Selling
What is a short sale and how does it work?
Quick answer
A short sale sells your home for less than what you owe, with the lender agreeing to accept the proceeds. It is a serious option for homeowners who owe more than the home is worth.
The full answer
More detail, straight from Julian Cesar
A short sale sells your home for less than what you owe, with the lender agreeing to accept the proceeds. It is a serious option for homeowners who owe more than the home is worth. The lender must approve the price and terms, which makes the process slower and the paperwork heavier than a standard sale. It can be a better outcome than foreclosure for your credit and your control, and Julian Cesar has navigated the lender approval process before.
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More Selling questions
What is my home worth in the Inland Empire?
Your home is worth what a ready, able buyer will pay for it today, and the closest read comes from recent comparable sales in your immediate area. Online estimators are a start, but they never see inside your home.
Read the answer SellingHow long does it take to sell a home in Southern California?
A prepared, well-priced home can go under contract within days or a couple of weeks in many Inland Empire markets. California escrow then typically runs 30 to 45 days.
Read the answer SellingIs a cash offer better than a traditional listing?
Neither is universally better. A cash offer trades some price for speed and certainty; a traditional listing chases maximum exposure and competition.
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Julian Cesar
Licensed Agent, CA DRE #02015349