Southern California Home InfoHow Do I Sell an Upside Down House?Selling an upside down house is known as a short sale and currently in Southern California they make up 20 - 45 percent of the homes on the market. Short sale properties are very common, however short sales do take time and patience on the part of all parties. They require a fair amount of negotiation skill on the part of the listing agent. Not all short sales sell or are approved by the lender(s). Sometimes there are other reasons you are allowed to short sell your home such as a job transfer out of the area. If you don't qualify for a short sale, perhaps you should consider remaining in the home until the values come back around again. You can consider renting the property as well. When a Real Estate Broker Realtor Lists you home for sale, they do not get paid until the closing of the home, out of the proceeds of the home. This means for the most part, no out of pocket costs. If your home is upside down, owe more than it is worth, I suggest you go to the upside down page and review your options with a Real Estate Attorney and a CPA. There may be future implications and knowing your options is a great start. As a California Licensed Real Estate Broker, I can get your home sold as a "short sale" and in part, ask the lender to accept less than what is owed on the loan. Please feel free to contact me with no obligation if you have questions, so I can help you. 951 821 8211 9am - 6pm 7 days
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SO CAL HOMES REALTY
(951) 821-8211 Harold Sharpe is the owner of Harold Sharpe is a
Licensed Harold Sharpe is a Harold Sharpe specializes in Selling Houses, and Finding homes for people. So Cal Homes Realty is the Real Estate Brokerage to assist you in Buying or Selling a House. Feel Free to call Harold at (951) 821-8211 Monday - Sunday 9am - 7pm |
