Knoxville Short Sale Question: How Much Will I Have To Sell My Home For?

ethics-scaleIn our Ask the Expert Section, we recently received a question from Ted, he asks, “I'm doing a short sale on my Knoxville home. I'm concerned that my Knoxville home won't sell for the price I need it to sell for. It is in need of a new roof and needs some other cosmetic works. How much will I have to sell my home worth in order to walk away from the situation debt free?" Knoxville short sales can be fickle transactions. It can be very hard to say from the very beginning that your Knoxville home must sell for X in order for your short sale to be approved. It is through months of negotiation that an approved price is agreed upon by all parties involved in the short sale transaction. An experienced Knoxville short sale agent will be able to help you in successfully pricing your Knoxville home. Pricing a Knoxville short sale is a delicate balance. It must be low enough that a buyer feels it is priced fairly and high enough that a lender is willing to accept the price. Luckily, an experienced Knoxville short sale agent will know the pricing strategies to help give your Knoxville short sale a fair chance. Finally, as a someone who has helped many Knoxville homeowners complete short sales, don't get too caught up in the price. Find yourself an experienced agent who can help explain your options to avoid foreclosure. If you do a Knoxville short sale, you will want to have an agent that you feel comfortable with. Are you facing foreclosure on your Knoxville home? Please let me know if there is anyway my team and I can help you, give us a call today at 865-696-9002 or via email at [email protected]. We’ve helped countless homeowners in Knoxville avoid foreclosure on their homes. All of our services are done at absolutely no cost to you.

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