RealtyOne Group is there for homeowners needing to do a short sale Las Vegas, Nevada

Do you need to short sell your home?

What is a short sale? A short sale occurs when the amount of the outstanding loans are greater than the amount for which the home could sell. This may be caused by many reasons, but often is a result of a rapidly declining housing market.

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


What's involved in a short sale?

First, assess the true market value of your home. If your finances are already strained, paying a licensed appraiser may not be feasible. Therefore, an experienced local real estate professional that knows the current conditions of the Las Vegas real estate market is a smart way to get a reliable opinion of your home's value.

When it's time to sell your property, RealtyOne Group will help. Take advantage of our experience and knowledge of the local real estate market in Las Vegas to sell your home quickly. Contact us today.

Next, calculate your closing costs. The knowledgeable agents at RealtyOne Group will take into account fees including 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 specific department that handles short sales. Ask about their specific process. Some lenders will be more inclined to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to agree to the final sale.


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