Monday, October 11, 2010
Thursday, October 7, 2010
Short Sale San Antonio: How to Price Your Short Sale?
There are important issues with short sales that many homeowners and Realtors fail to consider.
One of the biggest mistakes?
How to price a short sale for sale?
According to Realtor.Org, they say "Price your short sale at or near fair market value".
The problem is.....
What is "Fair Market Value" for a short sale?
One of the mistakes we see today is a short sale priced the same as a typical retail sale or an available bank owned property. This is a huge mistake if a homeowner needs an offer on the property.
Why?
The answer is very simple bit often overlooked.
There are a number of issues with short sales that drive down the current value of the property. This is one of the most important factors to consider when trying to sell via a short sale.
Additionaly, you MUST consider existing inventory and local market conditions. For example, for a San Antonio Short Sale, Realtors must take a close look at the number of bank owned property in the San Antonio area.
Here is a video from Third and Long Investments, LLC:
To learn more check out the website from Third and Long Investments, LLC for Texas Short Sale help.
This website at www.shortsalestx.com offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.
One of the biggest mistakes?
How to price a short sale for sale?
According to Realtor.Org, they say "Price your short sale at or near fair market value".
The problem is.....
What is "Fair Market Value" for a short sale?
One of the mistakes we see today is a short sale priced the same as a typical retail sale or an available bank owned property. This is a huge mistake if a homeowner needs an offer on the property.
Why?
The answer is very simple bit often overlooked.
There are a number of issues with short sales that drive down the current value of the property. This is one of the most important factors to consider when trying to sell via a short sale.
Additionaly, you MUST consider existing inventory and local market conditions. For example, for a San Antonio Short Sale, Realtors must take a close look at the number of bank owned property in the San Antonio area.
Here is a video from Third and Long Investments, LLC:
To learn more check out the website from Third and Long Investments, LLC for Texas Short Sale help.
This website at www.shortsalestx.com offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.
Wednesday, September 29, 2010
Sacramento Short Sale Can Be A Difficult Transaction
When selling a house is it always about getting the "highest offer"?
To the surprise of many, the answer is not always "Yes!". It's not yes when you need a Short Sale Sacramento Style.
Sacramento, CA remains one of the toughest markets in the country for distressed homeowners who need to sell fast. It's in these tough locations that a real estate investor such as Marketing MD, LLC can really help.
Closing the sale and therefore avoiding a foreclosure is MUCH more important to the homeowner who is facing foreclosure than trying to get the highest offer. This is especially true in Sacramento, CA because the real estate market has a large number of existing inventory. This little nugget of information is some of the best short sale help you will ever hear.
Many homeowners in the nation's toughest real estate markets, such as Sacramento, fail to consider the enormous benefit of working knowledgeable investor. Often times an investor will make an early all cash offer on the property. This could save valuable time for the homeowner. It can help limit their credit damage. It certainly can relieve a lot of stress during this difficult time.
More importantly, a committed buyer who will stay in the transaction until it closes provides a tremendous amount of value in the nation's toughest real estate markets.
Finding a committed buyer to follow through until close on a short sale can be almost impossible to find in an area such as Sacramento. Therefore the the value of a local investor such as www.DollarsForYourHome.com increases dramatically.
Homeowners should be pro-active and search for local investors who can help them. It may mean a lower offer price but it often means a much higher success rate with the short sale. After all, what is more important to the homeowner:
Highest Offer?
Or Avoiding Foreclosure?
Clearly option two, avoiding foreclosure, is most important to a distressed seller.
To learn about the benefits of working with a real estate investor please go to www.DollarsForYourHome.com for a free report on How To Short Sale In Sacramento
To the surprise of many, the answer is not always "Yes!". It's not yes when you need a Short Sale Sacramento Style.
Sacramento, CA remains one of the toughest markets in the country for distressed homeowners who need to sell fast. It's in these tough locations that a real estate investor such as Marketing MD, LLC can really help.
Closing the sale and therefore avoiding a foreclosure is MUCH more important to the homeowner who is facing foreclosure than trying to get the highest offer. This is especially true in Sacramento, CA because the real estate market has a large number of existing inventory. This little nugget of information is some of the best short sale help you will ever hear.
Many homeowners in the nation's toughest real estate markets, such as Sacramento, fail to consider the enormous benefit of working knowledgeable investor. Often times an investor will make an early all cash offer on the property. This could save valuable time for the homeowner. It can help limit their credit damage. It certainly can relieve a lot of stress during this difficult time.
More importantly, a committed buyer who will stay in the transaction until it closes provides a tremendous amount of value in the nation's toughest real estate markets.
Finding a committed buyer to follow through until close on a short sale can be almost impossible to find in an area such as Sacramento. Therefore the the value of a local investor such as www.DollarsForYourHome.com increases dramatically.
Homeowners should be pro-active and search for local investors who can help them. It may mean a lower offer price but it often means a much higher success rate with the short sale. After all, what is more important to the homeowner:
Highest Offer?
Or Avoiding Foreclosure?
Clearly option two, avoiding foreclosure, is most important to a distressed seller.
To learn about the benefits of working with a real estate investor please go to www.DollarsForYourHome.com for a free report on How To Short Sale In Sacramento
Sunday, September 26, 2010
5 Common Short Sale Mistakes
How do I find my short sale buyer?
This is what distressed homeowners are asking themselves and their Realtors.
There are a number of reasons short sales on't close. Many times local makret conditions play a big factor. For example, that Las Vegas Short Sale can be a problem because of the declining values of real estate in Las Vegas.
Here are 5 common problems facing homeowners who need a short sale.
1. Realtors Advice: They tell buyers to “Avoid Short Sales
2. Long Delays: Short Sales take much longer to close.
3. Can’t Move In: Buyers need a home and can’t wait.
4. Losing Buyers: They don’t understand the time involved and back out.
5. Too Much Competition – In areas with the highest foreclosure rates there are many bank owned properties available at huge discounts.
Why do Realtors advise buyers to avoid short sales?
For starters, short sales are difficult to close. It’s easier for tthey buyer to get a home with a bank owned property or a short sale.
Long Delays for Approval?
The banks are overworked with this current housing crisis and getting short sale approval is a complicated process. Many properties have 2nd and 3rd mortagage and/or liens. This delays the process even more.
Can’t the buyer move in?
It is not uncommon for a short sale to take six months to close. The buyer can’t move in for 6 months? These long delays with approval prevents a fast close for the buyer.
Buyers lost during the short sale process?
In one word: “Frustration”.
Buyers today do not understand the actual time involved with short sale approval. It takes too long...they back out.
“Too Much Competition”?
Buyers can easily find discounted property in areas with a lot of foreclosures. In areas such as Las Vegas, this is especially true.
Good advice: Find a real estate investor.
Search Google for terms such as How to Short Sale Las Vegas and Avoid Foreclosure Las Vegas and you can find sharp real estate investors, such as AZ Investments Group at www.myLVshortsales.com, who can help.
This is what distressed homeowners are asking themselves and their Realtors.
There are a number of reasons short sales on't close. Many times local makret conditions play a big factor. For example, that Las Vegas Short Sale can be a problem because of the declining values of real estate in Las Vegas.
Here are 5 common problems facing homeowners who need a short sale.
1. Realtors Advice: They tell buyers to “Avoid Short Sales
2. Long Delays: Short Sales take much longer to close.
3. Can’t Move In: Buyers need a home and can’t wait.
4. Losing Buyers: They don’t understand the time involved and back out.
5. Too Much Competition – In areas with the highest foreclosure rates there are many bank owned properties available at huge discounts.
Why do Realtors advise buyers to avoid short sales?
For starters, short sales are difficult to close. It’s easier for tthey buyer to get a home with a bank owned property or a short sale.
Long Delays for Approval?
The banks are overworked with this current housing crisis and getting short sale approval is a complicated process. Many properties have 2nd and 3rd mortagage and/or liens. This delays the process even more.
Can’t the buyer move in?
It is not uncommon for a short sale to take six months to close. The buyer can’t move in for 6 months? These long delays with approval prevents a fast close for the buyer.
Buyers lost during the short sale process?
In one word: “Frustration”.
Buyers today do not understand the actual time involved with short sale approval. It takes too long...they back out.
“Too Much Competition”?
Buyers can easily find discounted property in areas with a lot of foreclosures. In areas such as Las Vegas, this is especially true.
Good advice: Find a real estate investor.
Search Google for terms such as How to Short Sale Las Vegas and Avoid Foreclosure Las Vegas and you can find sharp real estate investors, such as AZ Investments Group at www.myLVshortsales.com, who can help.
Short Sale: Finding The Buyer Is Step 1
Local market conditions play a large role in short sale success.
In Texas, thousands of homeowners are using the short sale process to avoid foreclosure. There are a number of key benefits of choosing a short sale over a foreclosure. This article, from Third and Long Investments, LLC, should help distressed homeowners understand the steps to a successful Texas Short Sale.
Many homeowners struggle with the time-consuming and difficult short sale process. First thing any struggling homeowner should understand is you are not alone.There are over 10,000,000 homeowners nationwide who are facing similar problems with their housing situations.
In order to begin the short sale process with a lender, you generally need a buyer in place to make the offer and start the process with the bank. Finding a qualified buyer in the 2010 Texas real estate market is often the most difficult step of short sale success.
In many real estate markets it takes months to find a qualified buyer. If a homeowner can work with an Short Sale Buyer such as Third and Long Investments, LLC, it could lead to a faster resolution and reduce credit damage. They can show you How To Short Sale in Texas
For most homeowners there are generally two main issues when trying to find a buyer for your short sale. The two issues are:
1. No buyers - With the large number of foreclosures on the market, buyers have many options.The problems today usually center around too many properties and not enough buyers.
2. Long delays- Completing a short sale is a time consuming event.A short sals is not a typical retail sale because the lender is involved and they must approve the sale before it can close.Therefore, the current short sale process with lenders takes many months to complete. Long lender delays with approval often prevent home buyers from making offers on short sales.
How can you find a buyer fast for your short sale? You may be able to turn to a cash investor.
In many instances it can be an enormous benefit to the homeowner to work with an investor who can make an immediate cash offer. A cash offer will garner instant attention of your lender. Additionally, many investors understand the difficult short sale process and realize the time involved to close the sale.
When an investor is available to make an immediate offer it can save months and months of listing the property. Often times it’s the many months of listing and missed payments that lead to the most credit damage for the homeowner.
To learn more about getting an immediate offer on your property please visit the website for Third and Long Investments, LLC for Short Sale Help Texas
This website offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.
In Texas, thousands of homeowners are using the short sale process to avoid foreclosure. There are a number of key benefits of choosing a short sale over a foreclosure. This article, from Third and Long Investments, LLC, should help distressed homeowners understand the steps to a successful Texas Short Sale.
Many homeowners struggle with the time-consuming and difficult short sale process. First thing any struggling homeowner should understand is you are not alone.There are over 10,000,000 homeowners nationwide who are facing similar problems with their housing situations.
In order to begin the short sale process with a lender, you generally need a buyer in place to make the offer and start the process with the bank. Finding a qualified buyer in the 2010 Texas real estate market is often the most difficult step of short sale success.
In many real estate markets it takes months to find a qualified buyer. If a homeowner can work with an Short Sale Buyer such as Third and Long Investments, LLC, it could lead to a faster resolution and reduce credit damage. They can show you How To Short Sale in Texas
For most homeowners there are generally two main issues when trying to find a buyer for your short sale. The two issues are:
1. No buyers - With the large number of foreclosures on the market, buyers have many options.The problems today usually center around too many properties and not enough buyers.
2. Long delays- Completing a short sale is a time consuming event.A short sals is not a typical retail sale because the lender is involved and they must approve the sale before it can close.Therefore, the current short sale process with lenders takes many months to complete. Long lender delays with approval often prevent home buyers from making offers on short sales.
How can you find a buyer fast for your short sale? You may be able to turn to a cash investor.
In many instances it can be an enormous benefit to the homeowner to work with an investor who can make an immediate cash offer. A cash offer will garner instant attention of your lender. Additionally, many investors understand the difficult short sale process and realize the time involved to close the sale.
When an investor is available to make an immediate offer it can save months and months of listing the property. Often times it’s the many months of listing and missed payments that lead to the most credit damage for the homeowner.
To learn more about getting an immediate offer on your property please visit the website for Third and Long Investments, LLC for Short Sale Help Texas
This website offers a free guide to homeowners that explains some of the issues when facing foreclosure. Please visit the "Free Report" link on the website for a free in-depth guide on short sales.
Friday, September 10, 2010
Short Sale Help From An Investor
It has been the “Year of the Short Sale” in 2010 with more and more homeowners choosing a short sale to avoid foreclosure. Recent projections suggest this trend will continue over the next 2 to 3 years as the numbers of mortgage defaults continues to rise.
Despite thousands of short sales closing each and every day, the short sale remains the most complicated, and often most confusing, real estate transaction for any homeowner. Many homeowners struggle to grasp the important aspects of the process that lead to a higher rate of short sale success.
One of the keys to a successful short sale is having a committed buyer in place.
This is important because many short sales fail to close because of buyer frustration with the time-consuming process. It isn’t difficult to see why. Typical retail buyers come in the form of families who need a home. Waiting 4 months or more for lender approval is not an option for many families. These delays leads many buyers towards other real estate options, such as REO, FSBO, and just a regular sale , that are much easier to close.
Many buyers fail to truly understand the steps and time involved in successfully closing a short sale. Therefore they tend to back out of the transaction before final lender approval. For the distressed homeowner, this buyer frustration often leads to foreclosure.
Are there other alternatives for the sellers? Yes! A short sale offer from an investor may be the help a seller needs.
A knowledgeable investor who understands and even expects the inevitable delays from lenders can be the solution for a homeowner. Unlike a family in need of a home, an investor can work with the long timeframe of closing the short sale. Having a committed investor involved is often the difference between short sale success and a foreclosure.
On this website, www.USshortsalebuyers.net, distressed homeowners will find a valuable and informative report on the key issues and questions regarding short sales in 2010.
The informative guide is available for free to any homeowner. To receive the report, simply visit the website and click on the “Free Report” link.
This guide offers an in depth look at how a short sale can benefit a homeowner. It includes a section on credit damage, examples of case studies, and a very helpful “Question and Answer” section for homeowners.
For immediate help, distressed homeowner are also strongly encouraged to use the “Contact Us” from on the website for any specific questions about completing a short sale and how an investor offer may help.
For Short Sale Help, please visit the website today for more information and your free guide on Short Sales.
Despite thousands of short sales closing each and every day, the short sale remains the most complicated, and often most confusing, real estate transaction for any homeowner. Many homeowners struggle to grasp the important aspects of the process that lead to a higher rate of short sale success.
One of the keys to a successful short sale is having a committed buyer in place.
This is important because many short sales fail to close because of buyer frustration with the time-consuming process. It isn’t difficult to see why. Typical retail buyers come in the form of families who need a home. Waiting 4 months or more for lender approval is not an option for many families. These delays leads many buyers towards other real estate options, such as REO, FSBO, and just a regular sale , that are much easier to close.
Many buyers fail to truly understand the steps and time involved in successfully closing a short sale. Therefore they tend to back out of the transaction before final lender approval. For the distressed homeowner, this buyer frustration often leads to foreclosure.
Are there other alternatives for the sellers? Yes! A short sale offer from an investor may be the help a seller needs.
A knowledgeable investor who understands and even expects the inevitable delays from lenders can be the solution for a homeowner. Unlike a family in need of a home, an investor can work with the long timeframe of closing the short sale. Having a committed investor involved is often the difference between short sale success and a foreclosure.
On this website, www.USshortsalebuyers.net, distressed homeowners will find a valuable and informative report on the key issues and questions regarding short sales in 2010.
The informative guide is available for free to any homeowner. To receive the report, simply visit the website and click on the “Free Report” link.
This guide offers an in depth look at how a short sale can benefit a homeowner. It includes a section on credit damage, examples of case studies, and a very helpful “Question and Answer” section for homeowners.
For immediate help, distressed homeowner are also strongly encouraged to use the “Contact Us” from on the website for any specific questions about completing a short sale and how an investor offer may help.
For Short Sale Help, please visit the website today for more information and your free guide on Short Sales.
Tuesday, August 10, 2010
The Cost of Strategic Defaults?
There is a cost to the homeowner.
There is a HUGE difference between “I can’t pay” and “I don’t want to pay”.
"I can't pay"? Work on a short sale which leads to faster financial recovery and the possibility of a new home with an affordable mortgage in just 2 years.
In 2 years?
Yes, only 2 years with a short sale.
Does it make financial sense? It sure could.
That home you bought in 05 for $400K is worth $230K today. Short sale now. Rent and save for 2 years. Buy a similar hoome for $180-$200K in 2 years.
Mortgage balance and payment are now affordable!
Short sale now...buy while the market is still down in 2 years.
“I don’t want to pay” - The Strategic Default group?
If you walk away you may be looking at no homeownership for 7 years!
Scorecard looks like this:
Short Sale with legitimate hardship can rebound in 2 years
Strategic Default with no hardship = 7 years
For a free 25 page report on the "Facts About Short Sales in 2010" just visit our website at:
www.HowToShortSaleNow.com
There is a HUGE difference between “I can’t pay” and “I don’t want to pay”.
"I can't pay"? Work on a short sale which leads to faster financial recovery and the possibility of a new home with an affordable mortgage in just 2 years.
In 2 years?
Yes, only 2 years with a short sale.
Does it make financial sense? It sure could.
That home you bought in 05 for $400K is worth $230K today. Short sale now. Rent and save for 2 years. Buy a similar hoome for $180-$200K in 2 years.
Mortgage balance and payment are now affordable!
Short sale now...buy while the market is still down in 2 years.
“I don’t want to pay” - The Strategic Default group?
If you walk away you may be looking at no homeownership for 7 years!
Scorecard looks like this:
Short Sale with legitimate hardship can rebound in 2 years
Strategic Default with no hardship = 7 years
For a free 25 page report on the "Facts About Short Sales in 2010" just visit our website at:
www.HowToShortSaleNow.com
Sunday, June 27, 2010
Distressed Homeowners Drop Out of HAMP
More and more homeowners are dropping out of the HAMP Loan Modification Program.
Some numbers:
- 436,000 have been disqualified or dropped from the program.
- 155,000 participants left the program in May 2010.
- With over 1.5 million applicants, only 340,000 have received permanent solutions.
The "permanent solutions" mean these applicants received a permanent change to their loan terms. In most cases it means a lower monthly payment. The question to ask...
"Is it enough?"
If past history is any guide the answer is "no!".
A large majority of homeowners who received a loan modification in the past 2 year fall back into default.
According to credit.com, a new report expects 75% of homeowners who receive a permanent loan modification will default again within one year.
Only 25% of the 340,000 are expected to make payments for the next year? That's only 85,000 homes remaining in the program after one year. This is only 6-8% of the total number of applicants. That leaves 90+% of distressed homeowners scrambling for answers after the failed loan modification.
Let's just say there may be a better way to spend $75 billion.
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