Central Maine Homes LLC, Coldwell Banker Plourde Real Estate is there for homeowners needing to do a short sale Waterville, Maine

Is it time to short sell your home?

Don't know 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 due to many factors, but most often is a result of a rapidly declining housing market.

Short sales could be a way for homeowners to prevent foreclosure and pay off their loan with the lender by settling.

How to do a short sale:

First, find out the true market value of your property. A knowledgeable real estate professional will be able to give you a good idea of what your property will likely sell for based on prior sales of similar houses in the neighborhood. Beware of 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.


	When it's time to sell your house, Rachel Anderson will help. Use my experience and knowledge of the local real estate market in Greater Waterville to sell your home quickly. Contact us today.

Next, calculate your closing costs. I will take into account fees including 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 exact process. Some lenders will be more willing to work with you than others. They may be able to decrease how much you owe or make other arrangements. Your lender will have to give approval for the final sale.

Rachel Anderson, Realtor Brokered by Coldwell Banker Plourde Real Estate 143 Silver Street, Suite 4 Waterville, ME 04901

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