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Ready to short sell your home?
What is a short sale? A short sale is
when you owe more than what the house is worth.
Short sales are typically the result of home 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, find out the true market value of your home.
Since paying for a licensed appraiser may not fit your already tight budget, a knowledgeable local real estate agent that knows the current conditions of the La Jolla real estate market is the best way to get an accurate opinion of your home's worth.
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Need an honest idea of what your home's value today's market? Contact us today to find out how Neely, Barrow & Associates can help.
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Next, calculate your closing costs. The qualified agents at Neely, Barrow & Associates will account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.
Finally, get in touch with your lender and notify them of the situation. They may even have a specific department that oversees short sales. Ask about their particular procedures. Some lenders will be more willing to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to give approval for the final sale.
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Richard Neely Jr. | DRE# 01264175 | (ph) 619.750.1107 | (fax) 619.297.5368
Michael Barrow | DRE# 01419213 | (ph) 619.772.1574 | (fax) 619.255.1675
Grand Pacific Properties Group
P.O. Box 2266, La Jolla, California 92038
  
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