Realty ONE Group is there for consumers needing to execute a short sale Las Vegas, Nevada

Do you need 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. This could be attributed to many factors, but most often is a result of a rapidly declining real estate market.

For many homeowners, a short sale is an ideal way to avert foreclosure or bankruptcy when they can negotiate with the lender to forgive the difference.

What steps do I take in a short sale?

First, figure out the true market value of your house. For those whose finances are already stretched, hiring a licensed appraiser may not be an option. Therefore, an experienced local real estate professional that knows the current conditions of the Las Vegas real estate market is the best way to get a realistic idea of what your home could sell for.


	Need an honest idea of what your home today's market? Contact us today to find out how Realty ONE Group can help.

Next, calculate your closing costs. The knowledgeable real estate agents at Realty ONE Group will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, call your lender and tell them of the situation. They may even have a specific department that manages short sales. Ask about their exact steps. Some lenders will be more willing to work with you than others. They may be able to reduce the amount owed or make other arrangements. Your lender will have to agree to the final sale.