Foreclosure shouldn’t be your only option—take time to learn more about Short Sales with Team Barone.
For homeowners across Tampa Bay, navigating today’s market can come with its share of financial challenges. Whether you’ve found that your mortgage balance is higher than your home’s current value, or you’re simply exploring ways to move on from a property with limited equity, a short sale might be a practical and forward-thinking solution.
A short sale, by definition, allows you to sell your home for less than the amount you owe on your mortgage, with your lender’s approval. While it involves some added steps, the process is designed to help homeowners transition out of an unaffordable mortgage without resorting to foreclosure. Better yet, the lender typically covers closing costs, including real estate commissions—so sellers often complete the process with no out-of-pocket expenses.
One of the key benefits of a short sale is control. Unlike a foreclosure, which is lender-initiated, a short sale puts you in the driver’s seat. With the help of a local short sale expert, you’ll prepare a listing, gather a simple financial package, and market your home to potential buyers. Once an offer is submitted, your lender will review it, assess the property’s value, and decide whether to approve the sale.
Homeowners will be pleasantly surprised to learn that a short sale can have a more moderate effect on their credit than other options. Some sellers may even be eligible to purchase another home with conventional financing in as little as two years. That flexibility can make a big difference when planning your next step.
It’s also worth noting that today’s short sale process is more streamlined than it once was, especially with experienced agents who understand lender requirements and have strong negotiation teams in place.
From initial consultation to closing, your agent will guide you each step of the way.
If you’re considering a change and your home’s value doesn’t quite match what you owe, a short sale could offer a well-structured, dignified path forward—one that protects your credit, offers peace of mind, and clears the way for new opportunities. Talk to Team Barone today to see if a short sale is a viable option for you.