Kris and Kim's Blog

Great Stuff on Interesting Topics

5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home

5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home: Whether you’re buying or selling a home it can be quite an adventurous journey.  This why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 reasons you NEED a real estate professional in your corner haven’t changed. Rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale. These regulations are constantly changing. A true REALTOR® has the experience to guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before? Wouldn’t you like someone who knows what these actions are, to make sure that you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively, and correctly, price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634 – CA BRE# 01930954; 01464957; 01458057

[afview]

Loan Modifications…not an option for most homeowners in the Inland Empire and Orange County

Well, I guess by now most people that own a home in California have realized that the long awaited plan by President Obama to save our homes....is just not going to work...unless you are willing to continue living in a home that is most likely at least 50% upside down...

"Hope for Homeowners" Helps…1 Borrower Since June 2008

Well, I guess "No Hope for Homeowners" would be the appropriate response to the program developed by the Bush Administration to help Americans facing the loss of their homes from rising monthly payments and declining values. In a report by CNN, Brian Sullivan FHA...

Will I owe the IRS any taxes on the difference between what my mortgage is and what the short sale amount ends up to be?

Will I owe the IRS any taxes on the difference between what my mortgage is and what the short sale amount ends up to be? The answer is maybe.

Q: How do I find an investor for my property? I do not want to go the foreclosure way but no longer want the house.

By your question, I would think that your best option is a Short Sale.  In a short sale, you/your real estate agent is asking the mortgage or lien holder to accept less than what is owed on the property.  There are a few ramifications such as: A credit rating hit,...

If you have a deficiency from a short sale are other properties you own at risk of having a lien placed on them for the deficiency?

The answer is yes, if your state recognizes the deficiency judgment as it pertains to a mortgage deficiency. There are specific events that must occur prior to a deficiency judgement. The mortgage holder of the deficient mortgage must request a judgment from the...

Will I owe the IRS any taxes on the difference between what my mortgage is and what the short sale amount ends up to be?

The answer is maybe. President GW Bush signed The Mortgage Debt Relief Act of 2007. The act may be utilized by a homeowner with financial hardship selling his/her primary residence under a Real Estate Short Sale. In essence, under this Act, the seller will not be...

Continued Declines In Home Values In San Bernardino County…Loan Modifications?

If your living in California and are a homeowner the odds are pretty high that your equity has decreased.  Riverside and San Bernardino County...( The Inland Empire ) is devastated with property values declining 50% and higher. The decline in home values are down...

California Default Properties Over valued on Average $200,000.00

In a recent release by Foreclosure Radar, the average California home in the deafault process had a mortgage value exceeding $200,000 of Current Market Value (CMV) for the month of February 2009.  A 189% increase in negative equity year over year. Also released in...

Obama Tried…

Mr. Obama has been given the daunting task of reviving the nations economy. The main concerns on most Americans minds is that of the precipitous position of their mortgage and home values. In an effort to pacify his constituents, Mr. Obama rolled out the Home...

President Obama's Help For Homeowners….Won't Help Everyone.

It's here, we have all been waiting to find out what will be offered to help cure our bleeding housing market. President Obama's plan is much stronger than I had anticipated. In summary, there are several components in place to help those families in a true financial...

Short Sale Lenders Are Collecting Per-Diem For Not Closing On Time

It's starting to get harder, and more expensive to get extra time to get extensions on Short Sales...  Most of the time  lenders allow about 30 days to close once they issue an approval, and that's not very long considering all of the hoops a buyer has to jump through...

Homeowners Turning to Short Sales:50% of Loan Modifications Result in Defaults…

Short Sales for 2008 hit an all-time high in Arizona, Nevada, California and Florida. Home Values Plummet $2 Trillion in 2008 With a rising number of adjustable-rate mortgages on the verge of resetting, continued economic instability and plummeting housing values, the...

Pin It on Pinterest

Shares
Share This