Twin Home Info - Sailing Home Realty is there for sellers needing to execute a short sale Baldwin, New York

Need to short sell your home?

Don't know what a short sale is? A short sale is when the amount of the outstanding loans are greater than the value of the home. This situation is usually caused by home prices in an area rapidly declining.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can get the lender to forgive the difference.


What steps do I take in a short sale?

First, assess the true market value of your property. An experienced REALTOR®, like those at Twin Home Info - Sailing Home Realty, will be able to give you a realistic idea of what your property will possibly sell for based on a market analysis. Beware of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

When you're ready to get started, contact me through my site or e-mail me. I'm glad to address questions you have regarding real estate short sales.

Next, determine your closing costs. The knowledgeable REALTORS® at Twin Home Info - Sailing Home Realty will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, call your lender and tell them of your situation. They may even have a dedicated team that deals with short sales. Ask about their exact procedures. Some lenders will be more willing 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 give approval for the final sale.


Twin Home Info - Sailing Home Realty 1025 Atlantic Ave Baldwin, NY 11510-4247
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