This 3/2 home located in the bedroom community of Hemet Ca.

comes complete with a built in swimming pool and fully hard-scaped

 back yard for easy maintance. It is currently being offered at

$124,900. Contact has been made with the bank and we are just

waiting for an offer to finish the package for a successful short sale.

There are two schools near by making this an easy

choice for your young family or helping find long term renters. The neighborhood shows very well and is

also located near convenient shopping. The shopping includes one Southern California's favorite markets

 Henrys.  If you're looking for an affordable way to own a pool home, this could be

it.http://www.soldbybarr.com/ click on my web site for easy access to the local MLS.

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  •      Oh no, we received an offer, now what? I can remember not too, too long along when I received my first offer on my first listing. Oh no, we received an offer, now what? 
•       Call the bank and inform them that you are trying to sell your client's house and that the market value is less than what is owed therefore it is being sold short of what is owed. (Please note that this is not intended to be used as a script but only as a guide.) Ideally the conversation should be an informational session. Basically, the bank rep will have a scripted response, which if you listen carefully, will impart to you what you’ll need to provide the bank to obtain the coveted answer. Here are some of the items they may want:
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    •    1.)Two months in a row bank statements. 2.)W-2 statements. (Profit and loss statement if they were self-employed.) 3.)Authorization form.(signed by your seller) 4.)Hud-1. (You can get this from your favorite escrow officer.) 5.)Contract. (As in you have obtained an offer from a ready and willing buyer. If you have no offer, you don’t get to do any of the above.) 6.)Pre-approval letter from buyer. 7.)Listing agreement.                                                                                                   These are just some of the things banks may want in the beginning stages of the short sale process. The requested items may vary from bank to bank and from state to state. Check with your local Board of Realtors to make sure you have all the proper state forms. Some helpful tips: Be sure to get the needed fax numbers. Also they may have a direct line other than the number you called. Find out and make note of the new number. The next Anatomy of a short sale will cover what happens after we put the package together.

To contact me go to:http://www.soldbybarr.com

Lets face it we live in the information predicted along time ago. As soon as someone figures something out its "posted" on the world wide web and if we are not careful we might just learn something new. So some new information that I learned yesterday was that short sales will be eliminated as a result of the bail-out. It'll be interesting to follow this possibility and see what happens. From the other posts on Activerain and other sources fellow agents make a good case for this to take place. The premise for the end of short sales is that banks will be motivated to modify folks loans who have run into tough times. In 06" my colleagues and I were asking ourselves why more banks were not doing this. I guess now they will have the motivation to start to work out some of these troubled loans.

As the song goes "seasons change and so did I you need not wonder why". I've been doing some soul searching and making mental lists of all the new things that are part of my way of doing business. Blogging has been the most rewarding so far. Not only do I have a blog to send people to but I sit on top of almost any information that I might need to be a better real estate professional. What if I wasn't open minded to new ideas of marketing my services? What if I was too proud to listen and act upon advise from people who know what they are talking about? ect.. Change is inevitable. In fact the only thing for sure is change. Not new thoughts but they are so true in this current market we are in.  I was going use the Byrds "for every season turn, turn.." but I'll leave for another post.

Where were you when you first heard this expression? I was somewhere on the planet probably at a sales meeting of some sort. Some one was "sharing" a story they heard about a guy who had a habit of paying for the person behind him while standing in line at a store. This reminds me of the saying "do unto others". This is something that is difficult to do when times are shifting but I think its more important now then ever to do so. So then how do we get ourselvess in the right frame of mind to "pay it forward"? First we must be committed to the certitude that this is a truism. Second we must take action and do it. This isn't something to only speculate about but rather this is also a call to action. Thirdly we must be consistent with it. We can't expect to get results from a few feeble attempts.

Do these two images go together when you think of short sales? I have found that being "nice" to the person on the other end of the phone, who is there to help, makes things move more expeditiously. After all isn't that what we all want a speedy operation? And I think operation is a good way to describe the process we all have to go through in order to get these deals done. I have found that being humble but firm is the best emotional state to be in when pursuing a short sale. Something as simple as being polite can make things go smoother on a other wise rocky road.

With banks heading to the hills or where ever they go when they shut down, the time to have access to a reliable lender has intensified. A reliable lender can be designated by their aptness at adjusting to shifting markets. Please note that I'm not a lender but its no secret that we agents can't perform our jobs effectively without the support of the financial institutions. So a good agent will have access to good lenders. We shouldn't take these people for granted.

All the houses I looked at for my clients back in June have all been sold. They were are all banked owned properties and all located within two blocks of each other. There are only two properties on the market in this particular area of Murrieta. Neither were there at the time of my sell. My advise is still the same if you find the property you like and can afford it buy it because it will not last. Something else to keep in mind is that it is more important then ever to have a buyers agent who knows how to get the job done.

Now I know what they meant by it. There are so many choices in the market place that its hard to pick the right one. This process is helped by the fact that banks are receiving multiple offers but it is still a struggle for some folks to choose. Of course I'm talking about the current real estate market here in Southern California. I have clients who are finding three and four properties that they could easily live with. Patients on my part is paying off. By not rushing people to make a decision when they are not ready I will continue to have a happy clientele base. It can be very over whelming to choose a house in today's market. You can see for yourself www.soldbybarr.com