Rose and Womble Realty is there for homeowners needing to do a short sale Chesapeake, Virginia

Are you ready to short sell your home?

Don't know what a short sale is? A short sale happens when the value of a home is less than the amount of the outstanding loans. This can be due to many causes, but most often is a result of a rapidly declining housing market.

Short sales could be a way for homeowners to prevent foreclosure and get out from under their loan with the lender by settling.

What's involved in a short sale?

First, determine the true market value of your property. For those whose finances are already stretched, paying a licensed appraiser may not be an option. Therefore, a knowledgeable local real estate professional that knows the current conditions of the Chesapeake real estate market is a sound way to get a reliable idea of what your home could sell for.


	When the time comes to sell your house, Rose and Womble Realty will help. Use our expertise and knowledge of the local real estate market in Chesapeake to sell your home quickly. Contact us today.

Next, calculate your closing costs. The knowledgeable REALTORS^® at Rose and Womble Realty will take into account fees including title report, appraisal, escrow, property taxes, and agent commissions to calculate your final costs at closing.

Finally, call your lender and let them know of the situation. They may even have a particular team that handles short sales. Ask about their particular process. Some lenders will be more inclined to work with you than others. They may be able to lessen the amount owed or make other arrangements. Your lender will have to approve the final sale.