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Lake Country Real Estate, Inc. is there for sellers needing to do a short sale Auburn, New York

Ready 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 commonly is a result of a rapidly declining housing market.

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

How do I proceed with a short sale?

First, assess the true market value of your home. Since paying for a licensed appraiser may not work with your already tight budget, a knowledgeable local real estate agent that knows the current conditions of the Auburn real estate market is a smart way to get a reliable opinion of your home's worth.

Auburn homeowners who are upside down on their mortgage and need relief fast can rely on the expertise of Lake Country Real Estate, Inc. to guide them through the short sale process. Contact me today for a free consultation.

Next, find out your closing costs. My work in this area has taught me to consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

Finally, contact your lender and notify them of the situation. They may even have a dedicated team that deals with short sales. Ask about their particular process. Some lenders will be more inclined to work with you than others. They may be able to decrease your loan principal 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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