Paperwork and proper documentation are extremely important to the short sale process. Most lenders still require a "hardship package" that is completely filled out. To adequately prepare to short sale your home, your real estate agent will provide you with a list of documents you will need to gather.
In addition, all documentation that is required must be submitted as soon as you have an offer on your property. Sellers must be extremely cooperative with their agents and negotiators to be sure they have the best chance of getting approved. Throughout the entire short sale process, it is important that home sellers send bank statements and pay stubs to their real estate agent every month.
If you have questions about the short sale process or would like more information, please visit my website at www.TheRealEstateDr.com or give me a call at 1-800-921-1900 ext 2502.
Showing posts with label short sale help. Show all posts
Showing posts with label short sale help. Show all posts
Thursday, February 28, 2013
Wednesday, February 27, 2013
One Big Reason to Short Sale Now
When it comes to selling real estate in today's market there is a lot of confusion when it comes to short sales. It is often difficult for homeowners to understand why they can short sale or even what a short sale is and how they work. That's where I, as the Real Estate Dr. in the Central Valley, come in.
One of the biggest reasons to list your home as a short sale is that the bank pays all of the sellers closing costs. This includes paying for commissions, property taxes and normal closing costs. Sometimes, if a seller is nearly in an equity situation, it is still more advantageous to do a short sale because otherwise the seller has to pay these costs and repairs and inspections as well. With SB458 to remove deficiency and the Tax Relief Act to often remove taxation.. short sales rocks!
If you're unsure of the specifics of the short sale process, or if you want a clear understanding of your home selling or saving options, give me a call or contact me on The Real Estate Doctor website. Clarity, hope and relief is just one phone call away. Call me. I can help you.
Thursday, February 21, 2013
A Common Short Selling Myth
A common myth when it comes to a short sale is this... that they don't close. We actually close over 90% and it's getting easier with our specialized systems and programs at theREPhD.com. We've got this down!
Recently I was asked why someone should choose to sell their home with me, whether it was a short sale or equity sale, and this is what I told them...
I believe I am the absolute best agent for the job of selling a home, whether an equity sale or hardship. No one knows what I know when it comes to this process. I consistently tell the truth, pay attention and have the sellers best interest at heart...even if they may not agree with everything I suggest. I work everyday to hone my craft... to be the best of the best. I treat sellers, other agents, and buyers agents with respect. That is the best way to take care of my client. I also have a fabulous, well educated and committed staff who help me in this endeavor.
If you are thinking about selling your home, we should talk. Call me now at 1-800-921-1900 ext. 2502. The Real Estate Doctor is in!
Recently I was asked why someone should choose to sell their home with me, whether it was a short sale or equity sale, and this is what I told them...
I believe I am the absolute best agent for the job of selling a home, whether an equity sale or hardship. No one knows what I know when it comes to this process. I consistently tell the truth, pay attention and have the sellers best interest at heart...even if they may not agree with everything I suggest. I work everyday to hone my craft... to be the best of the best. I treat sellers, other agents, and buyers agents with respect. That is the best way to take care of my client. I also have a fabulous, well educated and committed staff who help me in this endeavor.
If you are thinking about selling your home, we should talk. Call me now at 1-800-921-1900 ext. 2502. The Real Estate Doctor is in!
Tuesday, February 19, 2013
Considering Buying a Short Sale?
Are you considering buying a short sale? You probably landed on my blog because you are looking for short sale help. That's what I am here for!
One very important consideration before you make an offer on a short sale is the length of time it takes to close escrow. Short Sales take longer than the average escrow, 90-120 days and sometimes longer. Before making an offer make sure you will be in it for the long haul. If you have a strict time frame in which you need to close on your new home and move in, a short sale may not be the right choice for you.
As a buyer of a short sale you must be prepared for the bank to counter your offer. Usually the bank counters the value a bit higher.
It is also important to remember that a home listed as a short sale is being sold as-is. As a buyer of a short sale you cannot ask the seller to pay for inspections or repairs. You must be prepared to do your own repairs if needed at your cost.
Those are just a few aspects of a short sale that a buyer must be aware of before making an offer. Need more help? Post a comment below, give me a call or contact me through my website at Christine Papworth The Real Estate Doctor.
One very important consideration before you make an offer on a short sale is the length of time it takes to close escrow. Short Sales take longer than the average escrow, 90-120 days and sometimes longer. Before making an offer make sure you will be in it for the long haul. If you have a strict time frame in which you need to close on your new home and move in, a short sale may not be the right choice for you.
As a buyer of a short sale you must be prepared for the bank to counter your offer. Usually the bank counters the value a bit higher.
It is also important to remember that a home listed as a short sale is being sold as-is. As a buyer of a short sale you cannot ask the seller to pay for inspections or repairs. You must be prepared to do your own repairs if needed at your cost.
Those are just a few aspects of a short sale that a buyer must be aware of before making an offer. Need more help? Post a comment below, give me a call or contact me through my website at Christine Papworth The Real Estate Doctor.
Monday, February 18, 2013
Considering Short Selling Your Home?
I was recently asked "What is the most important thing for a home seller to remember when they are considering short selling their home?" As a reader of my blog, I thought you just might like to know the answer to this question as well.
It is important for the homeowner to remember that they cannot receive anything from the sale. They also cannot have any cost associated with the sale to them. Most homeowners don't know that the bank pays all costs of sale and the short sale is totally "as is", with no deficiency... in California at least!
Short selling will affect their credit if they are forced by the bank or their situation forces them to get behind on their payments. One of the most important ways to protect your credit when you go through the short sale process is to not miss any payments.
When a homeowner decides to put their home on the market as a short sale listing, it just might be one of the best decisions they make for their future. They can buy again in 3 years after a short sale and sometimes sooner if they meet the requirements of qualification for an FHA or VA loan(2 years).
Are you looking for short sale help? Would you like to know what your options really are? The Real Estate Doctor is in... call me now. Let's talk! 1-800-921-1900 ext. 2502
It is important for the homeowner to remember that they cannot receive anything from the sale. They also cannot have any cost associated with the sale to them. Most homeowners don't know that the bank pays all costs of sale and the short sale is totally "as is", with no deficiency... in California at least!
Short selling will affect their credit if they are forced by the bank or their situation forces them to get behind on their payments. One of the most important ways to protect your credit when you go through the short sale process is to not miss any payments.
When a homeowner decides to put their home on the market as a short sale listing, it just might be one of the best decisions they make for their future. They can buy again in 3 years after a short sale and sometimes sooner if they meet the requirements of qualification for an FHA or VA loan(2 years).
Are you looking for short sale help? Would you like to know what your options really are? The Real Estate Doctor is in... call me now. Let's talk! 1-800-921-1900 ext. 2502
Wednesday, February 13, 2013
Why I Love Real Estate
WOW! This email was a nice surprise to open. Thanks so much Rosalie!
Through the good times and tough times of our economy I know how to get things done for my clients. I am honored to work with an amazing team of agents and staff. I am honored to work for my clients, some of who had lost hope that anything could be done to help them avoid foreclosure. I am excited for my future clients I will have the opportunity to help sell their home for top dollar, buy their home at the best price, or avoid foreclosure through a short sale. I am passionate about what my team and I do and I look forward to many more years of making a positive difference in real estate in Stockton, San Joaquin County and beyond!
For now, be well and be sure to let me know how I can help you today!
Christine Papworth The Real Estate Doctor
"Sincere congratulations on your fabulous website and range of services. Just to let you know you are being watched and appreciated. Love to see folks who are energetic and productive and have worked through many cycles of our industry. My fortieth anniversary on the Board is 2014. Keep calm and carry on!"
Rosalie McCloud, Broker AssociateThrough over 36 years as a real estate agent I have definitely worked through many cycles of the real estate industry. I have been through the highs and lows of the market as well as volatile times, markets that favor sellers and markets that favor buyers.
Keller Williams Peninsula Estates
Through the good times and tough times of our economy I know how to get things done for my clients. I am honored to work with an amazing team of agents and staff. I am honored to work for my clients, some of who had lost hope that anything could be done to help them avoid foreclosure. I am excited for my future clients I will have the opportunity to help sell their home for top dollar, buy their home at the best price, or avoid foreclosure through a short sale. I am passionate about what my team and I do and I look forward to many more years of making a positive difference in real estate in Stockton, San Joaquin County and beyond!
For now, be well and be sure to let me know how I can help you today!
Christine Papworth The Real Estate Doctor
Tuesday, February 5, 2013
Short Sale vs Equity Sale - Which is Right for You When You're on the Edge?
What do you do when you owe just a little more on your house than it's actually worth and you need to sell it? This situation has been coming up a lot lately so I recorded this explanatory video for your viewing pleasure. Watch this video below as I dissect this situation!
Short Sale vs Equity Sale
Short Sale vs Equity Sale
by Christine Papworth The Real Estate Doctor
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