The local real estate market in New Port Richey
and Trinity Florida is very active with home buyers and if you have been hanging on to your home and struggling with any financial burden or hardship, you may be able to short sale your home and move on with your life. A short sale happens when a homeowner sells their home "short" of what they owe on the bank note. There is a bit more paperwork involved in selling your home as a short sale but with the right real estate professional you can breath easy and have the guidance you need throughout the entire process.
How does a short sale work? You start by contacting a Realtor(R) in New Port Richey who has experience with short sales. You will need to explain in writing the hardship that is requiring you to ask for the short sale from the bank. Very often the sellers hardship is loss of employment or a major medical issue but it can be a military or employment relocation, divorce etc.... The sale of your home will be contingent on third party authorization of the contract price. The bank that holds the note on the home is the third party that decides whether or not to approve the sale. To be perfectly honest, you can agree to an offer on your home and go to contract and the bank may deny the short sale either based on the sales price or your individual situation.
Experienced real estate agents who assist
homeowners in short sales have professional short sale negotiators who handle almost all of the communication with the bank. Florida Luxury Realty has procedures in place to assist in your short sale. Your Realtor(R) will ask you to sign a third party authorization form which allows the negotiator to speak to your bank regarding your short sale. I advise anyone thinking about selling a home as a short sale to contact your attorney and/or your tax professional regarding the repercussions of selling your home as a short sale and what steps you need to take after the sale of your home.
If you or someone you know is thinking about selling a home as a short sale in Trinity, New Port Richey or Port Richey Florida, you can contact me online and request a short sale consultation either by phone or in person.
Experienced real estate agents who assist
homeowners in short sales have professional short sale negotiators who handle almost all of the communication with the bank. Florida Luxury Realty has procedures in place to assist in your short sale. Your Realtor(R) will ask you to sign a third party authorization form which allows the negotiator to speak to your bank regarding your short sale. I advise anyone thinking about selling a home as a short sale to contact your attorney and/or your tax professional regarding the repercussions of selling your home as a short sale and what steps you need to take after the sale of your home.
If you or someone you know is thinking about selling a home as a short sale in Trinity, New Port Richey or Port Richey Florida, you can contact me online and request a short sale consultation either by phone or in person.
written by Mike Gallo
all images are ownership of mike gallo
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