sell real estate: The Short Sale Process In A Nutshell
- 07/25/10 10:40 PM
Many people have heard the term short sale, but most are unfamiliar with its definition or process. Short selling has become more widely accepted in the real estate market in the past two years as a way to keep more distressed properties from entering into full foreclosure. A short sale is when a buyer makes an offer to the loan holder for a lesser amount than what is owed. This is often done on homes that are in pre-foreclosure or are already bank owned. As an example, a homeowner owes 300k on the mortgage. A purchaser offers the bank 220k for … (1 comments)
sell real estate: Short Sales 2010 Statistics
- 07/25/10 10:31 PM
Recent data from the national Association of Realtors has shown that the first half of 2010 has shown a slight increase in short sales among at risk properties. A 2.3% increase is the average for the nation. While some areas have higher amounts, many areas are showing less than 1% increase. Short sales have been promoted as an option to avoid foreclosure. Homeowners negotiate with the bank to sell their homes for less than the market value or the amount owed. As a way to keep more distressed homes from entering the market, lenders were encouraged to use this tool. However, … (0 comments)
sell real estate: Foreclosure Statistics 2010
- 07/25/10 09:44 PM
Foreclosure statistics for the first half of 2010 have been released; the results are mixed. For the first 6 months of the year foreclosures were down 5 % from the previous 6 months. This is a good sign, showing that mortgage modification programs may be helping and that the economy may be turning around. However, these same numbers were 8% above the same time period for 2009, a bad sign that recovery may still be far away. The next six months will be the deciding factor if the housing market is improving or not. The first 6 months of 2010 saw … (2 comments)
sell real estate: Home Buyer Tax Credit
- 07/10/10 02:55 AM
Approval of the extension of the Home Buyer Tax Credit, for first time home buyers, has given home buyers until September 30, 2010 to arrange a closing and still qualify for the $8,000/$6,500 tax credit. The original deadline was June 30, 2010 but due to data released in May 2010 revealing sharp declines in sales of existing and new homes and continued foreclosure activity, the House passed a new bill, the H.R.5623, extending the home buyer credit for new and existing home buyers. Home buyers that have entered into a contract on a home purchase by April 30, 2010, but having … (1 comments)
sell real estate: Steps Of Foreclosure
- 07/10/10 02:44 AM
Steps of Foreclosure begin when the lender is no longer willing to work with the property owner to bring the loan balance to current status. While there is no concrete law regarding the number of missed payments which must have occurred, some lenders are willing to delay longer than others hoping to avoid the cost, time and paperwork involved. Although foreclosure allows the lender to claim title and force sale of the property based on loan default, there are foreclosure steps which must be followed Default Notice requires the lender to inform the property owner by letter stating foreclosure is pending … (0 comments)
sell real estate: There are many resources to determine your house value
- 07/08/10 09:11 PM
There are a variety of different ways that you could use to determine your homes value. It is good to note your house's value can change throughout the year. A few of the reasons people would need to know what their house is worth is to sell their house, refinance, or to calculate their net worth when strategies retirement. There are a few ways to determine your house value: Hire a certified home appraiser to give you an appraisal on your home. Hiring an appraiser is also an option that will lead to the largest expense. Call a local realtor who you may be interested … (2 comments)
sell real estate: Foreclosure Prevention Numbers First Quarter 2010
- 06/30/10 08:04 PM
For the first quarter of 2010, there was a 75% increase in the number of people completing foreclosure prevention programs in this country. Even more surprising is the fact that the number of loans that were 60 or more days delinquent fell for the first time in two years this past quarter. These are astonishing facts, considering the large number of people losing their homes to foreclosure around this same time. Mortgage loan modification plans are becoming a popular way to prevent foreclosure, as evidenced by the above numbers. Within the last quarter of 2009, there were over two-thirds of loan … (1 comments)
sell real estate: US Home Prices Rise 0.8 Percent
- 06/30/10 07:39 PM
The Federal Housing Finance Agency has just issued their monthly report about house value and sales. The report shows that home prices increased by 0.8 percent from March to April 2010. This increase is a good sign of recovery in the housing market. The report shows that the increase in house value i may be due to the deadline of the first time home buyers programs that ended April 30th. To qualify for the credit, buyers must have been locked into a valid home purchasing contract prior to this date. The report also shows that the incentive for down payment assistance … (0 comments)
sell real estate: How Much Does it Cost to Sell my House with a Realtor?
- 06/23/10 07:38 PM
If you need some assistance in selling your home, odds are that your considering contacting a realtor. Also, you are probably wondering what will be the realtor cost. This will vary with different realtors and agencies, and you will decide all of this and put it into a contract. Sales are statistically proven to be more successful when a person involves a realtor in trying to sell their home. The advertising and networking a realtor does is vitally important, especially in this economy. You may not want to give up that 6% or 7% of revenue, so you have to answer … (0 comments)
sell real estate: "Real Estate Leads" the Way to Better Real Estate Sales
- 06/22/10 07:25 PM
A real estate lead is information collected about someone who is potentially interested in buying or selling property in the real estate market, or interested in having the value of a property assessed. When collecting information about a lead, from any source, it is important to record key contact information of the persons interested such as name, e-mail address, phone number, and an available mailing address. This information is important in order to establish contact with potential buyers and sellers so as to let them know what services you are able to offer in any property transactions they hope to make. … (5 comments)
sell real estate: Selling Home in Los Angeles: An Upward Trend for April 2010
- 06/20/10 10:39 PM
Throughout Los Angeles, home sales were up for April of 2010. The perception that homes cannot be sold in this real estate market is proving to be false. With all types of homes being sold for great prices, it is still a great time for sellers to sell their home if they are considering it. Los Angeles realtors are very accessible and able to answer all questions you have regarding the home selling process. This article will discuss some of the areas in L.A. that are displaying an upward trend in selling homes for 2010. Lancaster is one of the up … (1 comments)
sell real estate: Philadelphia Pennsylvania Home Selling Statistics – What You Need To Know About The Current Marketplace When Selling A Home In Philadelphia
- 06/20/10 10:34 PM
If you have been thinking about selling a home in the Philadelphia area in the near future, then there are some Philadelphia Pennsylvania home selling statistics that you should be aware of to help guide you through the process. The real estate market is constantly changing, so it makes sense to be armed with the most current information before putting a home, or condo on the market. When planning a strategy for selling, there are three major areas of information that a person should keep their eyes on, as they go forward with the process. The Market Action Index (MAI), the … (0 comments)
sell real estate: Foreclousre Rates - Have We Hit Bottom Yet?
- 06/29/09 03:07 PM
One way to determine if the state of our economy is improving is by monitoring foreclosure rates. Foreclosure rates across the country vary in different regions.Foreclosures can signal a huge change in the real estate market. While they can be hot deals for buyers looking to purchase large properties at a fraction of their valued cost, the impact foreclosures have on the market overall can be a highly negative one. Foreclosed homes are typically in disrepair and a crumbling mess long before the bank steps in to take over. In addition, selling a home that is highly undervalued will undercut overall … (1 comments)
sell real estate: Low Mortgage Rates Will Help Some Of The 420,000 ARM Mortgages Due To Adjust In 2009.
- 02/07/09 12:56 AM
According to the Treasury Department over 420,000 home owners mortgages are going to adjust this year. These are home owners who purchased homes with adjustable rate mortgages, some of whom tried to make a quick buck off the real estate boom. Others purchased their home using a hybrid mortgage so they could afford a larger home in hopes they would be able to refinance in a couple years to a lower rate.Well, their time has come and this year their rates will adjust. The good news for many is that interest rates are at an all time low. So low in … (1 comments)
sell real estate: Falling Real Estate Prices Taking Over The Economic World
- 08/06/08 03:42 PM
When will the falling house prices finally plateau? This question is on the lips of a number of real estate market analysts and investors who are looking for the promised turnaround in a housing sector that continues to disappoint. Although regulations are becoming more stringent in the lending market and the real estate sector has seen some overall positive trends, the big factors of foreclosures and a reticent buyer attitude has continued to make property prices fall.Some home analysts are wondering where the bottom prices are. For millions of American homeowners, the same question is being analyzed. With a stalled real … (0 comments)
sell real estate: The Right Contractor to Fix My House for Sale
- 06/24/08 01:34 PM
Home improvement has become a hot topic and even hotter investment over the years. Many people are adding on and upgrading, educating themselves on the right home improvements and additions that will make their home and financial investment stronger so they can sell their house fast.One of the top tricks to home improvement, however, is labor. From the start of the project to the end result, if you do not have a lot of experience in home construction, the best suggestion is to get the right contractor. If you do have experience in home construction, but will want a helping hand, … (0 comments)
sell real estate: Why Home Sellers Accept Low Price Offers
- 06/23/08 06:59 AM
Some realtors will tell you it is a buyers market. Other times, realtors will rejoice that it is a sellers market. No matter what the season for real estate holds, one thing remains true, every buyer wants a lower price and every seller wants the highest price possible. It is possible to learn how to offer a low price on a home for the highest benefit for the buyer.Currently, wise home sellers are not instantly rejecting offers that are coming in well below their asking price. With the number of homes on the market in their neighborhood combined with personal motivating … (0 comments)
sell real estate: Tips To Sell My House Fast
- 06/18/08 03:48 PM
Although the real estate market might be a bit slow right now, there are always things you can do to speed up the sale of your home and you dont have to spend a ton of cash to make it happen. You can find small amounts of well spent cash that will turn your property into a show stopper that everybody will want to buy. You need to improve your chances of selling and get the best price possible for your new home.If tons of cash comes to mind when you think of the word home renovations, think again. Although the … (0 comments)
sell real estate: How You Are Affected By The Foreclosure Next Door
- 06/11/08 05:27 AM
Your neighbor is facing a foreclosure. Not your problem, right. Think again. If you have a foreclosure in your neighborhood even if you are not struggling to pay the mortgage in your own home, it can spell trouble for your property. If you think the foreclosure crisis spells bad news for a number of individuals, but will have no impact on you, you are wrong. There are a number of reasons you should help your neighbor avoid foreclosure is you can.Millions of Americans are losing their homes, but the impact is that these neighborhoods are drastically changing. If you live in … (0 comments)
sell real estate: Housing Prices Will Rebound in 2009 - But What if You Need To Sell Now?
- 05/05/08 11:50 AM
The real estate market peak, summer 2005 was a great time to be selling a house. All you had to do was post a For Sale sign in the front yard and you could expect multiple offers within days. Many times you would receive offers from individuals searching for homes FSBO and also offers from home buyers who had representation by a real estate agent.Well summer 2008 is just around the corner and the real estate market is very different from three years ago. If you take an afternoon walk in any major subdivision you will see real estate for sale … (0 comments)
Many people have heard the term short sale, but most are unfamiliar with its definition or process. Short selling has become more widely accepted in the real estate market in the past two years as a way to keep more distressed properties from entering into full foreclosure.
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