clarksburg: Why A Montgomery County Short Sale Is A Win-Win For Everyone - 01/09/12 06:57 AM
Why A Montgomery County Short Sale Is A Win-Win For Everyone

Montgomery County MD – While doing a real estate transaction, not all parties with a financial interest can be winners. However, a successful short sale is one of those rare cases where everyone leaves a winner.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The Seller wins by avoiding foreclosure: This will also help the seller to avoid any credit damage that goes along with foreclosure.
In essence, the property is sold and the seller's lender pays all … (0 comments)

clarksburg: One Key To Getting A Montgomery County Short Sales Approved - 01/06/12 08:07 AM
One Key To Getting A Montgomery County Short Sales Approved

Montgomery County MD – Working to convince a bank to approve a short sale is what I do every day. I work with lenders on a daily basis.
I understand the importance of starting the process in a way that is likely to succeed with the lender’s loss mitigation department.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
I am always prepared and I maintain a high level of professionalism during the whole process because I understand how critical … (0 comments)

clarksburg: Trying To Short Sale Your Montgomery County Home, But Worried The Lender Might Foreclose On It First? Try This - 09/06/11 05:35 AM
Trying To Short Sale Your Montgomery County Home, But Worried The Lender Might Foreclose On It First? Try This
Montgomery County MD – Short sales can drag out. It takes 1-2 months to sell the house. Then, the short sale negotiations start.
They can drag out for 3-6 months. In the meantime, if you aren’t paying on the mortgage, then the lender will be trying to foreclose on the house.
Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale.
Click here to discover how other sellers successfully did … (0 comments)

clarksburg: Montgomery County Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them - 09/02/11 03:12 AM
Montgomery County Short Sale Q & A: The Second Mortgage Wants More Than The First Mortgage Will Give Them
Montgomery County MD – The Stop Foreclosure Institute recently received a question from Aggie. Here was Aggie’s Question.
“We received a short sale approval on the 1st. They will only pay the second mortgage $3,000. The problem is that the second mortgage wants $5,500.
We are arguing back and forth with the second mortgage. The negotiator there said management decided they won't take less.
I told her the final decision should come from the investors not from management. … (0 comments)

clarksburg: Who Benefits From A Montgomery County Short Sale? - 09/01/11 09:17 AM
Who Benefits From A Montgomery County Short Sale?

Montgomery County MD – Even though lenders pretend to hate short sales, they actually benefit from short sales. Let me explain why.
A lender gets to sell the house at today's price, versus what it will be worth 6-12 months down the road. We just did a comparison and pulled up sold listings.
All of the listings were the same, very comparable, and located in 3 similar, comparable neighborhoods. All were less than 2 miles apart.
Click here to discover how other sellers successfully did a short sale … (0 comments)

clarksburg: How Do I Stop The Foreclosure Process During A Montgomery County Short Sale? - 08/31/11 02:58 AM
How Do I Stop The Foreclosure Process During A Montgomery County Short Sale?
Montgomery County MD – The Stop Foreclosure Institute recently received a question from Trudi. Here was Trudi’s Question.
“I am in the middle of the 3rd offer on a short sale. I was just recently received foreclosure papers. Is there a way to stop the foreclosure process and get the house sold? If they just would work with me! Trudi”
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here is the answer to Trudi’s Question. Unfortunately, most banks won't … (3 comments)

clarksburg: A Common Montgomery County Short Sale Marketing Mistake: Your Realtor Doesn't Make Sure That Your Home Shows Well - 08/30/11 09:05 AM
A Common Montgomery County Short Sale Marketing Mistake: Your Realtor Doesn't Make Sure That Your Home Shows Well
Montgomery County MD – When another agent brings a buyer to look at your home your realtor should follow up afterwards.
If you want to sell your home, then it needs to show well. Here are a few tips.
1. Open the blinds and curtains. Bring in as much outside light as possible. Most showings happen during the day, whether during the week or on the weekend.
Turn on as many lights as possible. Buyers want to buy an … (1 comments)

clarksburg: A Common Montgomery County Short Sale Marketing Mistake: Not Following Up On Showings - 08/29/11 03:31 AM
A Common Montgomery County Short Sale Marketing Mistake: Not Following Up On Showings
Montgomery County MD – When another agent brings a buyer to look at your home your realtor should follow up afterwards.
They need to get feedback on what the buyer thought of your home. If the buyer liked your home, then they will ask if they are thinking of making an offer.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Maybe the buyer likes your home, but won't make an offer for some reason. They want … (0 comments)

clarksburg: A Common Montgomery County Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties - 08/26/11 08:03 AM
A Common Montgomery County Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties
Montgomery County MD – Unique properties usually have a "love it" or "hate it" aspect to them. A great example is pool homers.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Some buyers want a home with a pool. They are willing to spend $20,000 to $50,000 more for a home with a pool. Other buyers absolutely do not want a pool.
"Don't show me any pool homes", they tell their agent. … (0 comments)

clarksburg: A Common Montgomery County Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers - 08/25/11 07:08 AM
A Common Montgomery County Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

Montgomery County MD – Here is a story that illustrates this point. An agent I know was hired to sell a 30 acre tract of land.
Several months earlier they had spoken with a buyer that was looking for a similar property.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
However, the buyer had said they were looking for something closer into town. So the agent never told them about the 30 acres.
(0 comments)

clarksburg: A Common Montgomery County Short Sale Marketing Mistake: Not Using the MLS Properly - 08/24/11 06:28 AM
A Common Montgomery County Short Sale Marketing Mistake: Not Using the MLS Properly

Montgomery County MD – This MLS Mistake could cause the right buyer to never look at your home in the first place. The Multiple Listing Service (MLS) is the first place an agent representing a buyer is going to look for homes for sale.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
(The Multiple Listing Service, which I will call MLS for short, is the database of homes for sale that all realtors in a certain area … (0 comments)

clarksburg: A Common Misconception: Buyers Don’t Like Montgomery County Short Sales - 08/23/11 08:21 AM
A Common Misconception: Buyers Don’t Like Montgomery County Short Sales

Montgomery County MD – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market.
They know that they are more likely to buy a home at a fair price when they buy a short sale.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
We never have a problem getting buyers interested in our short sale listings. We have even had … (0 comments)

clarksburg: Montgomery County Short Sales: Does ABC Bank Really Care About Their Customers? - 08/22/11 05:49 AM
Montgomery County Short Sales: Does ABC Bank Really Care About Their Customers?
Montgomery County MD – Doesn't it annoy you when you hear a large national bank's hold music tell you that they care about their customers?
Their hold music sings their praises: "We are (Insert your bank's name) appreciate your business. We offer the best customer service in an effort to earn your business."
If you ever feel we are not upholding the standard of excellence in customer service, then please let us know", it says.
Click here to discover how other sellers successfully did a … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer - 08/19/11 07:02 AM
A Common Montgomery County Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

Montgomery County MD – Many times you will feel pressure to reply right away to an offer. But, that doesn’t mean that you shouldn’t negotiate.
Buyers are impatient and if they really like your house, then they will want an answer to their offer right away. But, you know what else that means?
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
It also means they are probably willing to pay … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed - 08/18/11 10:13 AM
A Common Montgomery County Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Montgomery County MD ? Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don't know what they are doing.
Because of this, many buyers shy away from short sales. Or, if they do make an offer, then they still continue to look at other properties.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
If a … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Letting Your Ego Get Involved - 08/17/11 03:07 AM
A Common Montgomery County Short Sale Negotiation Mistake: Letting Your Ego Get Involved
Montgomery County MD – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation.
I have seen people kill a potential sale to a person that would have been willing to pay top dollar for a property because they didn't like the person. Or, the buyer started negotiations with a low ball offer and the seller got offended.
Click here to discover how other sellers successfully did a short sale … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start - 08/16/11 08:32 AM
A Common Montgomery County Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start
Montgomery County MD – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price.
Don't fall for it. You've already made the first move by setting a price for your home. Tell the buyers that you need to think it over and get back to them.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Then, ask them what they like about … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Talking Too Much - 08/15/11 07:00 AM
A Common Montgomery County Short Sale Negotiation Mistake: Talking Too Much
Montgomery County MD – This is the worst sin of negotiating. Don't tell the buyer's or their agent your life's story.
What do you think would pop into a buyer's head if they heard this out of a seller's mouth? "We must sell the home because it is in foreclosure and if we don't sell it be June 23rd, then the bank will foreclose on it."
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Immediately they will think, "I … (0 comments)

clarksburg: A Common Montgomery County Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation - 08/12/11 09:08 AM
A Common Montgomery County Short Sale Negotiation Mistake: Not Learning The Buyer’s Motivation
Montgomery County MD – Despite what you have been told price isn't the only reason people buy. Maybe they really like a certain feature in your home.
They might be willing to pay more because of that feature. Sometimes they might even absolutely love that feature.
They have been home hunting for a while and finally found a home that met their needs completely. That means they are willing to pay more for your home.
Click here to discover how other sellers successfully did … (0 comments)

clarksburg: Montgomery County Short Sale Negotiation Tip: Don't Get Insulted By Lowball Offers - 08/10/11 02:45 AM
Montgomery County Short Sale Negotiation Tip: Don't Get Insulted By Lowball Offers

Montgomery County MD – Some buyers will think that since your house is a short sale, then they can make any lowball offer.
Many sellers get offended over their offers and turn them away. After going thru many short sales we have actually found that lowball offers are not necessarily a bad thing. Let me explain why.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
So you get the advantage of getting a good deal. Now, I … (1 comments)

 
Rick Thompson, Rick Thompson & Team (Re/Max Town Center)

Rick Thompson

Rick Thompson & Team

Germantown, MD

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Re/Max Town Center

Address: 19861-B Century Blvd., Germantown, MD, 20874

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