Should I Do A Short Sale? How Do I Qualify For One?

columbus short sale

Welcome, I’m Kimberly Sherrod here at Real Estate Group 3:16, one of the most knowledgable short sale businesses in the Columbus area. Today I wanted to discuss with you why you should short sell your home and what the conditions are to qualify for one.

If you are having financial difficulty, perhaps you have become unemployed or you have a health issue within your family, and you’ve fallen behind on your home loan and are no longer able to keep your head above water, you might want to consider doing a short sale. There are many benefits to doing a short sale instead of letting your home to go into foreclosure. With a short sale, you have the ability to negotiate with the lender, there are better tax implications and the impact on your credit is not as bad.

To qualify for a short sale, you do have to have a financial issues. We put a package of information together and contact your bank asking them to consider approving your short sale. If you want to figure out if you meet the criteria for a short sale, or if you’re curious what your house is worth, please visit our new website, If you input some information on the website, it will tell you how much time and money it will take for you to break even on your house and get your head back above water. If you’re in a situation where you’re upside down on your mortgage, it may recommend that you consider a short sale.

If you have any added questions regarding qualifying for a short sale or want more information on why a short sale may be the best choice for you, please call us or contact us via our website or email. Real Estate Group 3:16 is here to help you alleviate some of your financial issues and can do that by helping you short sell your house.

For more information on short sales and how to avoid foreclosure, visit the Real Estate Group 316 blog or you can also contact the Kimberly Sherrod team and get started today.

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