Thursday, September 02, 2010

Think about it

Before you consider selling your home in a short sale here is a couple of pieces of advice.

Talk to an accountant and a lawyer.

Realtors are not lawyers and we are not accountants. We sell real estate.

There are potential legal and tax consquences to this decision. One size does not fit all.

Remember this can be a complicated process.

Once a short sale home is up for sale and a buyer is found often the agent is negotiating with the buyer's agent and then negotiating with the lender and the seller.

Lender's may ask the seller to sign a promissory note, they ask for cash and the whole process can be long and frustrating.

On the up side a short sale is often much better for the seller than a foreclosure and the buyer is probably getting a pretty good deal on a home.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com

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