All-Estate Realty is there for sellers needing to do a short sale Miami, Florida

Need to short sell your home?

Not sure what a short sale is? A short sale happens when you owe more than what the house is worth. Short sales are typically the result of home prices in an area rapidly deflating.

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

What steps do I take in a short sale?

First, get an idea of the true market value of your house. Since paying for a licensed appraiser may not fit your already tight budget, a qualified local real estate agent that knows the current conditions of the Miami real estate market is a smart way to get a reliable idea of your home's value.


	Need real estate advice? Contact us today to find out how All-Estate Realty can help.

Next, determine your closing costs. The qualified real estate agents at All-Estate Realty will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, contact your lender and let them know of the situation. They may even have a specific department that manages short sales. Ask about their exact process. Some lenders will be more inclined to work with you than others. They may be able to lessen the amount owed or make other arrangements. Your lender will have to agree to the final sale.

All-Estate Realty PO Box 771076 Miami, FL 33177-0018

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