Selling Your Vancouver WA Home: Successfully
Competing Against Distressed Properties (Short-Sales, REO's, Bankruptcies).
Our local Vancouver and Camas market areas have always
had some number of home owners in financial distress. The current changes
in the Mortgage market has created an even larger group of
home sellers in Vancouver WA that are desperate to get their home sold prior
to foreclosure or before some other dire financial consequence befalls them.
Setting The Scene: Who Are These Desperate Sellers You are Competing Against?
The most common problem we encounter on an almost daily
basis is where the homeowner either has an adjustable rate mortgage that has
adjusted upward and now blown the budget. They've fallen behind in their
payments and their lender has been relentless in their pursuit of payment or is
planning to foreclose on the home. As a defense against the damage to
their credit a foreclosure will cause, they'll put their home on the market and
price it to sell quickly.
When these desperate sellers cannot get more than what they owe on their
property, the home then becomes a Short Sale. At this point the seller's
credit has taken a Hit, and they have nothing to lose by pricing the home even
lower and taking in ANY offer their bank may consider accepting.
The Winning Strategy to Compete against Desperate Sellers:
The mere fact that your home is not in Distress, you will naturally have
more interest in your home. It takes a special type of buyer to be willing
to tough out the multiple competing offers from other buyers, and waiting for
banks that are difficult to deal with in a Short-Sale home purchase.
Rarely is a short-sale home itself a cream-puff -- and many Buyers when looking
for a home for sale in Vancouver WA are not looking for the additional
head-aches that come with re-conditioning a Fixer home.
Finally, a cash-strapped desperate seller is not likely to hire a
Vancouver WA Realtor that will market your home in the numerous Internet
locations that qualified home shoppers are using. Most of these distressed
homes are advertised on a bargain priced basis only.
Offering Incentives to prospective home buyers greatly increases the
attractiveness of your home. Two excellent incentives we recommend are:
- Financing Options including FHA & VA Loans and Pay some or all
of the Buyer's Closing Costs;
- Provide a One Year (renewable at
buyer's option)
Home Warranty
Contact Kathryn Alexander and John Slocum, Alexander ~ Slocum Team Realtors®,
RE/MAX equity group, inc. Licensed Real Estate Agents and Realtors® in the State
of Washington at 888-525-5528 ext 81 to list your property for
sale or, to purchase a property in Vancouver Washington, Camas - Washougal, Felida,
Salmon Creek and the rest of Clark County Washington. We're your
referable RE/MAX Realtors® in Vancouver Washington!
To View all
Vancouver WA Homes & Real Estate click here and then click
on the Vancouver WA Home Search options of your choice! Our Expertise is
knowing Vancouver WA Homes, Camas Homes and Clark County Washington. We'll help you get your home
properly on the market and Sold if you need to Sell your home. We'll help
You Buy Your Vancouver Home!
Disclaimer: The information provided is from various sources and deemed reliable
but subject to change without notice.
PS -- Are you in a Must-Sell situation for your home in Vancouver Washington
or Camas Washington make certain you hire an agent team that will get your home
priced right, work with you to get it Prepped and Staged, and deliver
world-class marketing to get it Sold. We are delivering successful Express
Sale Packages. Call us today at 360-281-4150 to find out more about your
Vancouver Express Home Sale options.
Copyright © 2008
Alexander ~ Slocum Team
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