Kris and Kim's Blog

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Access: A Key Component in Getting Your House SOLD

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process. They have asked you what level of access you want to provide to potential buyers. Access Key Component selling Your House fast todays real estate fast todays real estate.

Access Key Component Selling Your House Fast Todays Real Estate fast todays real estate

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing and Price. Since there are many levels of access that you can provide your agent so that he or she can show your home, as a result, you’ll sell your home fast.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, consequently there’s is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showing with just a phone call’s notice.
  4. By Appointment Only (example: 48 Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing. They like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In conclusion, a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.

 

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634

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...

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