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Selective Realty Inc. is there for consumers needing to execute a short sale Milpitas, California

Time to short sell your home?

Don't know what a short sale is? A short sale occurs when the value of a home is less than what is owned. This can be attributed to many causes, but frequently is a result of a rapidly declining housing market.

For many homeowners, a short sale is an ideal way to avert foreclosure or bankruptcy when they can get the lender to forgive the difference.

How to do a short sale...

First, assess the true market value of your home. Since hiring a licensed appraiser may not work with your already tight budget, an experienced local real estate agent that knows the current conditions of the Milpitas real estate market is a smart way to get a realistic idea 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 any questions you have regarding real estate short sales.

Next, determine your closing costs. My experience has taught me to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, call your lender and notify them of the situation. They may even have a specific team that deals with short sales. Ask about their specific process. Some lenders will be more inclined to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to agree to the final sale.

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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