Prudential St. George Realty / Ron Slane is there for consumers needing to do a short sale St. George, Utah

Time to short sell your home?

What is a short sale? A short sale occurs when the value of a home is less than the amount of the outstanding loans. Short sales are usually the result of home values in a market rapidly deflating.

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


The process of a short sale:

First, determine the true market value of your property. A knowledgeable REALTOR®, like those at Prudential St. George Realty / Ron Slane, will be able to give you a reasonable idea of what your property should likely sell for based on prior sales of similar houses in the neighborhood. Be careful of 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.

When you're ready to sell your home, Prudential St. George Realty / Ron Slane is ready. Use our experience and knowledge of the local real estate market in St. George to sell your home quickly. Contact us today.

Next, calculate your closing costs. The qualified real estate agents at Prudential St. George Realty / Ron Slane will account for fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at closing.

Finally, contact your lender and tell them of the situation. They may even have a special department that manages short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to decrease your loan principal or make other arrangements. Your lender will have to give consent for the final sale.

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