Are you ready to short sell your home?

 
  Not sure what a short sale is? A short sale occurs when the amount of the outstanding loans are greater than the value of the home. This may be attributed to many factors, but commonly 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.



How do I proceed with a short sale?
First, figure out the true market value of your house. For those whose finances are already strained, hiring a licensed appraiser may not be an option. Therefore, a qualified local real estate agent that knows the current conditions of the Jacksonville real estate market is a sound way to get a reliable opinion of what your home could sell for.


To get top dollar for your distressed real estate in Jacksonville, it takes the level of know-how and experience we posses to get to the closing table quickly. Contact Pam Chumley today.



Next, don't forget about your closing costs. The qualified real estate agent Pam Chumley will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, get in touch with your lender and make them aware of your situation. They may even have a specific department that oversees short sales. Ask about their particular steps. Some lenders will be more inclined 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 agree to the final sale.



 Pam Chumley
16406 Hwy 17, Suite 5 Hampstead, NC 28443-3745
Phone: 910-232-6278 Fax: 910-270-3380 E-mail: pam@u2homes.net