Century21 Comstock Earnest is there for sellers needing to execute a short sale Waldorf, Maryland

Need to short sell your home?

What is a short sale? A short sale happens when you owe more than what the house will possibly sell for. This can be caused by many causes, but often is a result of a rapidly declining housing market.

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

How do I proceed with a short sale?

First, assess the true market value of your property. Since paying for a licensed appraiser may not work with your already tight budget, a qualified local real estate professional that knows the current conditions of the Waldorf real estate market is a sound way to get a realistic opinion of your home's value.


	Should you have concerns pertaining to real estate or the process of going through a short sale in Waldorf, Maryland you can contact me here or e-mail me.

Next, find out your closing costs. The experienced REALTORS^® at Century21 Comstock Earnest will take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, contact your lender and notify them of the situation. They may even have a special team that handles short sales. Ask about their exact procedures. 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.

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