ERA Team IV Homes is there for homeowners needing to do a short sale Poughkeepsie, New York

Ready to short sell your home?

Don't know what a short sale is? A short sale happens when you owe more than what the house will possibly fetch in the open market. This may be caused by many reasons, but most commonly is a result of a rapidly declining real estate market.

Short sales may be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.


What's involved in a short sale?

First, assess the true market value of your home. An experienced real estate professional, like those at ERA Team IV Homes, will be able to give you a reasonable idea of what your house should probably sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your house's market value since they may not have complete information or know important things like neighborhood trends and current listings.

Need an honest idea of what your home is worth in today's market? Contact us today to find out how ERA Team IV Homes can help.

Next, estimate your closing costs. The experienced agents at ERA Team IV Homes will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, call your lender and notify them of your situation. They may even have a special department that manages short sales. Ask about their particular procedures. Some lenders will be more willing to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give approval for the final sale.

  

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ERA Team IV Homes: Real Estate Brokerage in Poughkeepsie, Dutchess County, New York Visit  


ERA Team IV Homes 483 Freedom Plains Rd Poughkeepsie, NY 12603
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