South Florida Real Estate Happenings

What's your plan? Should you sell your home as a Short Sale?

There's no kidding anybody that times continue to be tough for many Americans, particularly those here in South Florida in towns of Coral Springs south to Plantation and beyond, in fact.  In fact, just today we heard of the continued rise in the rate of weekly unemployment rates hitting a high of 500,000 claims. Perhaps, you know someone or are that someone who has been struggling to make ends meet. Have you tried this or considered this yet:

These aren't plans as they're not getting you anywhere. Prior to getting where you're at now it probably was a lot easier to make plans yet you never thought you'd be hit with losing your job, having reduced household income, medical expenses, divorce and any other major life changing event.  Sometimes we just think this can't happen to us and then it does. So what's your plan? Should you sell your home as  a Short Sale? Yes, if you:

  • Want to avoid foreclosure
  • Want to lessen the possible impact to your credit depending on your circumstances
  • Want to try and avoid any deficiency balance being pursued; always the goal of a Short Sale
  • Looking for some peace of mind

Here's the recommended plan if you want to sell your home as a Short Sale:

  1. Contact you Lender and let them know that you want to sell your home as a Short Sale 
  2. Get your home in the best possible condition that you can afford to do so you can get a fast sale
  3. Hire a qualified Short Sale Realtor/Real Estate Agent
  4. Get your home listed for sale as a Short Sale
  5. Cooperate completely with your Short Sale Realtor providing required documentation in a timely manner
  6. Allow for showings as you want to get your home sold, particularly if you've already have a foreclosure sale date set
  7. Save some money to allow for moving expenses
  8. Keep up on paying your homeowners association fees if at all possible, as past due HOA fees can be a sticking point that is better if you don't have to deal with if at all possible in a Short Sale. If you can't keep up make sure you have a Realtor whose good in negotiations.
  9. Try to maintain your home as much as possible to avoid any possible headaches from the Buyer once you've been given the approval by your Lender to sell your home as a Short Sale. Even though most Buyers understand that they're purchasing your home "As Is" and will be disclosed of the home they're purchasing is a Short Sale where maintenance of the home may be difficult from you as the Seller
  10. Obtain a Written Short Sale approval letter from your Lender(s)
  11. Plan for closing which you'll typically be allowed 30 days to move out.
  12. Close and start looking for that peace of mind

 

 

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The more you know,  the better prepared, the better the outcome.

Whether you're Selling your home in Coral Springs or Buying your home in Coral Springs or other Southeast Florida cities from Boca Raton south to Miramar, I promise to be on your side working hard for you as your Coral Springs Realtor and South Florida Realor. Helping homeowners with Coral Springs Real Estate and the Real Estate in surrounding cities such as Coral Springs, Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Miramar, Tamarac and Sunrise in Broward county to the cities of Boca Raton, Delray Beach and Boynton Beach in Palm Beach county. 

 As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, Coral Springs Short Sale Realtor, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.

 Real Estate Promises Delivered

I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor 

 

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+LynnPineda

Comment balloon 2 commentsLynn Pineda • August 19 2010 04:15PM
What's your plan? Should you sell your home as a Short Sale?
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