You now have your home listed for sale in hopes of avoiding foreclosure. What do you do? Is there anything special in preparing your home for sale as a short sale? The guidelines and rules for selling your home as a short sale are basically the same as if you were offering your home for sale without it being a short sale. What do you need to do, as the homeowner?
- What does your home look like from the road? Remember the importance of curb appeal. You want to get the buyers to want to come in. Sometimes, however this may be difficult if funds are low and you can't afford to keep it up. Simply do your best for your situation.
- Once inside your home, you'll want to keep it neat and tidy. Short Sale or not, buyers prefer neat and tidy. Short Sale doesn't have to mean uncleanliness and mess. Keep it in "Showing" condition.
- Allow for showings. The more showings the greater chance of reaching that one Buyer who'll keep you out of foreclosure.
As a Realtor, what do I do in Selling your home as a Short Sale?
- Price, Price, Price - Not any difference from selling your home not as a Short Sale. Your home must be priced at or below the Fair Market Value. How is Fair Market Value determined? We'll look at comparable homes that have sold in your neighborhood. Buyers will let you know what they are willing to pay for your home and your Lender will let you know how far they are willing to be from the Fair Market Value. Each Lender will have differing criteria that will be adhered to. Price it right. If your home isn't getting showings, the price will be adjusted. Time isn't on your side when selling a home in pre forclosure therefore it's imperative that you price your home aggressively to get it sold.
- When an offer is received by a Buyer, this offer will be submitted to your Lender along with all your documentation that was compiled, as I outlined in Chapter 2.
Coming soon we'll talk about what happens after you receive an offer on your home.
The more you know, the better prepared, the better the outcome. Stay tuned for the next Chapter addressing Short Sales. Come back soon to see the next released Chapter.
Got something that you'd like addressed, let me know.
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland and Sunrise in Broward County of South Florida as your dedicated Realtor ready to work for you. Looking forward to hearing from you soon. Call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse.com
The more you know, the better prepared, the better the outcome.
Whether you're Selling a home in Coral Springs or Buying a home in Coral Springs or other South Florida cities, there's a lot happening and a lot for your Coral Springs Realtor to be knowledgeable about when it comes to Coral Springs Real Estate and the Real Estate of surrounding cities such as Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Tamarac and Sunrise here in South Florida.
As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.
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I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor
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