Fitch Properties is there for homeowners needing to do a short sale Sacramento, California

Is it time to short sell your home?

Don't know what a short sale is? A short sale happens when you owe more than what the house will possibly fetch in the open market. This situation is often the result of home prices in a market rapidly declining.

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


How do I proceed with a short sale?

First, find out the true market value of your property. A qualified REALTOR®, like those at Fitch Properties, will be able to give you a good idea of what your house would likely sell for based on prior sales of similar houses in the neighborhood. 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.

If you have any concerns regarding real estate or what happens during a short sale in Sacramento, California simply contact me here or e-mail me.

Next, calculate your closing costs. The qualified real estate agents at Fitch Properties will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, call your lender and tell them of the situation. They may even have a special department that oversees short sales. Ask about their exact process. Some lenders will be more inclined 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 approve the final sale.


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