Century 21 New Millennium is there for consumers needing to do a short sale Southern Maryland, Maryland

Are you ready to short sell your home?

Not sure what a short sale is? A short sale happens when the amount of the outstanding loans is greater than the amount for which the home could sell. This can be caused by many causes, but most often is a result of a rapidly declining real estate market.

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

The process of a short sale:

First, assess the true market value of your house. If your finances are already strained, paying a licensed appraiser may not be feasible. Therefore, an experienced local real estate agent that knows the current conditions of the Southern Maryland real estate market is the best way to get a reliable idea of your home's value.


	When you're ready to sell your home, Century 21 New Millennium can help. Use my expertise and knowledge of the local real estate market in Southern Maryland to sell your home quickly. Contact us today.

Next, be sure to figure in your closing costs. My experience means I know to account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, get in touch with your lender and tell them of your situation. They may even have a specific team that deals with short sales. Ask about their particular steps. 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 give consent for the final sale.