Keller Williams Realty is there for consumers needing to execute a short sale Westlake Village, California

Time to short sell your home?

What is a short sale? A short sale happens when the amount of the outstanding loans are greater than the amount for which the home could sell. This could be caused by many reasons, but frequently is a result of a rapidly declining housing market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to forgive the difference.

How do I proceed with a short sale?

First, figure out the true market value of your home. If your finances are already pushed to the limit, hiring a licensed appraiser may not be feasible. Therefore, an experienced local real estate professional that knows the current conditions of the Westlake Village real estate market is a smart way to get a realistic idea of your home's value.


	When you're ready to get started, contact me through my site or e-mail me. I'm happy to address any questions you have regarding real estate short sales.

Next, calculate your closing costs. The experienced REALTORS^® at Keller Williams Realty will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, get in touch with your lender and notify them of your situation. They may even have a dedicated team that deals with short sales. Ask about their specific procedures. Some lenders will be more inclined to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to give approval for the final sale.

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