There’s a simple way to determine whether or not you should short sale your home. First, we look at the surrounding market to determine what your home might be worth. Then, we compare that number against what you owe on the property. If you’re upside down, you have two options in order to sell your home. The first option would be to bring as much at sale as possible, and cover the difference out of pocket. If this isn’t possible, then we present the best offer we can to your creditor(s) and seek approval to sell for less than is owed.
Often people forget how much time and additional money it may take to recover the value of their home in order to break even on what they owe if they need to sell. When you look at the long term costs, you may discover what many others have discovered, that you’re pouring good money after bad into a house that you’re trapped in.
Life happens, and with life comes the need to relocate from time to time. Various hardships may force you into a position where your only choice is to sell your home.
For help determining what your home might be worth, tell me a little bit more about your situation, and I’ll send you a FREE report that may help you make that decision.