Who Pays the Fees for Roseville Short Sales?

By
Real Estate Agent with Roseville CA & Rocklin CA Short Sale Agent Broker DRE#01247876

Who Pays the Fees for Roseville Short Sales?

Who Pays the Fees for a Roseville Short Sale?

This is a questions I often get from Roseville short sale sellers.  Most people who short sale are in a tough financial situation.  At the very least, they owe more on their home than it's currently worth.  They don't want to pay any money to short sale their home.  Roseville short sale sellers don't have the means to pay transfer fees, closing costs, or agent commissions.  So, who pays the fees and costs for a Roseville short sale?

Technically, the sellers do pay the fees associated with a Roseville short sale.  However, these fees do not come out of pocket. They are paid out of the sales proceeds from the buyer.  Let's say you get an offer on your home for $300,000 and short sale fees total $22,500.  The job of your Roseville short sale agent is to submit the offer to the bank and break down the total cost of the short sale.  If the bank approves the Roseville short sale, they are agreeing to accept $300,000-$22,500 or $277,500.  All fees are paid in escrow and the seller doesn't have to pay anything up front or out of pocket. 

Roseville short sales are very different from traditional sales.  In a short sale, your agent will submit a complete offer package to the bank, negotiate on your behalf, and consistantly follow-up.  Real estate agents without short sale experience do not understand how to do this and often jeporsize the short sale.  Talk to a Roseville short sale agent with experience if you are considering a short sale.

See if you qualify to sell your Roseville home as a short sale.

Who Pays the Fees for Roseville Short Sales?

Posted by

Keller Williams Realty-Roseville

916.205.2265

www.AllansHomes.com

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*Allan Sanchez is a licensed real estate broker in the state of California and does not give legal or tax advice regarding short sales and other real estate sales.  Please consult a real estate attorney or CPA for any legal or tax questions.

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Home Selling
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California Placer County Roseville
Tags:
roseville real estate agent
roseville short sales
short sale agent roseville
short sale roseville

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