Short sell your home and avoid foreclosure 575 461-2100

McElroy & Associates is there for consumers needing to do a short sale Tucumcari, New Mexico

Time 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 could be attributed to many factors, but most often is a result of a rapidly declining housing market.

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

What steps do I take in a short sale?

First, assess the true market value of your house. If your finances are already pushed to the limit, paying a licensed appraiser may not be an option. Therefore, a knowledgeable local real estate agent that knows the current conditions of the Tucumcari real estate market is the best way to get a reliable opinion of your home's value.

If you have questions pertaining to real estate or the process of going through a short sale in Tucumcari, New Mexico simply contact me here or e-mail me.

Next, be sure to figure in your closing costs. My experience has taught me to take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, contact your lender and make them aware of your situation. They may even have a special department that manages short sales. Ask about their particular process. Some lenders will be more able to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to agree to the final sale.

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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