Century 21 GOODYEAR GREEN is there for homeowners needing to do a short sale Midwest City, Oklahoma

Ready to short sell your home?

What is a short sale? A short sale is when the value of a home is less than what is owned. This situation is often caused by prices in an area rapidly declining.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to forgive the difference.

How do I proceed with a short sale?

First, find out the true market value of your home. An experienced REALTOR^®, like those at Century 21 GOODYEAR GREEN, will be able to give you a reasonable idea of what your home will probably sell for based on prior sales of similar houses in the neighborhood. Beware of websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	To get top dollar for your distressed real estate in Midwest City, Contact Century 21 GOODYEAR GREEN today for a company with the experience and knowledge to get you to the closing table quickly.

Next, don't forget about your closing costs. The experienced agents at Century 21 GOODYEAR GREEN will 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, call your lender and let them know of the situation. They may even have a dedicated 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 decrease the amount owed or make other arrangements. Your lender will have to agree to the final sale.

Looking to make a deal on a short sale?

A short sale is when the seller's lender consents to receive a reduced sum to release a mortgage. If you have questions about real estate in Midwest City, Oklahoma, contact me here or e-mail me.

Purchasing a short sale in Midwest City, Oklahoma on your own is risky. Contact Century 21 GOODYEAR GREEN for expert advice.

Can I get a good deal on a short sale?

From time to time, yes. Often times people hear the words "short sale" and routinely think of a seller that is insolvent and needing to sell their home promptly to avert further financial problems. This is at times the case and can be an opportunity for a buyer to cash in on another's misfortune. More commonly, a lender may consider a short sale even if the seller is current, but property values have declined. In these instances the discounted price may in fact be closer to actual market values instead of below.

How do I buy a short sale?

Prior to making any purchase offers, do your research. Using an experienced REALTOR^® from Century 21 GOODYEAR GREEN to support your research of a property will help you make educated decisions. We can help reveal to whom the property is titled, how much is owed to the lender, and whether or not a foreclosure notice has been filed. Finding this data can help you decide how much to offer.
Use an agent with short sale expertise. The real estate agents at Century 21 GOODYEAR GREEN can assist you in expediting the transaction and make certain you're protected. Don't permit inexperience to hold up the closing process. Let our experience and knowledge work for you.
Even with an experienced real estate agent and under the best circumstances, buying a short sale property will usually take longer than a typical real estate transaction. Know that most short sales will not close in 30 days or less. Remember that you're not only having to get approval from the seller, but the lender must also agree to the sale terms. A lot of the time your offer will go before a committee for approval which will add time - sometimes even 2 to 3 months.
Home protection plans, buyer credits and allowances, and closing cost concessions are generally not up for negotiation when buying a short sale. The lender is selling the property just the way it is which means the lender isn't going to pay for repairs. Make sure to reserve the right to perform inspections for pests, HVAC, electrical, and other critical areas. At Century 21 GOODYEAR GREEN, when we write an offer, we are looking out for your interests first and will always recommend that you make your offer contingent upon the inspection results.

When you're ready to buy, whether it be a short sale or a typical home sale, Century 21 GOODYEAR GREEN is here to help. Utilize our experience and knowledge of real estate to be confident you are getting a fair deal and will be protected during the full deal.