Weichert Realtors® is there for sellers needing to do a short sale Jersey City, New Jersey

Are you ready to short sell your home?

Not sure what a short sale is? A short sale occurs when you owe more than what the house will possibly sell for. This could be due to many reasons, but most often is a result of a rapidly declining real estate market.

Short sales could be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling.


How do I proceed with 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, a knowledgeable local real estate agent that knows the current conditions of the Jersey City real estate market is a smart way to get an accurate estimate of what your home could sell for.

Jersey City homeowners who are upside down on their home loan and need relief fast should turn to the expertise of Weichert Realtors® to guide them through the short sale process. Contact us today for a free consultation.

Next, estimate your closing costs. The knowledgeable real estate professionals at Weichert Realtors® will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, get in touch with your lender and let them know of the situation. They may even have a particular department that manages short sales. Ask about their exact steps. Some lenders will be more willing 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.

 

    
   


Weichert Realtors® 273 Grove St Jersey City, NJ 07302
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