real estate: Has The Real Estate Market Hit Bottom?
- 10/19/12 10:25 PM
Ok, no one really knows for sure if the market has hit the bottom. So let's just get that out of the way up front. All you can do is make an educated guess for your geographical area. But there are a few clues you can look for when trying to decide if the market is close to the bottom, if not at the bottom. And since you can't definitively predict the exact bottom, you should just shoot for getting close to it. 1) Is inventory low in my area? 2) Have short sale and foreclosure numbers diminished? 3) Has my … (1 comments)
real estate: Should I Attempt To Sell My Home As A Short Sale?
- 10/19/12 09:57 PM
Selling your home as a short sale means that the property is worth less than what you owe to the bank. There are many factors to consider when trying to decide if you should sell your home as a short sale. If you can answer Yes to the following questions, then it is possible that you are a good candidate for selling your home as a short sale. 1) Can I prove to the bank that I cannot afford the payments anymore? 2) Do I have a hardship, such as a divorce, medical bills, mental or physical disabilty, loss of a job, … (1 comments)
real estate: Should You Buy A Short Sale?
- 10/19/12 09:32 PM
A short sale is a property that is worth less than what the seller owes to the bank. In order to buy a short sale, the bank must approve the sale at that lesser amount. Here's a simple guide to see if you are a good candidate for buying a short sale home or condo. If you answer Yes to the following questions, then buying a short sale may be a good option for you. 1) Can I wait for a fairly long time before getting a response from the seller's bank to my offer? 2) Do I have a place to … (1 comments)
real estate: What You Can Learn From Showing Feedback On Your Home
- 10/18/12 11:28 PM
Do you ever wonder whether feedback from showings really helps? Or do you get irritated with comments made after a showing? My advice is to take feedback seriously, and learn to read between the lines. Instead of getting mad when an agent says their buyer thought the bedrooms were too small, or the kitchen wasn't updated enough, try to figure out what they were really saying. Most of the time individual criticisms of a home are really just a way of saying the home isn't priced correctly for the condition or location of your home. If you get five or six … (0 comments)
real estate: Simple Tips For Preparing Your Home For Sale
- 10/18/12 11:01 PM
1) Clear everything off all flat surfaces except for one or two items. This includes coffee tables, end tables, dressers, countertops in kitchen & bathrooms, dining tables, ledges, open shelves, etc. 2) Switch out any energy saving bulbs for regular incandescent bulbs. 3) Keep family photos to a minimum throughout your home. 4) Take out all references to religion, politics, and causes. 5) Touch up any nicks on painted surfaces, such as baseboards, cabinets, & moldings. 6) Repair leaky faucets, loose toilets, sticking doors & cabinets. 7) Install GFCI outlets near water sources. 8) Make sure you have smoke alarms and … (2 comments)
Ok, no one really knows for sure if the market has hit the bottom. So let's just get that out of the way up front. All you can do is make an educated guess for your geographical area. But there are a few clues you can look for when trying to decide if the market is close to the bottom, if not at the bottom. And since you can't definitively predict the exact bottom, you should just shoot for getting close to it.
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