Are Short Sales a Good Idea? Elk Grove Short Sale Agent – Allan Sanchez

Are Short Sales a Good Idea? Elk Grove Short Sale Agent – Allan Sanchez

Wondering if selling your home as a short sale is a good idea?  If you owe more on your home than it’s worth and can no longer afford the payments, or if you simply need to move, short sales are most likely a good idea.

Short Sales Are a Good Option Because:

1. They minimize credit damage.

2. They allow you to buy another home sooner than a foreclosure.

3.  Most of the time they cost nothing for the seller (banks pay all selling fees and agent commissions).

4. Recent industry improvements make short sales much quicker and much more successful than the used to be. 

4.  They save you from the embarrassment of a foreclosure.

When a Short Sale May NOT be a Good Idea:

1.  When you have other liquid assets valued at over $500,000, it will be difficult to short sale and avoid significant taxes.  Of course every situation is different and you should consult your accountant if in this position. 

When considering a short sale in Elk Grove, consult with an experienced short sale agent who has the knowledge and negotiating skills to make sure you avoid bank recourse.

Find out if you qualify for an Elk Grove short sale

Are Short Sales a Good Idea? Elk Grove Short Sale Agent – Allan Sanchez

Posted by Elk Grove Real Estate Agent Allan Sanchez www.AllansHomes.com