(310) 784-2828 Ext 225
Need to short sell your home?
Not sure what a short sale is? A short sale occurs when you owe more than what the house is worth . This could be attributed to many factors, but often is a result of a rapidly declining housing market.
For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to forgive the difference.
How do I proceed with a short sale?
First, determine the true market value of your property. Since hiring a licensed appraiser may not work with your already tight budget, an experienced local real estate agent that knows the current conditions of the Rancho Palos Verdes real estate market is a smart way to get an accurate estimate of your home's worth.
When it's time to sell your property, Excel Funding Real Estate Services, Inc. is ready. Take advantage of my expertise and knowledge of the local real estate market in Rancho Palos Verdes to sell your home quickly. Contact us today
Next, determine your closing costs. My work in this area has taught me to take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.
Finally, contact your lender and notify them of the situation. They may even have a particular team that manages short sales. Ask about their exact process. Some lenders will be more able to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to agree to the final sale.