New Help on Short Sales

New Help on Short Sales

Let's hope they really mean it and help make Short sales easier and quicker.

Why Homeownership is a GREAT thing!

#1: Appreciation

#2: Ability to mortgage for a long term yet still hold the title/deed and ability to payoff mortgage and   build equity with each payment.

#3: Abilty to improve of fix-up and ADD value.

And you can do all of this while still having a place to live and enjoy!

Try doing that with any other investment!

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

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

Reasons Why Homes Do Not Sell

Reasons Homes Do Not Sell....
Price
Terms
Condition
Location
Notoriety
Availability
Marketplace
Choice of Agent

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

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.

Discount Commissions or listing for less

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 asked why someone would want to put such a message on their body. The artist replied that message was tatooed on the brain long before he put it on the body. The same phsychological message is conveyed when a Realtor discounts a commission, whether consciously or subconciously. A home is probably one of your largest financial investments. Do you really want to entrust that investment to someone who is "born to lose"?
Real talk from Nancy Chambers

Today's Sellers

Do you want to sell your home? Then price it at market price. How do you determine market price? Ask a Realtor to prepare a Competitive Market Analysis known as a CMA and price it based on the Realtor's recommendations. Do not listen to anyone who does NOT earn a living by listing and selling homes. Do NOT listen to well meaning relatives, friends or neighbors about pricing your home. If you do NOT price your home at market price you might as well look for Bigfoot in California or visit Santa at the North Pole or try to find the Jersey Devil because you'll be more successful at those endeavors than trying to sell an over-priced home and you are not a Seller.
That's Real Talk from Nancy Chambers