Short sales in San Antonio mean that the creditor will receive less than the actual amount of the loan payments from the sale a particular property. Banks allow this kind of process as long as there are legal documents for this agreement. Granted that they tend to lose a modest amount from the original price, but they get the chance of having a sure buyer for the property that the previous owner will find together with a REALTOR in San Antonio. It can be a win- win situation for both parties.
Living in San Antonio
If you own homes in San Antonio, it can be quite a myriad of opportunities for a short sale. People who want to move to homes in San Antonio will automatically flock your way. San Antonio TX is known for being a hub for large enterprises, commercial companies, tourist spots, and health service centers. It also continues to be a city of Texas that has the second largest population in the state. With all the flurry of business and opportunities that surround the city, there are a lot of people in search of homes.
Preparing Your Home for the Sale
Contacting lending companies or the bank are the first things to do. Contact people who are in charge of short sales. You submit necessary documents of your income statement, a hardship letter that states reasons for inability to pay, bank statements, and contract agreements. Once you have been authorized by the bank and qualified to make a short sale, get hold of help from a trusted REALTOR in San Antonio who can help you process documents for the short sale. The bank and real estate agent will help you put a price on your property and find buyers. Once buyers expressed their interest in buying, you may want to evaluate the various offers that you have come up with.
It takes hard work and patience to be able to close a short sale and usually lasts around 120 days. Remember that it is easier to wait for buyers with good offers than have your property foreclosed.
Genius Realty – San Antonio is an experienced real estate agency that can help you search for your perfect home in San Antonio, TX and the nearby cities like New Braunfels, Shertz, Live Oak, Alamo Heights, Olmos Park, Canyon Lake, Terrel Hills, Garden Ridge, Seguin, Boerne, Castle Hills, and Stone Oak and Sonterra. Get access to all available homes for sale on and the off MLS in San Antonio and the surrounding areas, regardless of the listing company. Please call 210-436-4877 for all your real estate related needs.