Issac W. Harper Real Estate Broker/RealtorĀ© is there for homeowners needing to do a short sale Austin, Texas

Ready to short sell your home?

Don't know what a short sale is? A short sale is when you owe more than what the house will possibly fetch in the open market . This could be caused by many causes, but often is a result of a rapidly declining real estate market.

For many homeowners, a short sale is an ideal way to preclude foreclosure or bankruptcy when they can get the lender to forgive the remainder of the loan.

How to do a short sale...

First, get an idea of the true market value of your home. Since paying for a licensed appraiser may not fit your already tight budget, a qualified local REALTOR® that knows the current conditions of the Austin real estate market is a smart way to get an accurate idea of what your home could sell for.

If you have any questions about real estate or what happens during a short sale in Austin, Texas just contact me here or e-mail me.

Next, determine your closing costs. My work in this area has taught me to take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, get in touch with your lender and notify them of the situation. They may even have a dedicated department that handles short sales. Ask about their exact steps. Some lenders will be more inclined to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to approve the final sale.


Issac W. Harper Real Estate Broker/RealtorĀ©

P.O. Box 143683
Austin, TX 78714-3683