With all of the short sales in Arizona that I have handled, one the trickiest questions to answer is about when the homeowner should leave their property. This tends to be a heated debate between short sale experts as there are pros for each side. I will talk about the different perspectives and I suggest you find a balance between each that works best for your family while going through the short sale process.
Pros For Staying In The Home While Doing A Short Sale
Pros For Leaving The Home During The Short Sale Process
Like I said in the beginning, this isn’t a one stop answer for everyone. I advise my clients to evaluate the Pros/Cons above and figure out the balance that is best for your family.
If you have any short sale questions, please don’t hesitate to Contact Us.
Thanks for reading.
Sincerely,
Jeff Buettner
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This is a really interesting subject. I always thought that it was much more prudent to stay in the home because an occupied home is usually a sign of better maintenance. However, I really see the other side and it can be very stressful trying to find a rental the more behind you are on mortgage payments. Unfortunately, this is not a win win situation, in most cases.
You’re correct. It can be far from “Win-Win”. You have to weigh those pros and cons to see if it’s worth it to you to stay or go…
You definitely have to weigh the pros and cons. It may be better to at least find a rental property before the short sales goes on your credit report. Unfortunately I know some people who didn’t do that and they had a very difficult time finding a new place to live.