Excel Funding Real Estate Services, Inc. is there for sellers needing to do a short sale Rancho Palos Verdes, California

Do you need to short sell your home?

Not sure what a short sale is? A short sale is when you owe more than what the house is worth . This can be attributed to many causes, but most commonly 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 remainder of the loan.

How to do a short sale...

First, find out the true market value of your house. An experienced REALTOR®, like Excel Funding Real Estate Services, Inc., will be able to give you a reasonable idea of what your house will probably sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.

Rancho Palos Verdes homeowners who are upside down on their mortgage and need relief fast should turn to the expertise of Excel Funding Real Estate Services, Inc. to guide them through the short sale process. Contact me today for a free consultation.

Next, don't forget about your closing costs. My experience has taught me to consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, call your lender and make them aware of the situation. They may even have a dedicated department that manages short sales. Ask about their exact procedures. Some lenders will be more inclined to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to give approval for the final sale.

Excel Funding Real Estate Services, Inc.

28924 South Western Avenue, Suite 110
Rancho Palos Verdes, CA 90275