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Ready to short sell your home?
Don't know what a short sale is? A short sale is
when the value of a home is less than the amount of the outstanding loans.
This situation is typically caused by prices in an area rapidly declining.
Short sales can be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.
How do I proceed with a short sale?
First, determine the true market value of your property.
A qualified real estate professional, like those at Dan and Sherrie Furber, will be able to give you a realistic idea of what your house will likely sell for based on a market analysis. Beware of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.
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When the time comes to sell your home, Dan and Sherrie Furber can help. Use our expertise and knowledge of the local real estate market in Edmond to sell your home quickly. Contact us today.
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Next, calculate your closing costs. The knowledgeable agents at Dan and Sherrie Furber will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.
Finally, call your lender and make them aware of the situation. They may even have a special department that oversees short sales. Ask about their particular process. 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.
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Each office is independently owned and opperated. Information believed to be accurate but not guaranteed.
Dan and Sherrie Furber 3636 E I-35 Frontage Rd Edmond, OK 73013
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