Incentive Realty is there for sellers needing to do a short sale Maple Grove, Minnesota

Ready to short sell your home?

What is a short sale? A short sale is when you owe more than what the house will possibly fetch in the open market. This can be due to many causes, but most commonly is a result of a rapidly declining housing market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can get the lender to write off the remainder of the loan.

How do I proceed with a short sale?

First, assess the true market value of your house. A qualified REALTOR^®, like those at Incentive Realty, will be able to give you a realistic idea of what your home will likely sell for based on a market analysis. Be cautious of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	If you have questions about real estate or what happens during a short sale in Maple Grove, Minnesota just contact me here or e-mail me.

Next, determine your closing costs. The knowledgeable real estate agents at Incentive Realty will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs upon closing.

Finally, call your lender and make them aware of the situation. They may even have a dedicated department that handles short sales. Ask about their specific process. Some lenders will be more willing to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to agree to the final sale.