The Real Estate CookBook is there for homeowners needing to do a short sale Mentor, Ohio

Do you need to short sell your home?

What is a short sale? A short sale occurs when you owe more than what the house is worth. This can be due to many reasons, but frequently is a result of a rapidly declining real estate market.

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

What steps do I take in a short sale?

First, determine the true market value of your home. Since paying for a licensed appraiser may not work with your already tight budget, a knowledgeable local real estate professional that knows the current conditions of the Mentor real estate market is the best way to get a reliable opinion of your home's worth.


	Mentor homeowners who are upside down on their mortgage and need relief fast can rely on the expertise of The Real Estate CookBook to guide them through the short sale process. Contact us today for a free consultation.

Next, be sure to figure in your closing costs. The experienced real estate professionals at The Real Estate CookBook will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

Finally, contact your lender and let them know of your situation. They may even have a special department that handles short sales. Ask about their specific process. Some lenders will be more inclined to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to give approval for the final sale.