The DiPinto Team is there for homeowners needing to execute a short sale Marlton, New Jersey

Time to short sell your home?

Not sure what a short sale is? A short sale happens when you owe more than what the house is worth. This situation is typically caused by values in an area rapidly deflating.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to write off the difference.

The process of a short sale:

First, figure out the true market value of your home. A knowledgeable REALTOR^®, like those at The DiPinto Team, will be able to give you a reasonable idea of what your property should likely sell for based on a market analysis. Watch out for websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	Need an honest idea of what your home is worth in today's market? Contact us today to find out how The DiPinto Team can help.

Next, determine your closing costs. The experienced real estate agents at The DiPinto Team will account for fees such as title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, call your lender and let them know of your situation. They may even have a dedicated team that handles short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to give approval for the final sale.