The Idaho housing market has picked up recently~Great News, right? While it is good news, it's still not enough to help many people. You see.....the market has picked-up, but prices are still way down from 2005-2006 levels. There are still MANY homeowners that OWE more than their homes could sell for in today's market.
If you must sell your home, you only have 2 options.....
- A. Bring a TON of cash to the closing table (yeah right! ) or
- B. Do a Short Sale on your home.
What is an Idaho Short Sale? In a nutshell, a Short Sale is where the Bank agrees to accept LESS than what is owed.
Who is eligible for an Idaho Short Sale? Anyone can ask their lienholder to approve a "short" payoff for their home. Whether or not your lienholder will approve the short sale will depend on your financial situation and your agent's ability to negotiate wth the banks. Each situation is different, and each lender has a different criteria for short sales. It's always better to ask, and take action quickly! Call if you have any questions! 208-921-4800.
I am here to help you sell your home as quickly as possible! I will handle your listing in a professional, confidential and non-judgemental way. I realize that these tough economic times are affecting good people.
If you have an Idaho property that you are considering listing as a short sale, fill out the form below and I will get the listing packet right out to you.