Do you need to short sell your home?

Don't know what a short sale is? Some people simply refer to this situation as being: 

"upside down on mortgage"

A short sale occurs when the value of a home is less than the amount of the outstanding loans. This could be due to many causes, but most often is a result of a rapidly declining housing market.

For many homeowners, a short sale is an ideal way to avoid foreclosure or bankruptcy when they can get the lender to forgive the difference.  You may also be able to buy another home within 24 months of your short sale. 

How do I proceed with a short sale?

First, have CityFied Realty determine the market value of your property. For those whose finances are already stretched, hiring a licensed appraiser may not be an option. Therefore, a knowledgeable real estate professional that knows the current conditions of the San Diego short sale real estate market is the best way to get a realistic estimate of what your home could sell for.

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

Next, we will estimate your closing costs. The experienced agents at Cityfied Realty Inc. will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.  Your lender will normally pay these costs and any real estate commissions.

Finally, we will contact in your lender and make them aware of your situation.  Once an offer has been accepted by you we will handle all of the negotiations with your lender.  You will retain your right to accept or reject your lender's short sale approval conditions once the approval is issued.