Are you thinking about short sale for your Destin, Niceville or Santa Rosa Beach Florida home?
Is your Navarre, Crestview or Fort Walton Beach mortgage dragging you down? I have a free short sale calculator tool
that can help you get a quick objective opinion about what your property value is, and, based on your mortgage balance, give you an idea of when you will “break even”. There are times when tough questions deserve an honest answer. A question you might be asking yourself is, “Do I short sale my home or stay and tough it out?”
Either way, to make the best decision, you should have all of the information in front of you.
My short sale calculator will give you an automated estimate of value
, which I can fine tune for you when you get serious about selling. Based on your mortgage payments, interest rate and remaining balance, it will show you where your break-even point is with slow, average or aggressive appreciation of real estate values. That might help you make a decision about whether to short sale.
Here is an example of results for someone with a $400,000 mortgage making payments at 5% interest rate. You can see from the results they might “wait” for their home value to rise in 2.5 years or more, or depending on their personal situation, go forward with the short sale now.
If you are a homeowner in Destin, Niceville, Navarre, Crestview, Sandestin, Fort Walton Beach or Santa Rosa Beach Florida, try the free short sale calculator
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204