Realtors 100% Commission
Toggle Navigation
Menu
Tell a Friend
Buying Foreclosures/REO's
9 Steps to Owning
Closing Costs
Applying for a Loan
Loan App Checklist
First Time Buyers
Home Buyer Checklist
Mortgage Calculators
Mortgage Saving Tips
Mortgage Shopping
Your Buying Power
Short Sale Buyer
Get Pre-qualified
Your FICO score
Contingencies in Contracts
Home Appreciation
Free Home Valuation
How Escrow Works
Inspection Tips
Selling Your Home
Listing Commissions
Why Choose Me!
Results for You!
Setting the Sales Price
Short Sale Seller
Staging Checklist
How to Sell Your Home
Staging Your House
Seller Paid Closing
Miami Sellers
Home Price Index
Reasons Homes Don't Sell
Selling your own home
Creative Financing
Daily Rate Lock Advisory
Documenting Assets
Gated Communities
Homeowner Warranties
Lease Analysis
Lender Types
Loan Programs
Should you paint?
Site Selection Services
Staying Approved
Tax Closing Costs
Tenant Representation
Tenant Space Construction
The Listing Contract
The Back Yard
The Kitchen
Types of Listing Contracts
Why an inspection?
What's Earnest Money?
Writing the Offer
Title Information
Why Title Insurance?
Your Down Payment
Balloon Mortgage Calc
15 vs 30 Year Mtg Calc
Fixed Rate Mtg Calc
Mortgage Payoff Calc
Rent vs Buy Calc
Interest Only Calc
Request Industry Info
Search the MLS
Featured Properties
Blog
Need to short sell your home?
Don't know what a short sale is? A short sale happens when you owe more than what the house will possibly sell for. This can be attributed to many causes, but frequently 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 get the lender to forgive the remainder of the loan.
What's involved in a short sale?
First, find out the true market value of your property. For those whose finances are already stretched, engaging a licensed appraiser may not be an option. Therefore, an experienced local real estate professional that knows the current conditions of the Miami real estate market is a sound way to get a realistic estimate 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 happy to answer questions you have about real estate short sales.
Next, find out your closing costs. The qualified real estate agents at Barreiro's Realty Services, inc. will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.
Finally, get in touch with your lender and tell them of your situation. They may even have a specific department 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 decrease the amount owed or make other arrangements. Your lender will have to agree to the final sale.
Connect With Me