Woodland Hills California Real Estate - Sellers Add Value To Your Home 5 Easy, Inexpensive Ways to Add Value and Comfort to Your Home When the housing market is hot, it seems like just about any project is a good investment for boosting your home's value and appeal. But when the market's tight, you want to be more selective about which projects you undertake and what you expect to gain in return. There's nothing worse than wasting time and money on a major project that barely raises the value of your house. If you've been thinking about increasing your home's value in Woodland Hills California, or just making your living space more comfortable, these ideas can help you start off simple and prioritize your list. Before you start knocking out walls and renovating your roofline, consider these ways to make a difference...cost-effectively! 1. Spruce Up Your Curb Appeal Buyers often decide whether to look at your house before they even get out of the car. So, before you spend a lot of time and money remodeling the inside, take a good look at the outside. Washing windows, repainting trim, planting flowers and small shrubs, trimming tree branches and overgrown bushes, fixing screens, resealing your driveway, and mowing the lawn can make a big difference. Start out by making a list of 4 to 7 simple projects and then set aside an hour or two each day. In just one week, you - and potential buyers - will be surprised how appealing and welcoming your house looks when driving up. You may also want to consider larger projects, such as replacing the siding, adding a patio or deck, or even replacing a dilapidated driveway. But remember, although these bigger projects may help your house stand out, they probably won't yield as high of a qualitative return on investment in terms of your home's actual value. So, weigh your options and ask your Realtor® for advice before investing in any of these bigger projects. 2. Does Your Entryway Invite People In? A cozy first impression is crucial. Now that you've boosted your curb appeal, it's time to turn your attention inside - starting just inside the front door. To make sure your entryway invites people to come in - rather than turnaround and run - try adding a wicker chair and table outside the door along with a fresh coat of paint to your foyer. For even more impact, replace old light fixtures and update the floor in your entryway with a throw rug or easy-to-apply self-adhesive linoleum squares. These projects are inexpensive and easy enough to do yourself in just a few hours. 3. Spiff Up that Old Bathroom Remodeling an old bathroom can make a big impact. You should start by simply de-cluttering the countertop. It's amazing how spacious even a small bathroom appears after the styling products, pictures and miscellaneous bathroom decorations are removed. From there, you can freshen up the paint, replace that old shower curtain, add a new medicine cabinet on the wall, and even a upgrade your faucet and shower head for very little money. For a little more, you can also install a double sink or re-tile the floor. 4. Hot in the Kitchen Renovating an outdated kitchen is practically a sure thing - as long as you don't splurge on extravagant items like hand-painted Italian tile or built-in espresso machines. Instead, focus on the basics: replacing the handles on your cabinets and drawers, freshening up the paint, installing new flooring, adding a backsplash, and painting or re-facing your existing cabinets. You can also make a dramatic impact by installing new countertops and even replacing your appliances. All of these projects will go a long way to making a new buyer feel at home. 5. Add a Second Bathroom Perhaps no improvement makes a bigger impact on your family's comfort and your house's appeal than adding a second bathroom. The number of bathrooms is always a big sticking point for potential buyers, especially families with two or three children. Although adding a bathroom costs more than simply fixing up your old one, it also increases the value of your house more. Plus, having that second bathroom may help you sell your house faster than if it only has one, which is an important point to consider in today's market. So, if you have a house with roughed-in plumbing just waiting for you to take the initiative, you may want to consider adding that second bathroom you've always wanted. However, if your house doesn't have roughed-in plumbing or floor plans that called for a future bathroom, you'll definitely want to consult a professional Realtor® to discuss how much a second bathroom will add to your home's value. After all, if you have to start moving walls and re-plumbing your house just to add a bathroom, you may find that your time and money are better spent on a handful of smaller projects that will ultimately add more impact. Plan Ahead and Avoid Headaches Overall, the best advice about adding value to your home is to start small, work your way up, and always plan ahead. You don't want to get halfway into a renovation only to find that you have to update your entire electrical system or that your time and effort was wasted on a renovation that doesn't add as much value as you thought. With a little planning and prioritizing, you can make your house more comfortable and valuable with very little time and money. Happy renovating! Copyright © 2008 By Rachel Zeppinick, All Rights Reserve Woodland Hills California Real Estate -Sellers Add Value To Your Home .* Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy. Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile. P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 818-288-7255 to find out more.

Woodland Hills California Real Estate - It's A Good Time To buy, but with Caution

With a wave of foreclosures and short sales lowering home prices, this is the best buyers market in the last four years.

According to a report obtain from Data Quick information and released last week, the median price of a home in San Fernando Valley fell to a new low of $485,000 or 27% lower than a year ago. These numbers are likely to go lower with a wave of new foreclosed homes hitinig the market. So, here are some tips to buying a home, that are applicable even after the real estate market improves.

How Much Home Can You Afford
This depends on your income, credit rating, your monthly expenses, your down payment and the interest rate. The government National Mortgage Association, better known as Ginnie Mae, offers a calculator at its website to help you figure out how much house you can afford
it is www.ginniemae.gov in addition this link will help you determan whether if it makes sense for you to rent or buy.


Get Approved
This means that a loan officer has reviewed your credit report and he believes that you can qualify for a loan. At this point you will get a pre-approval letter that will be used to demonstrate your borrowing capabilities.

Know Your Rights
Be aware of predatory lenders, although there is a cracking down by regulators, as a result of the mortgage crisis, according to the California Dept of Real Estate, predatory landing consists of high up front fees that are added to your loan balance and decrease your home equity. I recomand that you carefully review your income and expenses and borrow within your budget, dont inflate your income just to get into a house that is going to prove to be to much for you.

Do your Home Work
CCalifornia offers home buyers assistance, some offered by The California Housing Finance Agency, there are special programs for first time home buyers. Most cities and some mortgage companies offer first time home buyers programs, and some offer cash grants for your down payment if you attend a program.

Shop For a Home
The appearance of a home and its amenities are not the only thing you have to check out, be sure to check out the neighborhood, Get crime data from law inforcement agencies and very important if you have kids check on the area school performance from the local district. If you are planing to buy a home in a neighborhood with a homeowner association make sure you get a copy of its governing rules, so you can see if this is some thing you can live with before you close the deal.
Finally, have a check list with all your questions and needs ready, its always helpful.

Copyright © 2008 By Rachel Zeppinick, All Rights Reserve Woodland Hills California Real Estate - . It's A Good Time To buy, but with Caution * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 818-288-7255 to find out more.

 Woodland Hills California Real Estate - West San Fernando Valley Forclosures, New Listings: may, June 2008

EXPERIENCED AGENTS HELPING home buyers looking for foreclosed homes for sale; bank owned homes that are ready for a new owner.  Often these homes are priced well below market and offer opportunities for many buyers to obtain a home in Woodland Hills and West Hills California at well below neighborhood prices.

Don't buy a foreclosed property without the help and advice of an experienced and trained real estate agent.

City                 List Price         # Bdrs         # Bath           Sqft        Days on Market

WEst Hills      409,900           3                        2                1570               41
West Hills      439,900           4                        3                1885                33
West Hills      459,900           4                        3                1456                34
West Hills      594,900           4                        3                1937                41
West Hills      599,000           3                        2                2280                41      
West Hills      689,900           8                        5                3243                  6    
Woodland       498,900           3                         2                1346                34
Woodland       549,000           5                         4                2895                  2
Woodland       549,900           4                         3                1995                  7
Woodland       559,900           4                         2                2083                17
Woodland       599,000           3                         2                2143                40
Woodland       679,900           4                         2                2236                  8
Woodland       746,900           4                         3                2689                38
Woodland       750,000           4                         3                2709                  2
Woodland       769,000           5                         4                3192                  8
Woodland       774,777           4                         3                3406                 26
Woodland       800,000           4                         4                2726                 22
Woodland    1,300,000           6                         5                4846                 27

Copyright © 2008 By Rachel Zeppinick, All Rights Reserve Woodland Hills California Real Estate - West San Fernando Valley Forclosures, New Listings: may, June 2008  .   * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at   818-288-7255 to find out more.

 

Woodland Hills California Real Estate - Woodland Hills California Home Buyers ATTENTION:  IT'S TIME TO BUY.  It has  been   some time,  for you waiting,  you have been very patient and waited until the prices were reduced to a level that makes sense to buy.  The trend for the past two years has been clear.  New listings came on the market and you, the home buyers said "NO". 

Homes are at the lowest price since 2004. Many smart home buyers have been patiently waiting for this market trend.  Many of the homes available on the market are foreclosure / bank owned properties and short sale listings.  With the the largest inventory available, a serious home buyer can not only find a wonderful property to buy, they can get the best price in years. 

It's true that  Sellers lowered their prices over the past two years so that they became more affordable and some are great   buys. The  pressure on existing home owners to meet the market demands of buyers.  However, when prices stayed high, you, our smart home buyer just said "NO".

Finally, the market took control and the pressure from the increased number of foreclosures and short sales, home prices began to fall about mid 2006.  They are now at prices where our home buyers can qualify for and find a home they want to buy in a price that makes sense.  The average price for a  3 bedroom house  in  Woodland Hills California is is about $. $543,000

Copyright © 2008 By Rachel Zeppinick, All Rights Reserved Woodland Hills California Buyers ATTENTION:  IT'S TIME TO BUY.   .   * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.

 

Woodland Hills California Real Estate - Mothers Day
Happy Mothers Day

And a woman who held a bebe against her bosom, said speak to us of children.

And he said:
Your children are not your children,

They are the sons and daughters of life's longing for itself.

They come through you but not from you,

And though they are with you yet they belong not to you.

You may give them your love but not your thoughts,

For they have their own thoughts.

You may house their bodies but not their souls,

For their souls dwell in the house of tomorrow, which you cannot visit, not
even in your dreams.

You may strive to be like them, but seek not to make them like you.
For life goes not backwards nor tarries with yesterday.

You are the bows from with your children as living arrows are sent forth.

The archer sees the mark upon the path of infinite, and he bends you
with his might that his arrow may go swift and far.

Let your bending in the archer's hand be for gladness;

For even as he loves the arrow that flies, so he loves also the bow that is
stable.

From: "the Prophet". by Kahill Gibran, 1923

Copyright © 2008 By Rachel Zeppinick, All Rights Reserved. Mothers Day. * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

Woodland Hills California Real Estate - Hale Middle School Kids Color To Help Other Kids

The students of Hale Middle school in Woodland Hills California mixed artistry and philanthropy  this Tuesday, a rainbow of colored pencils were the tool used in this project, thanks to Staedtler Inc, an international  drawing and writing instrument with local headquarters.

An official with the company sent letters in March from their office to a few local schools about an annual World Kids Coloring Day on Tuesday. This event was open to all schools to sign up. The company based in the San Fernando Valley since 1986, supplied classrooms with a set of colored pencils and paper. An official of the company said they wanted to create a special day so kids all over the world could unite together  and color and then sell their work of art as a way to benefit other children. The company president emphasized how important coloring is for child development and the need  for all children to have the supplies they need for education.

The letter about the children Coloring Day reached the desk of the assistant principal at Hale. He was intrigued by the idea and talked it over with the art teacher at school who decided to "run" with the idea.

This idea gave the kids in school the chance to color while they are helping other kids with fund raising. The idea of World Kids Coloring came from the company's corporate office in Germany, A representative of the company Ms. Kathye Louis which is the creative design of the company was at Hale middle school watching outdoor field study by the students. There are about 24 other countries  involved.

The Hale student's drawings will  be on display and up for sale through a silent auction from 5 to 8  Thursday at the school spring dance performance at the campuses, 23830 Califa St. in Woodland Hills.

Funds raised from the auction will benefit save the Children USA.


Copyright © 2008 By Rachel Zeppinick, All Rights Reserved. Hale Middle School Kids Color To Help Other Kids. * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.

 

 

 

Woodland Hills California Real Estate - Homes for  first time home buyers

Woodland Hills California is a wonderful place to live I  have been living  here for 27 years and absolutely love it. 

 WHAT DO FIRST TIME HOME BUYERS NEED? 

Confidence that they'll find a home in their qualifying price range.
Confidence that they'll be able to get a good mortgage?
Confident that they'll be able to find that combination of home price, location, schools, easy commute to the city , shopping, houses of worship, activities for the children and the hundreds of other things that cause residents to say "I love living in Woodland Hills and West Hills"
First Time Home Buyers need an agent who will be patient and help the buyers understand this real estate market.

• This  home  was sold for $489,000
•  

WHY Woodland Hills?  For one thing, it's only 25 minutes drive from the beach, far enough away Los Angeles to offer a nice home for the money.  Just look at the home that just closed.  This home sold for $489,000.  4 bedrooms, beautiful bath, gourmet kitchen, 2 car garage and more. 

The home above is just an example of the fantastic buys that are available to our home buyers in Woodland Hills and West Hills.  Prices are at the lowest in 4 years and the sellers need buyers.     

YOU'LL LOVE LIVING IN Woodland Hills  and West Hills 

The homes are priced right. 

There are a variety of home styles and prices 

Public schools are blue ribbon  schools and are popular with students and parents. 

The areas are convenient to the beach and the city. 

DON'T KNOW WHAT YOU'RE QUALIFIED TO BUY?  For First Time Home Buyers who do not know their qualifying price range, just give me a call and I'll give you a target price.  If you are serious and ready to buy, a pre-approval will just take a couple of days.  These homes are all in FHA financing range which means that the loans and interest rates are not subject to credit scoring.  The new FHA loan limit is $729,900 and we have excellent and reliable mortgage companies that can help you with all of your financing needs. 

It's the best time for a First Time Home Buyer to buy in 6 years.  Look at what your money will buy in a price range of $400,000.- $600,000

Come see see what the west San Fernando Valley has to offer you.

Copyright © 2008 By Rachel Zeppinick, All Rights Reserved Homes for First Time Home Buyers In Woodland Hills and West Hills.   * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.

 

Woodland Hills California Real Estate - Available Listings In Foreclosure And Short Sales In Woodland Hills and West Hills.

These offer an opportunity for smart buyers looking for value:

City              List Price          # of Bedrooms      # of Bath        # of Days On Market
West Hills        400,000                        4                       2                1
West Hills        425,000                        3                       2                28
West Hills        429,000                        3                       3                  8
West Hills        445,900                        3                       2                 13
West Hills        450,000                        5                       3                125
West Hills        485,000                        4                       3                  61
West Hills        499,000                        3                       2                155
West Hills        525,000                        3                       2                  18
West Hills        535,000                        3                       2                  63
West Hills        565,000                        4                       2                182
West Hills        585,000                        3                       2                  84
West Hills        599,000                        3                       3                  30
West Hills        610,000                        3                       2                  19
West Hills        650,000                        4                       3                154
West Hills        670,000                        4                       3                  61
Woodland hills 287,900                        3                       3                  47
Woodland Hills448,950                        2                       2                    3
Woodland Hills 499,000                       3                       2                178
Woodland Hills 449,000                       3                       2                  95
Woodland Hills 499,000                       4                       3                108
Woodland Hills 525,000                       3                       2                225
Woodland Hills 599,000                       4                       3                123
Woodland Hills 605,000                       3                       2                  91
Woodland Hills 670,000                       4                       2                184
Woodland Hills 689,000                       5                       3                  20
Woodland Hills 690,000                       5                       3                337
Woodland Hills 699,000                       4                       2                  39
Woodland Hills 729,000                       3                       3                139
Woodland Hills 745,000                       3                       3                  56
Woodland Hills 759,000                       4                       3                  88
Woodland Hills 860,000                       3                       3                    5
Woodland Hills 875,000                       4                       2                    7
Woodland Hills 949,000                       5                       3                  10

copyright © 2008 By Rachel Zeppinick, All Rights Reserved. Available Listings In Foreclosure And Short Sales In Woodland Hills and West Hills.   * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.

 

Woodland Hills California Real Estate -   Home  Sales For The Month Of April - Woodland Hills And West Hills

List Date                 list price                  Sale Price                      C.O.E                Days on Market

8/14/2007              375,000                  377,500                        4/18/2008           237     Sold as a short sale
3/11/2008              399,900                  405,000                         4/16/2008              7     Foreclosure sale
3/  5/2008              399,950                  370,000                         4/10/2008            16     Regular Sale
1/22/2008              425,000                  395,000                         4/25/2008            52     Regular Sale
12/31/2007            445,900                  425,000                         4/  3/2008            80     Short Sale
3/18/2008              464,900                  464,000                         4/29/2008            25     Regular Sale
9/ 8/2007               465,000                  426,000                         4/22/2008          194     Regular Sale
2/15/2008              474,900                  474,900                         4/15/2008            25     Four closure
11/12/2007            475,000                  450,000                         4/ 7/2008           111     Regular Sale
6/30/2007              479,000                  475,000                         4/ 4/2008           245     Regular Sale
3/14/2008              479,999                  464,000                         4/25/2008            18     Regular Sale
12/7/2007              489,000                  489,000                         4/19/2008          125     Regular Sale
9/11/2007              509,000                  395,000                         4/30/2008          184     Foreclosure
5/3/2007                509,000                  490,000                         4/24/2008          186     Short Sale
2/8/2008                515,000                  455,000                         4/ 9/2008             22     Foreclosure
12/18/2008            549,000                  525,000                         4/6/2008              72     Regular Sale
1/22/2008              549,900                  525,000                         4/4/2008              34     Regular Sale
1/25/2008              569,900                  570,000                         4/2/2008              33     Foreclosure
2/5/2008                599,950                  585,000                         4/15/2008            35     Regular Sale
8/21/2007              644,000                  592,760                         4/ 1/2008           202     Regular Sale
10/19/200              649,950                  649,950                         4/ 3/2008           122      Regular Sale
11/13/2007            679,900                  650,000                         4/28/2008          112      Regular Sale
2/8/2008                749,000                  700,000                         4/ 4/2008             27      Regular Sale
1/13/2008              749,900                  800,000                         4/11/2008             8       Regular Sale
11/29/2007            749,900                  740,000                         4/11/2008            95      Regular Sale
5/22/2007              885,000                  868,000                         4/17/2008          283      Regular Sale
4/ 3/2007               960,000                  960,000                         4/ 7/2008           338      Short Sale
2/ 2/2008               999,000                  942,000                         4/16/2008            59      Regular Sale

Average Price: $543,000 for a 3 Bedroom House
Average Price:  $693,000 for a 4 Bedroom House
Average Time On The Market: 93 Days

Copyright © 2008 By Rachel Zeppinick, All Rights Reserved. Home Sales For The Month Of April In Woodland Hills and West Hills. * Contact Rachel Zeppinick for Customized Listing package, showing of available homes at short sales and foreclosures, the best your money can buy.

 

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.

 

Woodland Hills California Real Estate - Woodland Hills California Part # 6 - We Have An Offer

In order to understand the entire short sale process please read the Short Sales In Woodland Hills California Series we have posted here:

Part # 1 : What You Need to know if you are buying or Selling

Part # 2 : Do You Qualify to Do a Short Sale In Woodland Hills California

Part # 3 : What You Need to Have In Your Short Sale Package

Part # 4 : The Process of The Sort Sale What's Next

Part # 5 : Myth and truth about Sort Sales Offers

We have reached the point that a buyer has made an offer and submitted all his/her collaborating documentation. The seller and his/agent have put together all the required seller documents for the short sales in Woodland Hills California package.

The sellers agent is making sure that all documents required by the lender are filled out correctly and most impotently that all documents have the loan number on every one of them . The agent now will contact the lender and will get the instructions of how to get the package to that lender. Most lenders out there want the documents faxed. If they want you to express mail the package to them, you have to make sure you have a duplicate package prepared. Many times the express mailed package is signed for but it ends up in the lender's black hole. They seem to lose faxes of a package that in many cases contained over 100 pages, So make sure you have a back up.

Super Tip:A good way of dealing with the loan number on the documents, I would recommend buying one of those stamp kits at Office Depot so you can easily place the loan number on the stamp and stamp all the pages of the short sale package instead of hand writing the loan number on 80 to 100 pages of documents.

When the Short Sale package is delivered to the lender the agent will call the lender to make sure that they are in posation of the package. This important action by itself is an act in patience! Some lenders are easy to reach and some are a nightmare. Sometimes you are on hold for over an hour just to get to the right person to find out only if the package is there! Please do not work in short sales if you short tempered or are impatient as your blood pressure will elevate high while on the phone with some lenders.

Super Tip: Make sure to call the lender early in the morning, be on that phone before every body else starts calling. Be the first in line!

Once we get someone on the phone to confirms that they have received the package and they are in posation of our authorization letter from the seller, we can talk to the lender. The first thing we do is to confirm that this is the lender that is actually the holder of the note for this property. In some cases the lender that our sellers were sending their payments to had sold the note to another lender and that lender in turn sold it to someone else. Some time from the time of giving the lender notice that we were doing a short sale a note may end up being sold twice in a period of just a couple of weeks. The lenders were considering that loan a hot potato!

Super Tip: To stay on top of things make sure that you call ahead of even getting an offer to the lender to confirm that they are still in fact the lender. Notes are being sold every day.

Some of the lenders out there service their own loans and some of them use a servicer to handle their paper work and collects the mortgage payments. In this case the servicer will take care of all the short sale paper work and act on behalf of the lender. holder. For instance, for example, the servicer is GMAC and the note holder is Deutch Bank. GMAC is like the negotiator for Deautch Bank.

There are also companies that just do Short Sale processing and negotiations that lenders will contract out their short sales to. You will get the best results from these companies.They will get paid only upon the completion of each short sale so they are quick to respond to us. It is usually easier to get right through directly to the negotiator on the file.

And then there are these lenders who are trying to do it all themselves. These lenders own the note, service the note and handle all aspects of the Short Sale. These tend to be the hardest to get through to. They are totally swamped with files and they do not have experience in doing Short Sales. You are getting a salaried employee who knows little to nothing about the real estate business. Most of the time by the time these lenders do something with your short sale package the buyer is long gone!

Super Tip: Don't worry about losing the first buyer. Once you got a counter offer from the lender you will know exactly what they will accept for the property and the next buyer that comes along will be able to close quickly. More on that in the next post, Part 7.


Disclaimer: This post is not intended to be or to provide legal advice. We recommend that you speak to your tax accountant regarding specifics and to find out if this is the best option for you in your situation.

Copyright © 2008 By Rachel Zeppinick, All Rights Reserved. Short Sales- Part # 6 We Have An Offer. * Contact Rachel Zeppinick for Customized Listing packages.

Visit my profile to find out more about our services. Call us today at 818.288.7255. Contact us by email if you prefer by clicking on email me on the right side of this page under my profile.

P.S. If you are listing your home as a short sale in Woodland Hills California make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at818-288-7255 to find out more.