Karen Abrams, Keller Williams Realty is there for sellers needing to execute a short sale Charleston, South Carolina

Do you need to short sell your home?

What is a short sale? A short sale occurs when you owe more than what the house will possibly fetch in the open market. This situation is typically caused by home prices in a market rapidly declining.

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

What steps do I take in a short sale?

First, figure out the true market value of your property. An experienced real estate professional, like those at Karen Abrams, Keller Williams Realty, will be able to give you a good idea of what your property would probably sell for based on prior sales of similar houses in the area. Be cautious 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.


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

Next, be sure to figure in your closing costs. The knowledgeable real estate agents at Karen Abrams, Keller Williams Realty will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, contact your lender and let them know of your situation. They may even have a specific team that handles short sales. Ask about their specific procedures. 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 give approval for the final sale.

Karen Abrams, Keller Williams Realty 496 Bramson Ct Unit 200 Charleston, SC 29464-7961

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