Are you in a situation where you’d like to sell your home but aren’t exactly sure if you have enough equity in it or are still underwater? If so, one Tucson real estate agent has a tool that you might be interested in finding out more about. On his website Tucson real estate agent Shawn Polston offers homeowners a Short or Stay Calculator for use, free of charge. This calculator, which no other Tucson real estate agent has to offer, can help you determine just how much equity you have in your home. If you should happen to be underwater it can tell you how much time and money it takes until your home will be an asset again and you can complete a traditional real estate transaction on it. Of course, if you need to sell and are underwater, Tucson real estate agent Shawn Polston can also help you complete a short sale.
“So, how does it work?” you may be asking yourself. It’s simple, really. All you need to do is enter in your address, current principal, monthly mortgage payment and interest rate. From there, the calculator will do the rest and you’ll receive an email outlining just how much equity or how underwater you are on your home. If you’re underwater, you can see just how much time and money it will take until you do have equity again. From this report many underwater homeowners will then decide if it is better financially for them to stay in the home and wait to have equity or if they should just complete a short sale.
Tucson real estate agent Shawn Polston recommends that all homeowners considering a short sale try out this calculator to help them fully evaluate their situation before making a decision. If you have additional questions or have tried out the calculator and determined a short sale is right for you, contact Tucson real estate agent Shawn Polston today to get the ball rolling on your successful short sale.