Sicklerville | Camden County | NJ | Short Sales; What Is The First Step?

I received an interesting phone inquiry today from a very nice homeowner who may or may not need to sell her home as a short sale. She asked me a very simple question that I realized I have never addressed in my blog: "What's the first step in a short sale?"

I realized that because I deal with distressed homeowners everyday, I take some of the process for granted. My response, and what I truly believe should always be the first step, is that we first need to establish the current price that the home would sell for today. Without knowing the price, it is impossible to know if the homeowner needs help with a short sale or simply just needs a regular sale. Either way, I believe a prudent first step is to have a real estate professional visit your home and go over the comparable sales with you to determine what your current situation is. A knowledgable professional should also be able to discuss all of your options with you and refer you to legal cousel when appropriate.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com