6). Estimated HUD-1. This is often called a "net sheet". This shows the lender what they will net from the sale of your house after taking out expenses like closing costs and Realtor fees.
If you are interested in selling your home, you need to decide early on if you are going to get the help of an agent or attempt to do without. When it comes down to it, for sale by owner Knoxville home for sale are not as popular as those by agents, but the percentage is beginning to pick up. As a seller, you may want to consider selling your home by owner. The fact of the matter is that selling by owner is more difficult, but at the same time it lends more flexibility as well as profit potential.
One avenue you can always take is to trust a realtor to sell it for you. I can tell you that before you try to sell your home on your own, please do research. I am not a realtor nor have I ever been a realtor, but I am a firm believer that when you let an expert perform a service knoxville homes for sale with pool you it will save you time and many headaches. However, if Knoxville home for sale you are set on selling your house by yourself so as to maintain your equity, then let me assure you that in order to compete in the current market environment, you must be competitive. You will be competing with others who are just as desperate to sell as you are. So having a realtor will give you a slight advantage over the "For Sale By Owner" signs.
Hint: Always make sure that your lender allows rebates, gifts, etc. before doing business with them. Some are so restrictive that they don't allow rebates even though they may be knoxville homes for sale by owner allowed in your state.
Find your base-line property, the one with the fewest features and upgrades. Subtract the added value of the features and upgrades from each property priced above your base-line property, and calculate the new price per square foot. Then average out the price per square foot, and subtract 2% of that value. This is your new base-line value.
#5. Stay patient and resolved. If this short sale is for your primary residence, this is much more emotional than if this is an investment property. So it's important to maintain an analytical approach whenever possible. There will be people coming into your home and it makes the prospects of moving out that much more heart wrenching. So know that you are not alone and although this will be a blemish on your credit, in time, it will become less and less of a concern for creditors seeking to lend to you later.