Time is running out to short sale without tax penalty
Under the current laws temporary provision, a borrower is excused from paying tax on forgiven home mortgage debt (up to $750,000), so long as the debt was secured by a principal residence and the total amount of the outstanding mortgage did not exceed the home’s original purchase price plus the cost of improvements. The amount of exclusion could be as high as $2 million.
Critical Steps to take when considering a SHORT SALE of your home:
Step 1: Hire the RIGHT Team
Short Sales require more complex negotiation skills out of your real estate team as they're negotiating on your behalf with the bank(s) and working closely with the seller(s) and buyers representative and lender to make sure that everything aligns for a successful closing once the bank has approved the offer. Banks have strict guidelines to follow as part of their short sale approval and meeting timelines, negotiating pricing and making sure all conditions are met are critical to the success of your short sale and the sale of your home.
A skilled team recognizes the critical importance of positioning a home on the market to capture the interest of discerning, qualified buyers swiftly and effectively. Time is of the essence, as prolonged market exposure can diminish a property’s appeal and in the case of a short sale could lead to foreclosure. Selling a home demands not only a profound understanding of the real estate landscape but also a keen insight into its nuanced processes. Our team possesses the expertise and resources to adeptly manage the complexities of selling from list to close. Guiding you, negotiating on your behalf and working across the table with all parties involved to ensure a successful close of escrow which will ultimately lead to a successful closing on your home. You can trust us to be your partner in this difficult decision and to be there to help you find a rental and when you purchase your next home which could be as early as 2 years from your short sale. Our team also provides moving and rental services so we promise to make this transaction as stress free as we can from start to finish.
Step 2: Marketing your Home to SELL
Our team specializes in a global marketing campaign to place your home across multiple channels to reach as many qualified buyers. Our extensive network creates maximum exposure for your home to our exclusive database reaching around the globe. More exposure equals more buyers and ultimately more money at time of sale!
Email Video Marketing to our global extensive database
Social Media Marketing all channels
Exclusive website for your home with Video, Photos, Virtual Tour
Dedicated Marketing Team
Exclusive Open House Events
Marketing to Offline and Online Qualified Buyers
Step 3: Stats Matter
Successfully closed Listings 325
Personalized Support Guaranteed
Average Time on Market 90 Days
Confidentiality 100%
Success Rate 90%
Satisfied Clients 100%
Schedule a Discovery Call with our Team
Connect with our experienced agents to explore the best options for your situation. Our team specializes in guiding homeowners through the short sale process, providing personalized support and ensuring a smooth experience. This call is a no obligation and stress free call that is completely confidential.