IS IT TIME TO SHORT SALE?

Do you own a home and are you really upside down?  Do you wonder how long it will take to recover?  Do you even wonder if it makes any more sense to stay?

If you live in an upside down house you basically have two options:

Option #1:  Continue paying your expensive mortgage that you really can’t afford and which is secured against a severely upside down asset that will take years and years to break even on.  Or,

Option #2:  Live payment free for 6 to 12 months, get out from underneath ALL your negative equity, hit the financial RESET button on your housing situation by completing a Short Sale, then live in a nicer home for less money over the next couple years while you wait to re-enter the housing market.

I know it may seem odd, but this market is actually an opportunity to get out from underneath a mountain of negative equity, hit the financial reset button, and ultimately get into the home you really want to be in.  And quite frankly this is exactly what the economy WANTS and NEEDS you to do … TO RECOVER ... your recovery is what the government and economy need!  You are either going to play "catch-up" over the next 10 years by spending HALF of your income to carry the dead equity against your house, or you can begin to do things now that put you on the road to recovery, save more of your cash, and get you into the property you really want to be in within a couple years so you can begin earning REAL equity once again.

How do you do this?  By letting us guide you through a 'Short Sale'.  What's a Short Sale? A Short Sale is when you get the bank’s permission to sell your house for LESS than you owe … and we are experts at getting the bank to approve those sales.  There is plenty of INCENTIVE for you to short sale your home.  Let me take a second to explain a few:

1. The first benefit can start TODAY when you stop making your payments and begin getting MONTHS of free living during the short sale process. How much cash can you save if you don’t make your house payment for ____ months? Maybe $15K, $20K, $25K, or even more?

2. In a short sale you will pay NO COMMISSIONS or CLOSING COSTS or PROPERTY TAXES b/c we will get the bank to pay them.

3. We will help you avoid FORECLOSURE and BANKRUPTCY and keep your credit intact

4. We will put you in a position to buy a home again in as little as 2 years so you can be on the RIGHT side of the equity curve once and for all.

5. Over 90% of the time you’ll be able to “WALK AWAY” from your home with no debt or tax consequences (this is a CRITICAL piece of information to get correctly and we are EXPERTS at telling you the TRUTH ... AND ... at helping reduce any tax liability and/or deficiency repayment to your lenders ... don't trust the INEXPERIENCED AGENT ... you need an agent who specializes in  Short Sales)

6. Be completely out from under the negative equity

7. For the next couple years while you wait to re-enter the housing market you can rent a nicer home and for less money.

HOW DO THOSE BENEFITS SOUND TO YOU?  If you're like most people stuck in an upside down house then they sound GREAT ... and they should.  Over the past few years we've been helping clients successfully complete short sales.  In fact, we have a 95% closing success rate when the average in the industry has been reported to be less than 50%.

Want to get started?  CLICK HERE to see if you're a good SHORT SALE CANDIDATE.  Of course, you can always just give me a call at the office, 858.883.2273, or shoot me an email to troy@troynichols.com.  What you choose to do today will have a great effect on your estate over the next 10-15 years, so give me a call and let's chat. Maybe it's best to stay. Maybe it's best to sell. You simply need the right information to make the best decision and I can help with that.  We are good at what we do. We care about your dilemma. WE CAN HELP.

CLICK HERE to view some of our recent Short Sale approvals where escrow successfully closed: