Keyes Realty is there for homeowners needing to execute a short sale Wellington, Florida

Time to short sell your home?

What is a short sale? A short sale happens when the amount of the outstanding loans are greater than the value of the home. This situation is typically the result of home prices in an area rapidly deflating.

Short sales could be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.

What steps do I take in a short sale?

First, find out the true market value of your property. A qualified real estate professional, like those at Keyes Realty, will be able to give you a reasonable idea of what your home will likely sell for based on prior sales of similar houses in the neighborhood. Be careful of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	When the time comes to sell your home, Keyes Realty will help. Use our expertise and knowledge of the local real estate market in Wellington to sell your home quickly. Contact us today.

Next, determine your closing costs. The knowledgeable real estate agents at Keyes Realty 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 let them know of your situation. They may even have a special team that manages short sales. Ask about their exact steps. 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 consent for the final sale.