SellingAHome-JenniferChristenot (1)

home, and you’re sure that the asking price is fair, and you’re
still not getting any interest in the home, you might want to
consider taking your home off the market for at least a few
weeks. When you relist it, it will appear as a new listing and
when that happens, it often garners new interest.
10.) What if I want to sell my home but the value is less than
the mortgage balance?
Sometimes homeowners get into the unfortunate position
of having a mortgage balance which is greater than the total
value of their home. When this happens, and they want to sell
their home, they can do a short sale. Short sales are usually
very complicated because they include speaking to mortgage
insurers if the home had mortgage insurance placed upon it
during the time of purchase, and because it’s often dependent
on the bank’s agreement to split the difference between the
value of the home and the remaining mortgage payments that
are due. Once all of these issues are resolved the sale of the
home can be completed but short sales are often the benefit
of the buyer and not the seller.
The most common reasons sellers find themselves in the
position of negotiating a short sale is because they can’t afford
the home and need to downsize, or relocation has forced them
to sell their home at a time when the market conditions may
not be favorable for them to do so.
13
SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT