Centennial Real Estate is there for homeowners needing to do a short sale Norman, Oklahoma

Are you ready to short sell your home?

Not sure what a short sale is? A short sale is when the amount of the outstanding loans are greater than the amount for which the home could sell. This could be caused by many causes, but commonly is a result of a rapidly declining real estate market.

For many homeowners, a short sale is preferential to foreclosure or bankruptcy when they can negotiate with the lender to write off the remainder of the loan.

How to do a short sale:

First, determine the true market value of your house. A qualified REALTOR^®, like those at Centennial Real Estate, will be able to give you a realistic idea of what your property would likely sell for based on prior sales of similar houses in the area. Be cautious of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	To get top dollar for your distressed real estate in Norman, Contact Centennial Real Estate today for a company with the experience and knowledge to get you to the closing table quickly.

Next, don't forget about your closing costs. The experienced agents at Centennial Real Estate will consider fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, get in touch with your lender and notify them of your situation. They may even have a particular team that oversees short sales. Ask about their particular steps. Some lenders will be more willing to work with you than others. They may be able to reduce how much you owe or make other arrangements. Your lender will have to agree to the final sale.

Centennial Real Estate 360 24th Ave NW, Ste 126 Norman, OK 73069

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