Tom Bertog is there for homeowners needing to do a short sale Laguna Niguel, California

Ready to short sell your home?

What is a short sale? A short sale happens when the value of a home is less than what is owned. Short sales are typically the result of values in a market rapidly declining.

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

What steps do I take in a short sale?

First, get an idea of the true market value of your home. Since hiring a licensed appraiser may not fit your already tight budget, an experienced local REALTOR® that knows the current conditions of the Laguna Niguel real estate market is a smart way to get a reliable estimate of what your home could sell for.

Laguna Niguel homeowners who are upside down on their mortgage and need results fast should turn to the expertise of Tom Bertog to guide them through the short sale process. Contact me today for a free consultation.

Next, calculate your closing costs. My work in this area has taught me to take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at the closing table.

Finally, contact your lender and tell them of your situation. They may even have a particular team that manages short sales. Ask about their specific 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 approve the final sale.