HUNTLEY REALTY is there for homeowners needing to execute a short sale Huntley, Illinois

Do you need to short sell your home?

Not sure what a short sale is? A short sale occurs when the amount of the outstanding loans are greater than the value of the home. Short sales are usually caused by prices in a market rapidly declining.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can get the lender to forgive the remainder of the loan.

How do I proceed with a short sale?

First, assess the true market value of your house. An experienced real estate professional, like those at HUNTLEY REALTY, will be able to give you a good idea of what your house will likely sell for based on a market analysis. Watch out for websites where a computer estimates your home's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	If you have any questions regarding real estate or the process of going through a short sale in Huntley, Illinois simply contact me here or e-mail me.

Next, determine your closing costs. The qualified real estate agents at HUNTLEY REALTY will take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, get in touch with your lender and make them aware of the situation. They may even have a particular department that handles short sales. Ask about their specific steps. Some lenders will be more inclined 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 approval for the final sale.

HUNTLEY REALTY 13320 Village Green Drive Huntley, IL 60142

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