If you are underwater on your home and want to do a short sale but believe that you can’t afford to hire an experienced short sale realtor, think again. It’s a common misconception by many distressed homeowners that hiring a realtor with short sale experience and actually short selling your property is going to cost you quite a bit of money. In fact, many people often shy away from even thinking about short selling their home and working with a short sale realtor because they’re already struggling financially and don’t want to add any extra costs into the mix.

What you should know, however, is that if you work with the right short sale realtor, short selling your home shouldn’t cost you a thing; short selling your home should actually provide you with the opportunity to walk away from your debt and start over financially. A short sale realtor’s services are free because the commissions they earn are paid by the lender and are included as part of the negotiation process on the final selling price on your home. Short sale realtors in the San Diego area generally get paid 5-6% commission, but again, that’s paid by the lender and there are no other hidden fees that you are required to pay to your short sale realtor or to your lender when your short sale transaction closes. In fact, there are currently even incentives to earn extra money or receive relocation fees when you short sell your home, depending on who your lender is.

Again, you shouldn’t shy away from short selling your home because you think there are extra costs in doing so. By working with an experienced San Diego short sale realtor, you could even make money on short selling your home, or at least walk away debt free.