Lori Marlow, ABR-Exit Home Team Realty is there for consumers needing to execute a short sale Statesville, North Carolina

Time to short sell your home?

What is a short sale? A short sale happens when you owe more than what the house is worth. Short sales are typically caused by home prices in a market rapidly declining.

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

How to do a short sale:

First, figure out the true market value of your home. If your finances are already pushed to the limit, paying a licensed appraiser may not be feasible. Therefore, an experienced local real estate agent that knows the current conditions of the Statesville real estate market is a smart way to get a reliable opinion of your home's value.


	Statesville homeowners who are upside down on their mortgage and need results fast should turn to the expertise of Lori Marlow, ABR-Exit Home Team Realty to guide them through the short sale process. Contact us today for a free consultation.

Next, estimate your closing costs. The knowledgeable REALTORS^® at Lori Marlow, ABR-Exit Home Team Realty will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

Finally, contact your lender and notify them of the situation. They may even have a particular department that deals with short sales. Ask about their specific steps. Some lenders will be more able to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to give approval for the final sale.

Lori Marlow, ABR-Exit Home Team Realty 215B W Broad St. Statesville, NC 28677-5259

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