Stephens and Associates is there for consumers needing to execute a short sale Sebastopol, California

Is it time to short sell your home?

Not sure what a short sale is? A short sale occurs when the amount of the outstanding loans are greater than the amount for which the home could sell. This can be caused by many factors, but most often is a result of a rapidly declining housing market.

Short sales may be a way for homeowners to avert foreclosure and get out from under their loan with the lender by settling.

How do I proceed with a short sale?

First, find out the true market value of your home. If your finances are already strained, engaging a licensed appraiser may not be an option. Therefore, a knowledgeable local REALTOR^® that knows the current conditions of the Sonoma County real estate market is the best way to get a realistic idea of your home's value.


	When the time comes to sell your house, Carrie Stine of Stephens and Associates is ready. Use our expertise and knowledge of the local real estate market in Sonoma County to sell your home quickly. Contact us today.

Next, determine your closing costs. The experienced real estate professionals at Stephens and Associates will consider fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, call your lender and notify them of your situation. They may even have a dedicated department that manages short sales. Ask about their particular process. Some lenders will be more willing to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to give consent for the final sale.

* MOL = More or Less