Realty Executives TEAM III is there for consumers needing to execute a short sale Gilbert, Arizona

Is it time to short sell your home?

Don't know what a short sale is? A short sale is when you owe more than what the house will possibly fetch in the open market. Short sales are typically caused by values in an area rapidly declining.

Short sales can be a way for homeowners to avert foreclosure and get out from under their loan with the lender by settling.

How do I proceed with a short sale?

First, assess the true market value of your property. A qualified REALTOR^®, like those at Realty Executives TEAM III, will be able to give you a good idea of what your house would possibly sell for based on prior sales of similar houses in the area. 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.


	Need real estate advice? Contact us today to find out how Realty Executives TEAM III can help.

Next, estimate your closing costs. The knowledgeable real estate professionals at Realty Executives TEAM III will account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, get in touch with your lender and tell them of your situation. They may even have a specific department that deals with short sales. Ask about their exact procedures. Some lenders will be more inclined to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to give approval for the final sale.