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 2005 Custom 4 Bedroom home with Horse Stable and Garage 8 Acres of property US $349,900.00 
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Home Property
Short Sale Process - Pricing Your Home
Hello again. This is Matt Fetick, with soldbyshortsale.com. We are the Philadelphia leading short sale realtors. This is phase 3 of our 7 stage short sale procedure video series. If you haven't seen steps one or two, please take the moment to go check those steps out. My group has developed a seven phase process designed to have big success with short sales. We have determined that following these seven steps provides us the greatest chance of getting a short sale accepted.
This is step three, which deals with the dilemna of pricing your property. We have to know what to price your property for and what it is valued at. Getting the most amount of money for your property is very important. Nevertheless, the market has shifted, and sadly in the Philadelphia vicinity the market is declining. So, we need a accurate look at home values and what your home will sell for.
Here is what we do. When you are ready to put your property on the market for a short sale, we are going to compare it to other houses on the market. We will price your property based on what a purchaser will pay for it and what a bank will give that buyer to purchase your home. When the new purchaser's bank goes to do an appraisal if there are not comparable properties to substatiate the price, the transaction will not be completed.
We will advise you on where we judge your house will sell. We need to price is competitively. The longer your house sits on the market the closer you get to foreclosure. Also, we have a worse chance of productively closing a short sale.
Your lender is not going to accept a price that below a particular number. They decide an acceptable amount based on a BPO. An independant broker finds comparable houses for the bank to determine this value.
Regardless of what the value is, our goal is to get the home sold for a value that is satisfactory to a new purchaser and then convince your lender to agree to that proposal. We take all of the strain off you. We work hard to get the most amount of money in the least amount of time.
As always, feel free to give us a call. We are the premier Philadelphia short sale realtors.
Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.
Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington
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Frequently Asked Questions...
Will I pay separate deductibles(home and personal property) if my home is damaged in a tornado?
My home was recently damaged in a tornado and I have a $1,000 deductible. When I look at my policy, I also have a $1,000 deductible for personal property. If my personal property was damaged during this tornado, do I pay the $1,000 for the home coverage and an additional $1,000 for personal property or is the personal property considered part of the home claim?
Answer:
Typically, if the damage all happened from the same event, it would be handled as one claim with one deductible. Ask your insurance company to be sure.
