can i short sale: The "Should I? Shouldn't I?" Short Sale Grid
- 09/30/11 06:09 AM
I frequently have people ask me if they should Short Sale their home. I use this simple grid to help them determine their best option. I begin by explaining two important factors to consider when evaluating your home: Equity and Cash Flow. I make the grid using Cash Flow on the side, and Equity along the bottom. I explain positive cash flow as any situation where you break even or better. If you can pay the mortgage each month with your income, without using savings, gifts, or increasing your debt, then you have positive cash flow.I explain equity as the value … (1 comments)
can i short sale: Navigating an upside-down home value. The ins and outs of short sales.
- 05/25/11 07:37 AM
There are more than 14,000 homes on the market across the Wasatch Front. Over 25% of these are short sales. Why are there so many short sales on the market? There are some misconceptions about the purpose of short sales, which can lead to frustration, loss of money, and even getting scamed. It is important to be educated, patient, and compliant when considering a short sale. Short Sale Graffiti The market has continued to dip, increasing the number of people with hardships. This has been a major cause for increased short sales on the market. However, another theory suggests the popularity of short sales is increasing because it is becoming more common. Malcolm … (0 comments)
Author Bio: Utah Dave (Dave Robison) specializes in building high-producing real estate sales teams that benefit home buyers with their specialized experience. Dave coaches teams and sells real estate all across Utah.
Realtor, Utah Real Estate Specialist! Utah Dave® specializes in assisting individuals and families with the purchase and sale of residential homes in the Salt Lake Area. If he doesn't specialize in it, he knows someone who does! Thats why he's Utah Dave®.
Dave also coaches real estate agents in the 3 secrets and 7 steps to building a real estate team/career. These steps took Dave from 20k in commissions to $1 Million in just 3 years.
I frequently have people ask me if they should Short Sale their home. I use this simple grid to help them determine their best option. I begin by explaining two important factors to consider when evaluating your home: Equity and Cash Flow. I make the grid using Cash Flow on the side, and Equity along the bottom. I explain positive cash flow as any situation where you break even or better. If you can pay the mortgage each month with your income, without using savings, gifts, or increasing your debt, then you have positive cash flow.I explain equity as the value … (1 comments)
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