630-307-2760 • 800-871-SOLD
Remax Central
Sharon Falco

    Short Sales

    Preventing foreclosure can be a stressful experience. Sharon is a certified distressed property expert. Her experience has granted her the ability to help relieve the uncertainty of your position. Our objective is to guide you through this difficult time and help you out of your current situation.

    For Sellers:

    If you are facing a long term hardship, are behind with your mortgage payments, or the value of your home is less than your borrowed balance, deciding to start the short sale process may be the best option for you.

    It may be in your best interest to reach out to an experienced real estate professional before starting the process with your bank. Often times, the homeowner will contact the bank first and will receive an abundance of information that will complicate the process. Financial institutions are overloaded with work, and will often send homeowners in circles. This will inevitably lead to a delay in the process. Time is of the essence, and every day counts. We cannot stress enough the importance of working with an agent who is qualified to take on these types of transactions and provide you with the best guidance.

    For more information about starting a short sale and the requirements to receive approval from your bank click the link below:

    Short Sale Information

    For Buyers:

    When you are attempting to purchase a home with short sale terms, it is crucial to prepare yourself for this type of transaction. Often, the potential buyers are not fully aware of the processes that will need to take place in order to complete the transaction. It takes a very patient buyer, with a negotiable closing time frame, to have the flexibility to abide by these terms. Before placing an offer on a short sale property, it is important to know what to expect.

    Every short sale transaction is unique. This means that it is almost impossible to give you a structured timeline of when you will be able to close on the property. Unfortunately, we are always at the mercy of the bank. With that said, please understand these types of transactions will take substantially longer than a traditional transaction. In the early stages of the transaction, you may mutually agree on terms with the seller, but that does not guarantee the bank will agree to the presented terms. In addition, the buyers will also be asked to purchase the home in "As-Is" condition. Therefore, we will not have the right to ask for any credits or repairs to be done to the property.

    If you would like to speak to Sharon directly about your situation, please give us a call today at 630-307-2760!

    We decided to sell our house in May of 2017. After Sharon helped us with decisions about what to improve to ready the home for sale, we were on the market by June 30th, under contract by August and closed on October 12th 2017!!...
    - Matthew Brown
    Wonderful experience working with Sharon. Wouldn't hesitate recommending her for either the buy or sell side. Answered all questions thoroughly and made me feel very comfortable with the process
    - David Banker
    We loved working with Sharon and her team. Sharon is very professional and respectful in providing feedback to best market our home. Sharon was honest and used all her tools to get our home sold in 3 weeks!!
    - James Crocilla
    Sharon was fantastic in helping us with a home we needed to sell in a short time. She immediately met with us, gave us the information needed to the home ready. Once that stage was complete, she had it sold in ONE WEEK! She really went the extra mile for us and we very much appreciate it!
    - Greg Woods