DON'T WAIT UNTIL IT'S TOO LATE
Well, short sales are becoming a part of everyday real estate vocabulary. I want sellers to know that it is important to address home sale options in advance and not wait until it's too late. There are steps that you can take to avoid foreclosure. One of the possibilities includes a short sale. It's actually a fairly simple process and it can really save your credit!
Reasons banks consider short sales and prefer instead of foreclosures:
- New homes selling quicker than resale homes
- High cost of foreclosure
- Too many homes in current inventory
- Depreciated value in neighborhood
- Property is in poor condition
A short sale may be considered when relocating for a job, a divorce, a change in health and for many other reasons.
For more information about Short Sales and the real estate sale process, contact Kevin Kling.