Short Sales ABC 1st Steps for Sellers

If you are a seller and you are having trouble keeping up with your mortgage. contact you mortgage company and see if they make arrangements to help you.

Now that said, you are a home-owner and you are ready to sell your home, money is tight and you want out of your nightmare.

The first thing you need to find out is if you really need to go the short-sale route. The fee's associated with the sell of you home can be computed using a Net Sheet or HUD1 Sheet.

When you contact your Realtor, they will be able give you a good estimate of closing cost, transfer fees and items that need to be paid when you sell your home. If the speculated sales price of your home is not enough to take care of your selling fee's including pay-off of current mortgages... A short-sale may be your next step.

So before you jump to conclusions, take these steps.

See you next time

Frank Harris

240-472-9008