Realty Executives East Valley is there for homeowners needing to execute a short sale Gilbert, Arizona

Ready 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 the amount of the outstanding loans. This situation is often caused by prices in an area rapidly declining.

For many homeowners, a short sale is an ideal way to avert foreclosure or bankruptcy when they can get the lender to write off the remainder of the loan.

What's involved in a short sale?

First, get an idea of the true market value of your home. A good real estate professional, like those at Realty Executives East Valley, will be able to give you a good idea of what your property would probably sell for based on prior sales of similar houses in the neighborhood. Be cautious 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.


	Should you have concerns about real estate or what happens during a short sale in Gilbert, Arizona you can contact me here or e-mail me.

Next, find out your closing costs. The qualified real estate professionals at Realty Executives East Valley will take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, contact your lender and notify them of your situation. They may even have a particular department that oversees short sales. Ask about their specific steps. Some lenders will be more willing 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 consent for the final sale.