Short Sale Guide to Buying and Selling Homes Underwater
A short sale is the sale of a property that falls short of the balance owed on the property’s loan, typically the consequence of the borrower’s inability to make their mortgage payments. The lender will usually allow this in order to prevent foreclosure, operating under the assumption that in a down market, it is more advantageous to sell the property sooner than later and thus incurring a more moderate loss.
The lender will not provide the occupant with an indefinite period to find a buyer, or the freedom to name what they believe is the market price for the property. A convincing and well-supported price opinion is needed if the buyer wants the lender to go as low as is needed in order to sell the home. A real estate agent with short sale and foreclosure experience is the best person for completing a price opinion that will obtain the most realistic listing price for the market.
What we offer:
The Local Realty Short Sale Experts will work with you to secure a successful short sale, offering:
- Friendly and professional service
- Successful short sale experience
- Years of experience working with financial institutions
- Persuasive and realistic pricing opinions
- Aggressive marketing
- Access to online and traditional marketing outlets
- Repair and maintenance contacts
- Real estate document preparation
- Successful negotiations experience
Let the experience of The Local Realty work for you. If you or your company has properties in US and would like to discuss developing a relationship with The Local Realty for the sale and/or management of those properties, please contact us.