Selling or buying your home at the Right Price

Selling or buying your home at the Right Price
Fair Market Value is always the Right Price

Monday, December 5, 2011

Short Sale or Foreclosure?

Troubled sellers often ask me; "Since I do not have any equity, why should I go thru the hassle of a Short Sale when I can do a Deed in Lieu of Foreclosure or just let my home go to Sheriff Sale/Foreclosure?" Here is the big reason why it is better to do a Short Sale. Either option will adversely effect your credit score however a Short Sale will have less impact and recovery time will be shorter.
Short Sale = about 150-200 points off your credit score and recovery time = 24 months
Foreclosure or Deed in Lieu of Foreclosure = 250+ points off your credit score and recovery time = 60 months

Wednesday, July 6, 2011

Discount Commissions or listing for less

I've said this in a previous post but it is worth repeating:

Since commissions are negotiable you might think asking your Realtor to discount or reduce the rate they charge you is a good idea. But is that in your best interest? NO and here is why... A tattoo artist was questioned about a popular tattoo "born to lose" and the interviewer was shocked and asked why someone would want to put such a message on their body. The artist replied: "that message was tattooed on the brain, long before I put it on the body". The same psychological message is conveyed when a Realtor discounts a commission, whether consciously or subconsciously. A home is probably one of your largest financial investments. Do you really want to entrust one of your largest investments to someone who is "born to lose"?

Real talk from Nancy Chambers

Tuesday, January 4, 2011

Reasons Why Homes Do Not Sell

Reasons Homes Do Not Sell....
Choice of Agent

Why hasn't your home SOLD?
Take an honest assessment.

Monday, January 3, 2011

New Year's Resolution for Sellers

Start the New Year by pricing your home right! Your Realtor is not trying to get a fast commission when they reccommend a price. They are trying to HELP you achieve your goal of selling your home so you can move on with your life. The longer your home sits on the market the LESS you will get for it. Homes priced right at the start, sell quickly and close to, if not at the asking price. The longer you wait for a buyer the less money you will get. It is a fact! You can trust in my 44 years of selling homes experience, the fastest way to sell your home is by pricing it right.