Knight Team at Keller Williams Realty is there for sellers needing to do a short sale Bakersfield, California

Are you ready to short sell your home?

What is a short sale? A short sale occurs when the value of a home is less than what is owned. This situation is often caused by home prices in an area rapidly deflating.

For many homeowners, a short sale is an ideal way to avoid foreclosure or bankruptcy when they can get the lender to write off the difference.

How do I proceed with a short sale?

First, figure out the true market value of your home. An experienced real estate professional, like those at The Knight Team at Keller Williams Realty, will be able to give you a realistic idea of what your property should probably sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	Should you have any questions about real estate or the process of going through a short sale in Bakersfield, California you can contact me here or e-mail me.

Next, don't forget about your closing costs. The experienced real estate professionals at The Knight Team at Keller Williams Realty will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, contact your lender and notify them of your situation. They may even have a special team that handles short sales. Ask about their exact procedures. Some lenders will be more able to work with you than others. They may be able to lessen the amount owed or make other arrangements. Your lender will have to give consent for the final sale.

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