Capital Realty and Management Corp. is there for homeowners needing to execute a short sale Palm Coast, Florida

Time to short sell your home?

What is a short sale? A short sale occurs when you owe more than what the house is worth. This may be caused by many factors, but often is a result of a rapidly declining housing market.

Short sales could be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.


The process of a short sale:

First, figure out the true market value of your home. A knowledgeable real estate professional, like those at Capital Realty and Management Corp., will be able to give you a reasonable idea of what your house would probably sell for based on prior sales of similar houses in the area. Be careful 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.

To get top dollar for your distressed real estate in Palm Coast, Contact Capital Realty and Management Corp. today for a company with the experience and knowledge to get you to the closing table quickly.

Next, find out your closing costs. My work in this area means I know to account for fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, get in touch with your lender and make them aware of your situation. They may even have a special department that oversees short sales. Ask about their particular steps. Some lenders will be more inclined to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to agree to the final sale.