular team that oversees short sales. Ask about their exact procedures. Some lenders will be more willing 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 approve the final sale.