Short Sales Sell For A Higher Price Than A Foreclosure
People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt. But, they agree to do it because they know that policy nets them more money.
They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let's go thru a few examples.
Email philli@txhomerealty.com to discover how other sellers successfully did a short sale and avoided foreclosure.
Most short sales are being sold while the homeowner lives in the home. So the house still tends to be in good shape.
The homeowners are able to keep the house up. They keep the inside clean and neat. In addition, they mow the lawn and keep up on the yard.
This makes a big difference in the sales price. Would you rather buy a home that is in great condition or one that needs work?
Now foreclosure homes are normally abandoned and empty. There is no one there to take care of the property, or keep up the yard everyday.
The inside of the home is probably dirty. Vagrants can break into the home. The home is also an easy target for vandalism.
The bottom line is that most short sales are in better shape than a foreclosed home. In fact, they are usually in much better shape.
That is why they sell for more money, thereby cutting the lender's losses.
Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at phillis@txhomerealty.com I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (469) 523-1402.
Discover how other sellers successfully completed a short sale Mansfield, Midlothian, Waxahachie, Ennis and request a free consultation by emailing beth@txhomerealty.com.
Thinking about a loan modification? Our Dallas loan modification kit has the instructions you will need to get a loan modification approved with your bank. Email phillis@txhomerealty.com to request a copy.
Thanks for reading this, Phillis Nealy.
Phillis is a Real Estate Agent at The Texas Group.
Phone: (214) 650-5536.
A Realty company with Service as Big as Texas
View My homes for sale at www.southwestdallashomes.com.
Important Notice
Phillis Nealy and The Texas Group Realtors are not affiliated in any way, shape, or form with the government.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
People often wonder why their lender will release their debt in a short sale. Most lenders don't like to release the debt. But, they agree to do it because they know that policy nets them more money.
They net more because a home usually sells for more money as a short sale versus after it has been foreclosed upon. Let's go thru a few examples.
Email philli@txhomerealty.com to discover how other sellers successfully did a short sale and avoided foreclosure.
Most short sales are being sold while the homeowner lives in the home. So the house still tends to be in good shape.
The homeowners are able to keep the house up. They keep the inside clean and neat. In addition, they mow the lawn and keep up on the yard.
This makes a big difference in the sales price. Would you rather buy a home that is in great condition or one that needs work?
Now foreclosure homes are normally abandoned and empty. There is no one there to take care of the property, or keep up the yard everyday.
The inside of the home is probably dirty. Vagrants can break into the home. The home is also an easy target for vandalism.
The bottom line is that most short sales are in better shape than a foreclosed home. In fact, they are usually in much better shape.
That is why they sell for more money, thereby cutting the lender's losses.
Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at phillis@txhomerealty.com I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (469) 523-1402.
Discover how other sellers successfully completed a short sale Mansfield, Midlothian, Waxahachie, Ennis and request a free consultation by emailing beth@txhomerealty.com.
Thinking about a loan modification? Our Dallas loan modification kit has the instructions you will need to get a loan modification approved with your bank. Email phillis@txhomerealty.com to request a copy.
Thanks for reading this, Phillis Nealy.
Phillis is a Real Estate Agent at The Texas Group.
Phone: (214) 650-5536.
A Realty company with Service as Big as Texas
View My homes for sale at www.southwestdallashomes.com.
Important Notice
Phillis Nealy and The Texas Group Realtors are not affiliated in any way, shape, or form with the government.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
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