Floridian Coastline Group is there for sellers needing to do a short sale Fort Lauderdale, Florida

Time to short sell your home?

Not sure what a short sale is? A short sale is when you owe more than what the house will possibly sell for. This situation is typically caused by prices in an area rapidly declining.

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


What steps do I take in a short sale?

First, determine the true market value of your house. A good REALTOR®, like those at Floridian Coastline Group, will be able to give you a reasonable idea of what your house would likely sell for based on a market analysis. Watch out for 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.

When you're ready to get started, contact me through my site or e-mail me. I'm happy to answer any questions you have about real estate short sales.

Next, determine your closing costs. The experienced agents at Floridian Coastline Group will take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, call your lender and notify them of your situation. They may even have a particular department that manages short sales. Ask about their exact steps. Some lenders will be more able to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to approve the final sale.


Floridian Coastline Group 2450 E Commercial Boulevard Suite 203 Fort Lauderdale, FL 33308
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