Things to Consider When Selling Your Home - Winter 2017
Things to Consider When Selling Your Home
Things to Consider When Selling Your Home. We’re offering five reasons to sell your home this winter…with only a few days left.
- Demand is strong.
- There is less competition.
- The process will be quicker.
- There will never be a better time to “move-up”.
- It’s time to move on with your life.
We’ll share “what’s happening in your housing market. Now where else can you get more detailed information on why it’s important to sell now!
According to:
Lawrence Yun, Chief Economist at NAR:
“Healthy labor markets in most of the country should be creating a sustained demand for home purchases. However, there’s no question that after peaking in June, sales in a majority of the country have inched backwards because inventory isn’t picking up to tame price growth and replace what’s being quickly sold.”
“Inventory has been extremely tight all year and is unlikely to improve now that the seasonal decline in listings is about to kick in. Unfortunately, there won’t be much relief from new home construction, which continues to be grossly inadequate in relation to demand.”
In conclusion, we look forward to listing your home to sell quickly.
Los Angeles County Real Estate Statistics for March 2014
March 2014 Real Estate Activity Statistics for Los Angeles County: Total Single Family Residence (SFR) Sold/Closed: 3,634 Total SFR Distressed Sales (NOD, In-Forclosure, Short Sale) 326 Total Real Estate Owned (REO) 136 Total Probate 75 Fun Fact: Most Expensive Los...
Mortgage Debt Forgiveness Relief Act Extension Approved by Senate
Great news from NAR on the government approving an extension to the Mortgage Debt Forgiveness Relief Act of 2007.
The Mortgage Debt Forgiveness Relief Act protects the homeowner from taxation on their short sale of their primary residence.
Of course, California residents are protected from this type of taxation under CCP580E.
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The Real Wolf of Wall Street Finally Gets Punished!
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1. The real buyer
These people are somewhere in the home-buying process. They’re either testing out the market or they’re serious and fully qualified, ready to take action. For the seller, these are the ones you want coming through the door.
Why Do Short Sales Take So Long?
In a short sale, you need the seller’s bank to approve before you can close. Banks require dozens of pages of paperwork to evaluate whether or not to approve a short sale. Since the seller is asking the bank to accept a sale price that’s less than the mortgage amount, the bank needs to verify that a short sale is the right thing to do. Banks want to make sure the seller is indeed unable to stay in the home and can’t afford to pay off the difference between the market value and the bank’s loan amount.
Designer Ed Hardy Asking $3.199M for LA Tudor
According to the Los Angeles Times, the Mid Wilshire area abode was purchased by the creator of the Ed Hardy brand in 2007 for $2.695 million. Since then, Audigier sold his design company for $62 million and made several attempts to lease this 5,400-square-foot property.
Grant Deed vs. Quit Claim Deed
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Californians: IRS and CA FTB Confirm No Taxes for Short Sales Due to CCP 580E
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Over 40% of all mortgages underwater…Short Sales…Foreclosure…Recovery?
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Breaking news: California Short Sales are Not Subject to IRS Tax Deficiencies
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