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Real Estate Tips
Short Sales >3. How to Prepare for a Short Sale

If a homeowner is facing foreclosure and wishes to explore short selling their home as an alternative, it is crucial to get help from a trusted real estate agent. With the agent’s help, this is how the homeowner will prepare to short sell their home:

  1. Agreement. The homeowner must get the lender to agree to sell the home at a loss.
  2. Documentation. If the lender agrees to a short sale, the homeowner will need to provide documentation to the lender indicating that he or she is financially incapable of paying for the loan. It depends on the lender, but the documentation usually required can include:
    • A hardship letter explaining why the homeowner is unable to pay the mortgage.
    • Recent tax return forms, W2 forms, and/or 1099s.
    • Recent paystubs.
    • Financial statement detailing list of assets and liabilities.
  3. Consultation. The last thing a financially stressed homeowner needs is more financial stress. The homeowner should consult with an attorney to find out whether or not difference between what the home is worth and what the home sells for will be taxed.
  4. Communication. Everyone needs to communicate during this process. The homeowner needs to communicate with the lender to make sure the lender has everything needed to apply for the short sale. The homeowner and the lender need to be in constant contact with potential buyers to make sure they stick around.

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Real Estate Trivia
Q 
At the doors of what famous temple do you find yourself when you climb the 'Stairway to Heaven'?

A 
The Temple of Heaven in Beijing, China, attracts the local faithful and tourists.
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The Christ Team, REALTOR®, real estate agents and broker for Georgetown, Round Rock and Austin, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

KARI CHRIST w/ THE CHRIST TEAM
Keller Williams Realty

823 S. Austin Avenue, Georgetown, TX 78626
Phone: 512-863-2220
Direct: 512-784-8181
Fax: 512-868-6917
Email: Kari@KariChrist.com

Real Estate is my profession and my passion; it never grows old. Each client I work with has different wants, different needs, different personalities, different styles, different backgrounds, different likes and dislikes, different areas and different neighborhoods. It makes every day and each transaction unique!

Trust is what I build my relationships on, both in my personal life and my professional life. I live by the GOLDEN RULE and I want it show vividly in everything I do. My past clients, both buyers and sellers, know that I listen first to their needs and expectations and follow with what is important to them. I realize it is the little things that can make a big difference.

Most consumers have a friend, a relative, or someone they know with a real estate license. I know the overwhelming feeling that comes with having to choose an agent. A few key things to look for are: Find someone that has several years of experience, that is professional, that works real estate on a full-time basis, that has earned various accreditations and training, that works for a large local brokerage, and that has testimonials from satisfied clients. (I have all of those qualities because I want to ensure my clients experience a first-class real estate transaction.)

My promise to you is this: I will strive not only to meet your expectations, but to exceed them. I will invest my time consulting, negotiating and caring for the needs of your real estate transaction. My goal is for you to have a superb experience which causes you to share my name with friends, family and co-workers. Yes, I actually like it when people talk about me!

Contact me today and we can get started on your move.


Accredited Buyer’s Representative Certified Residential Specialist Graduate Realtor Institute Accredited Staging Professional REALTOR



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