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

Do you 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 is greater than the amount for which the home could sell. Short sales are often the result of values in a market rapidly declining.

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

How do I proceed with a short sale?

First, figure out the true market value of your house. A knowledgeable real estate professional, like Weichert, Realtors - Villar and Company, will be able to give you a good idea of what your house will probably sell for based on prior sales of similar houses in the neighborhood. Be cautious 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.

Prairieville homeowners who are upside down on their home loan and need results fast can rely on the expertise of Weichert, Realtors - Villar and Company to guide them through the short sale process. Contact me today for a free consultation.

Next, don't forget about your closing costs. My work in this area means I know to consider fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, contact your lender and let them know of your situation. They may even have a special team that oversees short sales. Ask about their exact procedures. Some lenders will be more able to work with you than others. They may be able to lessen the amount owed or make other arrangements. Your lender will have to give consent for the final sale.