Short Sales

Should I short sale my home?
Ask yourself these questions.
Can you afford to keep your home?
Is the change in your financial situation a matter of only weeks, months or longer? You may be able to postpone or make partial payments for a few months by contacting your lender. If you have become permanently unemployed, disabled or are facing other long term economic hardship, it is best to address reality sooner rather than later. You will have more choices by addressing the problem early rather than waiting.

Do you want to keep your home?
Employment changes, marital status, health problems, and other life events often turn a desirable home into a nagging problem. Be sure to evaluate your current situation and home to determine if the property is still best for you and your family.

Can you afford your other financial commitments?
Short sales can be a great choice for those looking to avoid bankruptcy or planning to restructure current debt.

Are you unable to refinance or obtain a loan modification?
As a result of sharply declining property values, many homeowners may be unable to qualify for a loan modification or refinance their existing mortgage. There are programs available for refinancing and modification, and these programs have different requirements for home values and income. Contact your lender for details. Keep in mind that when your monthly payment amount is adjusted, you will still be required to make payments on time.

Do you owe more on the home than it is worth?
Today’s declining real estate values coupled with adjustable interest rate loans have created a situation where many homeowners owe more than the fair market value of their home. Determine what is important to you. Will you be able to pay down a high mortgage while saving for retirement, your children’s education, unexpected emergencies, and other household expenses?

Do you want to avoid repairing your home in order to sell?
Nothing is worse than spending money in order to sell a property just to lose money. Fort Lauderdale Bay Short Sales routinely purchases properties in “as is” condition saving you the hassle and financial burden required to sell your home with the traditional approach.

Do you need to sell relatively quickly?
Because of the current recession, there is an abundance of inventory for buyers to choose from. If you need to sell, you must set the price competitively and move quickly to position your home to sell rapidly. Although a short sale doesn’t happen overnight they usually sell much faster than a regular MLS listing in today’s current market.
Why choose Fort Lauderdale Bay Short Sales?
Fort Lauderdale Short Sales is the BEST choice for selling your home in today's complicated real estate market. Why choose Fort Lauderdale Short Sales?