eTexas Realty is there for consumers needing to execute a short sale Austin, Texas

Ready 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 could be attributed to many factors, but commonly is a result of a rapidly declining real estate market.

Short sales could be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.

What's involved in a short sale?

First, find out the true market value of your house. A qualified REALTOR^®, like those at eTexas Realty, will be able to give you a good idea of what your home will likely sell for based on a market analysis. Be cautious 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.


	If you have questions pertaining to real estate or the process of going through a short sale in Austin, Texas you can contact me here or e-mail me.

Next, estimate your closing costs. The experienced real estate professionals at eTexas Realty will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, contact your lender and tell them of your situation. They may even have a specific department that handles short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give consent for the final sale.