ReMax Associates is there for homeowners needing to execute a short sale Wilmington, Delaware

Ready to short sell your home?

Don't know what a short sale is? A short sale is when you owe more than what the house is worth. Short sales are often caused by home prices in an area rapidly deflating.

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

How do I proceed with a short sale?

First, find out the true market value of your house. If your finances are already stretched, paying a licensed appraiser may not be feasible. Therefore, an experienced local REALTOR^® that knows the current conditions of the Wilmington real estate market is a sound way to get a reliable idea of your home's value.


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

Next, estimate your closing costs. The experienced REALTORS^® at Alliance Realty will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

Finally, get in touch with your lender and tell them of the situation. They may even have a specific team that deals with short sales. Ask about their particular process. Some lenders will be more able to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give approval for the final sale.