Jody Hurst & Associates Realty is there for consumers needing to execute a short sale Selah, Washington

Time to short sell your home?

What is a short sale? A short sale happens when the value of a home is less than the amount of the outstanding loans. This situation is usually the result of prices in an area rapidly declining.

Short sales could be a way for homeowners to prevent foreclosure and get out from under their loan with the lender by settling.

The process of a short sale:

First, figure out the true market value of your house. A qualified real estate professional, like those at Jody Hurst & Associates Realty, will be able to give you a good idea of what your home will probably sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your house'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 Selah, Contact Jody Hurst & Associates Realty today for a company with the experience and knowledge to get you to the closing table quickly.

Next, determine your closing costs. The qualified agents at Jody Hurst & Associates Realty 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, get in touch with your lender and let them know of the situation. They may even have a dedicated department that oversees short sales. Ask about their particular procedures. Some lenders will be more able to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to approve the final sale.