Charles Rutenberg Realty Inc. is there for homeowners needing to execute a short sale Clearwater, Florida

Is it time to short sell your home?

What is a short sale? A short sale is when the amount of the outstanding loans is greater than the value of the home. Short sales are usually caused by prices in a market rapidly deflating.

Short sales could be a way for homeowners to preclude foreclosure and pay off their loan with the lender by settling.

The process of a short sale:

First, figure out the true market value of your house. Since paying for a licensed appraiser may not fit your already tight budget, a knowledgeable local real estate professional that knows the current conditions of the Clearwater real estate market is a sound way to get a realistic opinion of your home's worth.


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

Next, determine your closing costs. My experience means I know to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, call your lender and make them aware of the situation. They may even have a dedicated department that manages short sales. Ask about their particular steps. Some lenders will be more able to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give consent for the final sale.

Charles Rutenberg Realty Inc.

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