Realty Executives Northern Arizona is there for sellers needing to do a short sale Prescott, Arizona

Do you need 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 will possibly fetch in the open market. This could be attributed to many causes, but often is a result of a rapidly declining real estate market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to write off the difference.

The process of a short sale:

First, determine the true market value of your house. For those whose finances are already pushed to the limit, engaging a licensed appraiser may not be an option. Therefore, an experienced local real estate professional that knows the current conditions of the Prescott real estate market is a sound way to get an accurate opinion of your home's value.


	Should you have questions regarding real estate or what happens during a short sale in Prescott, Arizona just contact me here or e-mail me.

Next, estimate your closing costs. The experienced real estate agents at Realty Executives Northern Arizona will account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, call your lender and make them aware of the situation. They may even have a particular team that handles short sales. Ask about their specific steps. Some lenders will be more able 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 give consent for the final sale.

Realty Executives Northern Arizona 503 E. Gurley Prescott, AZ 86301

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