Why you need an agent when selling your home Brief

The part of the process of selling that many buyers do not realize is that a mortgage on a home may exceed the value of the house. This is especially true when the property market in a specific area, go south. For example: A home buyer chooses a new building for their home purchase. They buy the house for $ 250,000. Only 3 months after the closing of the sale, the manufacturer chooses to lower the price of the models sold in that community for $ 200,000. This means, the value of your home just got off of $ 50,000 with the touch of a pen.

This example is important to understand when it comes to selling. A homeowner can have two or three mortgages on a house. The house may be worth $ 300,000 first mortgage and may only have $ 150,000 left. A great buy, right? Wrong, if the mortgages add up to another $ 200,000, the house will be placed on the market for a short sale, which can cost the buyer more than the house is actually worth.

Sheer confusion, I understand. But, in the heart of understanding the short sale process and the rings that crossed very carefully when it goes on sale shortly after they are what real estate agents are trained for. An expert agent. One who knows the area, knows the compositions, to know what are the potential real estate values ​​will be worth the experience and understanding of fluctuations in real estate. These are the real estate agents who can point you in the right direction.

A short sale may be much, but this does not mean it should be. The Realtor you choose when you search or attempt to buy that short sale, means a world of difference when it comes to the bottom line, your new home and you! ......