Great Street Properties is there for homeowners needing to do a short sale Chicago, Illinois

Are you ready to short sell your home?

Not sure what a short sale is? A short sale is when you owe more than what the house will possibly sell for. This can be due to many reasons, but frequently is a result of a rapidly declining housing market.

Short sales can be a way for homeowners to avert foreclosure and pay off their loan with the lender by settling.

What's involved in a short sale?

First, find out the true market value of your property. Since paying for a licensed appraiser may not work with your already tight budget, an experienced local real estate agent that knows the current conditions of the Chicago real estate market is a smart way to get an accurate idea of your home's value.


	Chicago homeowners who are upside down on their home loan and need results fast should turn to the expertise of Great Street Properties to guide them through the short sale process. Contact us today for a free consultation.

Next, calculate your closing costs. The experienced real estate professionals at Great Street Properties will account for fees like title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs upon closing.

Finally, call your lender and let them know of your situation. They may even have a specific team that manages short sales. Ask about their specific procedures. Some lenders will be more willing to work with you than others. They may be able to decrease how much you owe or make other arrangements. Your lender will have to approve the final sale.

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Contact Great Street Properties

Corporate Office:

22 N Morgan Street
Suite 107
Chicago, IL 60607
Phone: 312.733.9100
Fax: 312.733.9768
Abe@thereobroker.com

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