Do you have friends or family that have sold their home on the Venice short sale market but aren’t entirely sure what a short sale is? Do you think you’re currently in a situation where you need to sell your home on the Venice short sale market? If so, you’ve come to the right place because at this time Venice short sale agents would like to explain to you exactly what a short sale is and why you should only work with a short sale-experienced agent.
Essentially, a short sale is when your lender gives you permission to sell your home for less than what you currently owe on it. For example, if you owe $100,000 on your home and your bank allows you to sell it for $75,000, they are agreeing to let you complete a short sale on your home. Your Venice short sale agent acts as the middle man in the short sale transaction by submitting paperwork on your behalf as well as negotiating the terms of the sale with your lender.
While a short sale may seem quite similar to a traditional real estate transaction in many people’s eyes, the truth is that completing a Venice short sale is completely different and that’s why Venice short sale experts urge you to only work with a trained and experienced Venice short sale agent should you choose to complete a short sale on your home. There are many difference nuances and intricacies to listing your home on the Venice short sale market, such as submitting a short sale package and writing a hardship letter, which many traditional real estate agents may not be completely familiar with.
If you’d like to know more about selling your home on the Venice short sale market, please get in touch with a knowledgeable and experienced Venice short sale specialist today.