This blog discusses some of the potential pitfalls that can arise when couples divorce. The pre-foreclosure issue is especially important to address as well as any potential short sale. We've dealt with divorce situations where the husband and wife were not communicating at all and we worked with each person individually to result in a successful sale. The sale of the house is typically the largest part of the assets that need to be dealt with.
During the process, it's so important to keep all of the details confidential and let each party vent without getting involved in the divorce itself. All real estate transactions should be kept confidential of course, but it's even more crucial when it comes to divorce situations.
Sally & David Hanson are the Realtors of choice in Southeastern Wisconsin and if you are in or around the Crofton, Maryland (Ft. Meade/Annapolis areas), David & Lisa Webber are the ones to call. We also offer a consultation to discuss your individual situation, whether you have enough equity to be able to sell your house and/or any investment property without being in a short sale situation. If you do find yourself "short", we are experts with short sales and have a system that has gotten us really quick approvals so that everyone can move on with their lives.
To list your property for sale or to purchase a property in Anne Arundel or Howard Counties as well as parts of Prince George’s, Calvert, and Baltimore Counties, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the homes available for sale in Maryland, click here for your FREE ListingBook account and search like a Realtor does.
Divorce can present some interesting challenges in real estate....for both the Sellers and the Listing Agent(s). One of the more recent and most devastating moves in this game has been what we'll call the "Behind Closed Doors Financing." Or perhaps...not financing. In most marriages, the bill paying, inclusive of the mortgage payments falls to one spouse. One person is responsible for healthy credit scores....staying on top of the family finances...timely credit card payments, current taxes...etc. The other spouse may well be....and often is...oblivious to this process...they know that the heat is on, the lights work, there is food in the fridge and gas in the car so everything must be fine...Or IS it ?
We have taken extensive training in Divorce....the communication....and more often, the lack thereof....and are the only Realtors in Wisconsin with a unique set ofeducational qualifications...REDS (Real Estate Divorce Specialists)CDPE (Certified Distressed Property Experts) and members of theInstitute of Luxury Home Marketing.
One of the conditions we have encountered recently is the "financial spouse" who has been the bill payer, credit keeper, checkbook balancer....has become intentionally absent minded when it has come to paying mortgage payments. Ms/Mr. "Old Reliable" has decided to put the money away for the "great escape" from the marriage...paying the divorce lawyer, the security deposit on a new apartment, etc. The late notices are hidden from the other spouse....and months later foreclosure looms when the lender becomes impatient when requests for payment have gone unanswered.
The end of a relationship is never pleasant...the entanglement of real estate, support payments, the anger and emotion that are woven throughout this tumultuous time require seasoned professionals on many levels...legally, financially, emotionally and with real estate...homestead and investments. If you are in southeastern Wisconsin and are divorcing, call the couple that can offer assistance with your real estate...give you an honest evaluation of your real estate and recommend other professionals to help you through this difficut time in your life. Sally K. and David L. Hanson have the education and successful experience in this area to help you take the next positive step in beginning a new chapter in your life.
Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS
Since the market turndown and all of the bank bailouts, everyone has heard about how much harder it is to get a mortgage loan. For the most part, things have gone back to how they were prior to the early/mid 2000's as far as having to qualify and show the bank that you can afford the home. Underwriters are scrutinizing the loans like never before, and you have to make sure you have written justifications for EVERYTHING including the random odd bank deposit, any additional income outside of your standard hourly rate, any discrepancies in your credit report, and many more items.
The most difficult financing to get now is for those who are self-employed. I'm not a mortgage lender, but this article gives you some good information about what you may face when trying to get a loan as a self-employed person. The author, David Rahn, also goes into the Dodd-Frank Act and that banks MUST verify income now which means there is no such thing as a "stated income" loan anymore either; you can only use your adjusted gross income to qualify - that is the income AFTER all of your deductions as a self-employed person!
Fair or not fair (I say not fair!), this is what we as self-employed people are facing now. If you would like to see how much of a loan you will qualify for, let me know and we'll refer you to a good local lender who can take all of your individual information and find out what the best loan for you is. Even if you are not looking to make a move at this point but are considering doing so in the next year or two, you may want to meet with a mortgage lender now so that they can let you know what you can do now while you are planning, in order to qualify for the best loan program for the type of home you'd like to live in. Now more than ever before, you need to do your homework and prepare so you can get what you want!
To list your property for sale or to purchase a property in Anne Arundel or Howard Counties as well as parts of Prince George’s, Calvert, and Baltimore Counties, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the homes available for sale in Maryland, click here for your FREE ListingBook account and search like a Realtor does.
The Senate has just approved going back to the higher conforming loan limits that expired on September 30th of this year. This is so important for buyers looking to purchase homes in the Crofton Maryland area as well as surrounding towns around Fort Meade. There are several towns in Anne Arundel County where home prices are fairly high but the loan limit currently for conforming loans is only $417,000. The Annapolis, Davidsonville, and Crofton areas as well as into Odenton should be treated more like a Washington DC suburb in my opinion.
The House of Representatives now has to approve this ammendment.
Here's a link to an article on DSNews with more information:
As Realtors, we cannot give you mortgage advice but if you're contemplating making a move or want to discuss how this might affect your situation, give us a call or email and we can recommend good local lenders who can crunch the numbers for you and explain all of the options that are available in today's market.
To list your property for sale or to purchase a property in Anne Arundel or Howard Counties as well as parts of Prince George’s, Calvert, and Baltimore Counties, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the homes available for sale in Maryland, click here for your FREE ListingBook account and search like a Realtor does.
This is so true! When sellers are looking for a Realtor that serves the area within about 30 minutes from Ft. Meade, they call us to list their home. We don't work the entire state or out of the area. It's just not practical or in the clients best interest. If a buyer is moving into Laurel, Elkridge, Savage, Ellicott City, Columbia, Hanover, Glen Burnie, Pasadena, Millersville, Crownsville, Severn, Odenton/Crofton, over to Severna Park, Arnold, Annapolis, over into Bowie and in Silver Spring, we know those areas and can work with them. We've also sold home just over the Bay Bridge. Ocean City? Once because it was a close friend, but typically we'll refer those out. If they are looking out into Western Maryland, out into Carroll County, it's better for us to refer them out to Realtors who are more familiar with those areas.
Local agents know their towns better than anyone else. We firmly believe that using a local Realtor® is in your best interests and in this post we will give you reasons why local is the only way to go.
5 REASONS WHY USING A LOCAL AGENT IS BETTER
1. Superior Market Knowledge - A good local agent knows the inventory inside and out and will be able to more easily pick out homes that are a good fit for you.
2. They Know The Schools - A local agent will have personal experience with the school system and be able to share valuable information with you.
3. Neighborhood Experts - A local agent not only knows all the specific neighborhoods, but often has friends and clients in each one that can be made available to you if needed. Our clients always appreciate hearing from people who live in the neighborhoods in which they are considering.
4. Strong Relationships With Other Agents - A good local agent will network with other local agents to get information that you will never find on line. We will know about homes that may be coming on the market in the future or learn about a seller who has suddenly become "highly motivated" and is open to offers.
5. In The Know - Real estate gossip gets discussed in small circles in every community, like at PTA meetings and at the local softball field. While most agents will never learn this "insider information", a local agent hears these things and will share them with their clients.
LOCAL IS SAFER
If you are ever looking to buy or sell a home, remember that a real estate transaction is very complicated, involving a lot of money and risk. A local agent is always the safest choice.
If you liked this post, please subscribe to our blog. We always appreciate having new readers and more importantly, enjoy making new friends.
Here are some others that may interest you as well:
This is a very timely reminder about the role that the underwriter plays in a transaction. Just this week we had a transaction nixed by the underwriter. We do understand her concern; this is a waterfront property that is being purchased as an investment. In the future, the tiny 450 square foot home is going to be torn down and there will be a large home built in it's place. But for now, the buyers are in a home they have lived in for several years, a large home with a waterview just a few streets away. Their dream is to be waterfront and with the prices so low right now and the interest rates at record lows, the buyers decided now is the time. The initial loan was supposed to be a conventional investment loan with 25% down. Everthing was going as planned. The offer was negotiated and we went back and forth several times until it was finally approved.
The appraisal came in about $50k low than the offer price, which wasn't too surprising. The problem was finding appropriate comparable properties for the appraiser to use to justify the value of the offer. It seems that the underwriter did not like the appraisal and she has decided that the offer as is will not be funded. The underwriter is the ultimate decision maker as far as whether the loan will be approved. There were 3 different reasons this particular loan was rejected and the one that is the most important (we think!) is the land to home (improvement) value which is 92%. According to the appraiser, that exceeds the maximum for Fannie Mae or Freddie Mac purchases so it is not considered a conforming loan that can be easily sold on the secondary market.
We were going to petition BB&T to keep this loan as a portfolio loan but fortunately we have a back up. Our client is going to do a VA refinance on her current home and then take an additional $90k out of her 401k - she can take that out as a loan to buy real estate and pay the loan back TO HERSELF with interest! What a great way to invest in real estate!
We've had to request a one week delay as this will take longer than a week to get approved. When you do a refinance, you have a 3 day right of recision which will take us past settlement. Hopefully this will work so buyer and seller will be happy!
See below for a mortgage loan officers take on the importance of the underwriter in a real estate transaction!
Yesterday I was at an event with a group of my favorite REALTOR organizations and, as always, the chat eventually turned to how crappy some other lender is. I was listening, politely, and understanding some things the agent may not have understood about how loans can get askew during the process until they said, "You know, these underwriters think they can just ask for anything from us!"
Right on. They can.
Underwriting guidelines are there for a purpose - to serve as a guideline for making wise lending decisions. Underwriters do have the "right" to ask for additional supporting documentation in many instances especially if other guidelines are only marginally met.
If you knew an underwriter personally you would know they have a responsibility to the originating lender and ownership of that loan for the remainder of its life. If they make too many lending decisions which result in loan defaults, especially early payment defaults (EPD) not only can they lose their job but they can lose their Designated Underwriter (DE) approval to underwrite FHA loans.
Undewriting is not a joke.
Underwriting is one of the most crucial components of loan issuance or denials. Certainly you, your buyer, your seller, the loan officer, and others have the right to question or dispute an underwriter but ultimately not only can they require additional supporting documentation but they should and must.
Can an underwriter be wrong? Yes! The best way to overcome the opportunity for an underwriter to be wrong is by working with an experience, licensed, Mortgage Loan Originator who works for a recognized and respected mortgage lenders.
Social Media Edge Radio - seriously true professionals who won't misguide you with some crap they made up to sell more books and seminars. Every Tuesday at Noon eastern.
REtechRadio - part of the REtech family. Great tech information and updates from people who have the answers, people who speak and product and service users.
Ken Cook - Community Outreach Leader Southeast Region (I make friends, handle social media, SEO/SEM/SMO that's my job :) - We do FHA, USDA, VA and Conventional Home Loans (678) 439-8683 NMLS ID 208452
My employer: AmericaHomeKey, Inc., 2300 Windy Ridge Parkway, 8th Floor North Tower - 840N, Atlanta, GA 30339. NMLS ID 102930. Georgia residential mortgage licensee 23191. Equal housing lender.
Interesting article by a guy who used to run a real estate office that catered to people who wanted to go the "For Sale By Owner" route. As he alluded to, when you sell by yourself, you don't always make as much as you'd expect. You'll "save" the commission, but may lose on the price or have difficulty keeping the transaction together. Some people are certainly very good at selling themselves, if they have the knowledge and the time. Most do like to use the expertise of a Realtor to help with the transaction. I have to disagree about choosing a Realtor by the car they drive - really? Too bad some people judge others by the cars they drive but that doesn't necessarily mean they are the best people for the job or the Realtor you are going to feel most comfortable working with. Dave does drive a Mercedes but don't hire us based on that - hire us because we are GOOD and easy to work with!
Forbes.com has published one of those silly For Sale By Owner glorifying articles we sometimes see and the advice in it is so poor it borders on comedy. I've blogged before on the trainwrecks I saw when I ran a flat fee MLS for sale by owner assistance business, and I feel quite qualified to answer.
They start with Exhibit A, Barbara Marquardt, who estimates that she's saved $30,000 in commissions over 20 years selling her homes herself without a broker. I firmly believe that this is the truth. Ms. Marquardt has indeed avoided paying $30,000 in commission. When I ran my FSBO firm we had dozens of people not pay hundreds of thousands in commissions as well.
Note that I said "not pay." I didn't say "save." Because regardless of Ms Marquardt's case, which has no evidence but her own assertions, the transactions I saw varied from passing gas in an elevator on a first date to full-blown train wrecks. Selling a $500,000 house for $465,000 with a drama-filled 4 month contract period isn't saving money. And that was on the kinder side of typical transactions we saw.
The next jewel of advice came from the article author, conceding that some properties, such as an upscale, 7-figure home should have a broker. The criteria for hiring an agent? They needed to drive "a Lexus, Cadillac, BMW or Mercedes."
Wow. Not have experience, references and a proven track record. Just be able to avoid the repo man. Great advice.
There were other golden nuggets, such as reducing brokers to middle men, which, as I commented, belies a fundamental misunderstanding of the industry that is so terrible it really didn't edify the Forbes platform.
The only piece of advice worth taking was the sage thought that sellers have to view the transaction objectively, like a business transaction.
That's the trick isn't it? If there is a challenge even the best broker faces, it isn't unlocking doors. It is unlocking the mind of a biased seller who may be sophisticated at computer programming, testifying before a grand jury or removing a cancerous tumor but only sells a house once in 20 years and is out of their depth, much as they might hate to concede it.
Hardcore FSBOs are all too often more committed to a suicide pact of avoiding a commission rather than seeing the big picture. They'll avoid help which could net them tens of thousands more with the same obstinacy that my 7 year old daughter dispays when she wants to braid her hair all on her own. They don't care if they look like a dyslexic Princess Leia after she lost a fight with a hair dryer. It's their party, and they can trash it all they want.
This little-known way to help young couples save up their downpayment. What a great idea - have all their friends and family help contribute to the 3.5% they need for a downpayment on their own home!
In the Fort Meade area, it is now cheaper to OWN than to rent. It's so wonderful to see young couples be able to begin to build their lives in their own homes rather than paying someone else's mortgage!
Are you planning to get married and buy a home in Colorado, but wonder where your down payment funds will come from?
FHA has a Bridal Registry program where the money you receive as a wedding present can be used towards your down payment. Just like registering at a specialty or department store, the FHA Bridal Registry program allows you to register with a lender. Then your friends and family are able to make gift payments into an interest bearing account on your behalf.
It's a win win! Not only can your gifts earn interest, but they can be used as a down payment towards an FHA Loan.
Bridal Registry Guidelines
Bridal Registry Accounts were originally introduced in 1996, but still remain a little known fact when it comes to down payment assistance. The misunderstanding of how this program works might be the fact that it was originally only allowed by banks. Soon after, FHA modified the program and offered new flexible options and the opportunity for the newlywed to set up the account at any bank. Plus, newlyweds are now able to make deposits on their own from the gifts they receive.
Here's how it works in 3 simple steps:
You will open a savings account at your bank prior to the wedding
Friends and family will be given the banking information where the gifts will be deposited
All of the gift funds can go towards the FHA required 3.5% down payment
Anyone with an interest in the purchase cannot be party to the gift funds (i.e. realtor)
There is no requirement that you be married prior to closing on your new home
Another huge advantage is that there are no gift letters or other documentation required other than proof of your savings account named "bridal registry account." It's that simple!
AGENTS:Marketing Ideas to Spread the Word in Your State
Explain it on your website
Blog about it
Let your “to-be-married couples” know about it
Send an email to past clients
Attend wedding fairs & distribute brochures
Mention it at your homebuyer seminars
The great news about this program is it is available Nationwide!
To learn more: Check out our FREE Top 20 Homebuyer Secrets that can save you thousands of dollars! Plus browse our Home Buying Resources section and fill-out a free no-obligation secure online application or call us in Colorado Springs, Colorado at 719.387.1368 with any questions.
Bad credit or No credit? Check out our Credit Repair Program and get started on the path to homeownership today!
Newlyweds say "I DO" to FHA Bridal Registry Gift Funds was written by Rebekah Radice.
Rebekah's Mortgage Grapevine (unashamed plug) provides insight, education and musings on anything from mortgage lending and real estate, to social media, marketing and all things relevant to your everday success! If you want to learn lots of cool things, have your thoughts provoked, AND be entertained, be sure to hit the SUBSCRIBE button to the right!
This is the time of year that a lot of people are moving and the Nigerian scammers are out in full force.Below is a real e-mail exchange that took place when a Nigerian scammer hijacked one of my listings.This listing is a rental home in Baltimore County that they are asking $1400 per month for and at that price we’ve gotten a ton of showings.The only reason it’s still available is the landlord has turned down several applications because of credit reasons.The scammer put the same house up for rent for $700/month and looked up the owners name in the property records and made up an email address with the owner’s name in it! I took out the names of the real people to protect their privacy.
Before reading this remember, if a home is available for rent, you will be able to see it on the inside before paying for it!Some agents will ask that you fill out an application or submit a credit report initially only because they want to see if you would qualify. Here in the Ft. Meade area, the rental market is fairly fast moving and it is difficult to get people approved who have questionable credit (late payments, open collections, judgments) approved.In some cases it’s easier to get a mortgage than be approved to rent a home!
DO NOT GIVE OUT PERSONAL INFORMATION in an email to a stranger!This guy FILLED OUT much of the information the scammer asked for so now some guy in Africa has his address, children’s names and ages, relatives, etc.
If the rent advertised on Craigs List is HALF WHAT EVERYONE ELSE IS ASKING FOR RENT that should be a big red flag.Landlords and property managers are not stupid and you are not going to get a deal like that unless your Daddy owns that house.If they can get $1400 they may take $1300 but why in the world would they advertise it for $700.
I am really surprised that people are still falling for this, but this one happened just this past week.If you hear a friend talking about anything that sounds like this, refer them to this blog.If the home is listed in the MLS, a licensed Realtor can confirm the amount of rent and there are Realtors who will help you rent a home in the Ft. Meade Maryland area and you won’t have to send Western Union payments to Nigeria.
By the way, this gentleman fortunately contacted a licensed Realtor who explained to him what was going on and showed him this property yesterday.
Check this out:
From: G Subject: Re: Property on Craigslist To: "D E” Date: Friday, April 22, 2011, 11:29 AM
Hello Mr D ... I'm having problems printing your application. Could give me a call please.443 xxx-xxxx. . Im really interested in renting your property. As soon as possible...
Email from Scammer:
Importantly this rent agreement and payment is made with one bond of trust and under all sincerity of the heart. the payment should kindly be transferred through a western union money transfer agent/outlet/post office. This is a very easy and secured method of making international money transfer, i will send the keys and document to you via FedEx courier services to the address you send to me and the tracking number will be sent to you so that you can possible occupy our house,
Payment receiver's name: D E(This was name of real owner!) Receiver's address: 187,Ecwa church ,Ikeja, Lagos, Nigeria . Zip: 23401 Payment transfer Test Question: Who is the Greatest Payment transfer Test Answer: GOD Amount transferred: $700
I will want you to get back to me with the Western Union Information given to you 1.Full senders name : 2. Senders full address : 3. MTCN ( 10 digits ) : 4. Test question and Answer : 5. Amount sent :
Regard and God bless you, D E Address: 187,Ecwa church ,Ikeja, Lagos, Nigeria . Zip: 23401
--- On Sat, 4/23/11, G wrote:
From: G> Subject: Re: FILL THE RENTAL APPLICATION FORM To: "D E
Date: Saturday, April 23, 2011, 5:09 AM
Please Kindly confirm your interest by filling the form below: TENANT RENT APPLICATION FIRST NAME:_________________ MIDDLE NAME:_____________ LAST NAME:______________ PROFESSION ASSISTANT MANAGER At xxxx PHONE (cell) PHONE (work) PHONE (____)__________ (HOME) MARITAL STATUS:WIDOW
KIDS YES (YES/NO), HOW MANY PRESENT ADDRESS: CITY:_ STATE:MARYLAND_____ ZIPCODE: HOW LONG?_5 +YRS
IF RENTING WHY ARE YOU LEAVING?_NEED MORE SPACE _________________________________________ CURRENT RENT:1000.00 PREVIOUS ADDRESS:___________________________ CITY:________________ STATE:_______________ ZIPCODE:_____________ HOW LONG?____________ IF RENTING,HOUSE. WHY DID YOU LEAVE? _______________________________________________________________________ PREVIOUS RENT:_______ IF THIS house IS BEING GIVEN TO YOU, HOW LONG DO YOU INTEND STAYING? 3+ YRS WHEN DO YOU INTEND MOVING IN?_JUNE 1ST___ PERSONAL REFERENCES (LIST 3 PERSONS, OTHER THAN YOUR RELATIVES, THAT WE CAN CONTACT TO VERIFY YOUR CHARACTER.) FIRST PERSON FIRST NAME:______ MIDDLE NAME:______________ LAST NAME:________ RELATIONSHIP_FRIEND____ PHONE ______ SECOND PERSON FIRST NAME:_ ____ MIDDLE NAME:______________ LAST NAME:__________ RELATIONSHIP_FRIEND________ PHONE ________ THIRD PERSON FIRST NAME:__________ MIDDLE NAME:______________ LAST NAME:_________ RELATIONSHIP___________ PHONE _________ EMERGENCY (IN AN EMERGENCY, LIST 2 PERSONS THAT CAN BE CONTACTED STARTING WITH NEAREST RELATIVES) Looking forward to hear from you. Your full information will be used to process all documents that will be coming together with the keys leading to the house and this will come to you through DHL / FEDEX courier service. Get back to me asap Thanks CALL ME WHEN YOU RECEIVE THIS INFORMATION PLEASE!!!!!!!!!!!! <!--[if !supportLineBreakNewLine]--> <!--[endif]-->
To list your property for sale or to purchase a property in Maryland, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the Maryland Homes For Sale Click here and then click on Property Search on the left hand side. We know Anne Arundel, Howard, Calvert, Charles, Baltimore, and Prince George's Counties and look forward to the opportunity to serve you.
We get questions about short sales all the time and why they take so long to be approved. Renee makes some great points here. If you need a short sale specialist in Las Vegas, she is the one to call. If you ant to discuss your options and either have assistance short saling your home here in Maryland or would like to purchase a short sale property, give us a call!
To list your property for sale or to purchase a property in Maryland, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the Maryland Homes For Sale Click here and then click on Property Search on the left hand side. We know Anne Arundel, Howard, Calvert, Charles, Baltimore, and Prince George's Counties and look forward to the opportunity to serve you.
I have a very close acquaintance that is purchasing an “approved”short salehome in another city and is frustrated. To protect the innocent, Iwill call him “dad” from now on.
Dad called me the other day, very frustrated as mentioned, annoyed with the banks taking their sweet little time on his “approved”short sale. He has bought the furniture and cannot understand why they cannot close on this “approved”short saleASAP.
I had to explain several things to dad about “approved”short sales. First of all it has to be determined at what capacity the short sale was “approved”. Did it have a buyer that walked away? Did the servicing company mention to the seller that there is no workout solution available to them and they should “try” toshort sale? Did they attendforeclosure mediation(Nevada specific) and was a short sale mentioned as a possible solution?
That brings other questions: Who is the servicing company? Who is the investor? How many liens? Is the HOA current? (and so on and so forth.)
Basically none of the above matter because an “approved”short sale– no matter the scenario – still needs to be approved for the buyer specific. New accepted buyer offers will need a new approval.
Even if it seems like a “slam dunk” situation where dad can waltz in, many things can still happen in the approval process for the new buyer:
HOA can go delinquent or other liens may appear
Vacant homes may experience deterioration or vandalism which may affect the ability of the home to be financed
Servicer can order a new appraisal orbpowhich comes in high and can skew the whole situation
Servicer may not think this is an arm’s length transaction
Then the question comes up – how long will this re-approval process on a short sale take? Well for the most part it isn’t that long, you should know within a month – typically. But it can be anywhere from two weeks to two years. Hope that narrows it down for you dad!
The problem withshort sales is that so manyshenaniganscan be pulled that the banks want to make sure that everything is in place: valid hardship, solid pricing, arm’s length & so on and so forth (again.) Every new approval will have new price, terms & conditions that the sellers will have to sign off on. These price, terms & conditions may have lasting consequences for the sellers and they do not have to accept the terms and conditions if they don’t like them. This means the home may not be sold via short sale.
There are no concrete rules or answers in theshort salegame (purchasing or selling). Eachshort saleselling scenario is like a thumb print – no two are alike.
Unfortunately. The only thing “short” about a short sale is the payoff amount.
As most people know, marketing and advertising your home for sale is much different now than in years past. In this market, extreme internet marketing is a must - you never know where your buyer is going to come from, especially in the Fort Meade Maryland area.
You'll want your Realtor to obviously start with the basics, display a nice sign in the yard for anyone driving by that may not have seen it on the internet. It also shows your neighbors that your home is for sale - who knows, they might have a friend they'd like to recommend the neighborhood to.
Make sure they take good photos. This is a MUST. You are not selling your furniture, you are selling the space so you're going to want the photos to show off the space the best.
These pictures are going to be the ones that are used for all of your advertising. You're going to want a nice flyer to put in a flyer box on the sign. Some Realtors are using different tools in addition or instead of flyer boxes, things like sign riders with numbers to text for information, or QR codes. Any of these will work. I do like the standard flyer box for those buyers that are not as technologically advanced.
There are many other websites that you'll want to advertise on including all of the branded realtor's websites and other popular websites like yahoo real estate section, hotpads, realtor.com, zillow, trulia; internet bulletin boards like Craigslist and Backpage; and social networking websites like Facebook.
Check out this website, it's a website specifically designed to show off all of the features of this beautiful condo in the Ft. Meade area.
To list your property for sale or to purchase a property in Maryland, call Lisa & David Webber, Licensed Realtors® at 410-320-0242. For more information on our services, please visit our profile or our website.
To view all the Maryland Homes For Sale Click here and then click on Property Search on the left hand side. We know Anne Arundel, Howard, Calvert, Charles, Baltimore, and Prince George's Counties and look forward to the opportunity to serve you.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Divorce can present some interesting challenges in real estate....for both the Sellers and the Listing Agent(s). One of the more recent and most devastating moves in this game has been what we'll call the "Behind Closed Doors Financing." Or perhaps...not financing. In most marriages, the bill paying, inclusive of the mortgage payments falls to one spouse. One person is responsible for healthy credit scores....staying on top of the family finances...timely credit card payments, current taxes...etc. The other spouse may well be....and often is...oblivious to this process...they know that the heat is on, the lights work, there is food in the fridge and gas in the car so everything must be fine...Or IS it ?
Right on. They can.
Forbes.com has published one of those silly For Sale By Owner 
Are you planning to get married and buy a home in Colorado, but wonder where your down payment funds will come from?
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