Have you heard about friends or relatives completing a Coatesville short sale but you’re not entirely sure what a short sale is or what it entails? Coatesville short sale experts want you to know, first of all, that they’re here to answer all of your real estate related questions, whether it concerns completing a Coatesville short sale or an equity sale.

Basically when you complete a Coatesville short sale, you have to request permission from your lender to sell your home for less than what you owe on it; your Coatesville short sale agent does this on your behalf. Typically the lender will agree to sell it for its current market value. You qualify for a Coatesville short sale you have to have a legitimate hardship, or reason, for needing to sell your home for less than what you owe. A majority of the reasons that homeowners complete Coatesville short sales are due to financial hardship, such as increase in expenses or a decrease in income, however there are other non-financial reasons as well, such as job relocation, divorce or the need to downsize or upsize.

Also, when completing a short sale the homeowner is required to submit a short sale package which includes financial documents, such as pay stubs, bank statements and tax returns as well as a hardship letter detailing why they need to complete a Coatesville short sale.

Listing your home on the Coatesville short sale market can seem very overwhelming, but it doesn’t have to be. When you enlist the help of a knowledgeable Coatesville short sale expert and rely on them for help and guidance, the only part you need to worry about is assembling your short sale package; once this is done, they’ll take care of the rest. Remember, if you have any questions or concerns about completing a Coatesville short sale, or if you’d simply like more information, reach out for assistance from a Coatesville short sale expert today.