Madcity Property @ Keller Williams Realty is there for homeowners needing to do a short sale Madison, Wisconsin

Ready to short sell your home?

Don't know what a short sale is? A short sale is when the value of a home is less than the amount of the outstanding loans. This can be attributed to many reasons, but frequently is a result of a rapidly declining housing market.

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

How do I proceed with a short sale?

First, assess the true market value of your home. Since paying for a licensed appraiser may not fit your already tight budget, an experienced local REALTOR^® that knows the current conditions of the Madison real estate market is the best way to get a reliable opinion of what your home could sell for.


	When it's time to sell your home, Madcity Property @ Keller Williams Realty will help. Take advantage of our experience and knowledge of the local real estate market in Madison to sell your home quickly. Contact us today.

Next, estimate your closing costs. The qualified REALTORS^® at Madcity Property @ Keller Williams Realty will consider fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs at the closing table.

Finally, contact your lender and let them know of your situation. They may even have a dedicated department that oversees short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to reduce your loan principal or make other arrangements. Your lender will have to approve the final sale.

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