A short sale occurs when a homeowner owes more on their loan than a property is worth. In this situation, a short sale real estate agent will talk to the lender to try to get them to accept a lesser amount to close the property.
In many cases, banks agree to short sales to avoid the process of foreclosure. These sales can also help banks retain properties without ending up with deferred maintenance. Check out this video to learn more about short sales.
If you are in a tricky financial situation, it might be time to short sell your home. Find a real estate agent serving Atlanta so you can figure out the best way to sell your property and start improving your finances.
Deciding Whether a Short Sale is Right for You
Short selling a property helps you get rid of it quickly so you can avoid further mortgage payments and move on to the next phase of your life. Use this guide to decide if you should start the process of finding a short sale real estate agent so you can find a buyer fast:
You Can No Longer Afford Your Mortgage Rates
If your adjustable-rate mortgage has suddenly expanded out of your financial reach, a short sale can help you get back on your feet. The real estate agent will work with you to sell your home for less money than you owe on your mortgage and the money from the sale goes directly to the lender. In many cases, the lender will forgive the difference that you owe. If the lender does not forgive the remaining amount, you must pay it.
Your House is Worth Less than Your Mortgage
Sometimes homeowners have no choice but to sell their homes. If you have to sell your home but it is currently valued less than the mortgage, a short sale might be your best option to avoid foreclosure. Talk to a real estate agent about your current situation and he or she will help you decide if the short sale option is the right one for you.
Your Financial Situation Has Changed
Whether you lost your job or are facing high medical costs after an accident, if you can no longer afford your monthly mortgage payments, short selling can help you avoid further financial peril. Find a reputable real estate company to help you sell the home before your financial situation gets any worse.
When you work with a real estate company in Atlanta when you need to short sell a property, you get a caseworker assigned specifically to your case. You can also work with a buyer’s agent, a closing coordinator, and the billing department to ensure that everything goes smoothly and you can sell the property as quickly as possible.
Property Management Services from Realty 1st
Realty 1 st is dedicated to bringing you real estate agents and rental property management services that can help you with every aspect of buying, selling, and owning a home. If you are looking to rent out your home, our property management makes it easier than ever to find quality tenants and to keep them happy in your house.
With these services, you can find a manager for single-family homes or apartment buildings. Our rental property management services can also serve as a liaison between you and your tenants so all of their complaints and maintenance issues are handled smoothly. We can even find tenants for you, take care of property maintenance, and handle evictions so you do not have to do it.
Whether you are looking for someone to manage your rental property or you want to completely sell it, Realty 1 st has some of the most respectable and hardworking real estate agents in Atlanta. Turn to us to handle your property issues so you do not have to get as involved in the process.
How To Rent Out Your Home
If now is not the time to sell your home, you might want to consider renting it out. With the help of a rental property management company, you can find renters for your home who can help supplement your income. Use the following tips to successfully rent out your space:
Find a Quality Real Estate Company
The first step toward successfully renting out your home is to find a real estate company to handle all of the legal aspects of the transaction. You can retain ownership of your property and leave them to handle the logistics of the rental. It is up to you to decide how much of the rental process the company takes on. If you prefer, they can completely deal with the tenants so all you have to worry about is how much you want to charge for the rental.
Clean Up the Property
If you want to get your asking price for your rental, you have to make sure it looks the part. Spend some time cleaning out the property so it looks its best. If you are renting out a furnished place, make sure the furniture is in the best condition and that all of the accessories work well together. The better the interior looks, the faster you can rent out the property.
Decide on a Maintenance Plan
As a landlord, it is your responsibility to ensure that nothing goes wrong on your property. To do this, you must set up a maintenance plan. Whether you want to handle the repairs on your own or you want to leave it to the rental property management company, it is important to decide before you find a renter to live in your home.
Working with a real estate company in Atlanta helps you figure out the best way to rent a property. Once you make a connection with a reputable company, they can continue to help you for as long as you want to rent out the home. If you ever decide to sell it, you can easily find a real estate agent with which to work.