Weichert, Realtors - Villar and Company is there for sellers needing to execute a short sale Prairieville, Louisiana

Need to short sell your home?

Not sure what a short sale is? A short sale is when you owe more than what the house is worth . This situation is often caused by home values in an area rapidly deflating.

Short sales can be a way for homeowners to preclude foreclosure and get out from under their loan with the lender by settling.

What's involved in a short sale?

First, get an idea of the true market value of your house. Since paying for a licensed appraiser may not work with your already tight budget, an experienced local real estate professional that knows the current conditions of the Prairieville real estate market is a smart way to get a reliable idea of what your home could sell for.

Need an honest idea of what your home could sell for today's market? Contact me today to find out how Weichert, Realtors - Villar and Company can help.

Next, find out your closing costs. My work in this area has taught me to consider fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, get in touch with your lender and tell them of your situation. They may even have a dedicated department that handles short sales. Ask about their exact procedures. Some lenders will be more inclined to work with you than others. They may be able to decrease the amount owed or make other arrangements. Your lender will have to give consent for the final sale.