ERA All Texas Realty is there for homeowners needing to execute a short sale San Marcos, Texas

Need to short sell your home?

What is a short sale? A short sale happens when the amount of the outstanding loans are greater than the value of the home. This may be attributed to many causes, but most often is a result of a rapidly declining housing market.

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

What steps do I take in a short sale?

First, determine the true market value of your home. A qualified REALTOR^®, like those at ERA All Texas Realty, will be able to give you a good idea of what your home will probably sell for based on a market analysis. Watch out for websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	San Marcos homeowners who are upside down on their home loan and need relief fast should turn to the expertise of ERA All Texas Realty to guide them through the short sale process. Contact us today for a free consultation.

Next, find out your closing costs. The qualified agents at ERA All Texas Realty will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, get in touch with your lender and notify them of the situation. They may even have a particular team that oversees short sales. Ask about their specific process. Some lenders will be more inclined 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 agree to the final sale.