Stirling Sotheby's International Realty is there for homeowners needing to do a short sale Heathrow, Florida

Is It time to short sell your home?

What is a short sale? A short sale happens when the market value of a home is less than what is owed on the mortgage. Short sales are often the result of prices in an area rapidly deflating.

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

What steps do I take in a short sale?

First, get an idea of the true market value of your property. An experienced real estate professional, like Sally Andy and David Warren of Stirling Sotheby's International Realty, will be able to give you a reasonable idea of what your home should likely sell for based on a market analysis. Be cautious of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	When you're ready to get started, contact me through my site or e-mail me. I'm glad to address any questions you have about real estate short sales.

Next, estimate your closing costs. Sally and David will consider fees like title search and examination, owner's title policy, document stamps, property taxes, and agent compensation to tally your final costs at closing.

Finally, call your lender and notify them of your situation. They will most likely have a special department that deals specifically with short sales. This department is often called Loss Mitigation. Ask about their particular process. Some lenders will be more inclined to work with you than others. They may be able to decrease how much you owe or make other arrangements. Your lender will have to give consent for the final sale, but that would ultimately come after your property has been marketed and written offer has been secured.

*Stirling Sotheby's International Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.*