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!
Thursday, February 21, 2013
Wednesday, February 20, 2013
What is Happening with Short Sales in San Joaquin County?
The short sale market in San Joaquin County is changing along with the entire real estate market. Where we used to have an almost 90% hardship market it has lessened to around 60% today. So though many of our sellers are still in trouble, it is very much a sellers market.
To be in the game, buyers must be willing to fight for the home they want by submitting offers over asking prices, doing their own repairs, and paying their own closing costs. They also must make decisions quickly. When buyers see a home they think will work, they must make an offer immediately.
In this market when hesitation can very well result in a missed opportunity. When you hesitate you will find there are 10-20 offers in a matter of days and your hesitating will make you lose.
We have very little inventory, multiple offers, and many times those offers are way above asking price.
To be in the game, buyers must be willing to fight for the home they want by submitting offers over asking prices, doing their own repairs, and paying their own closing costs. They also must make decisions quickly. When buyers see a home they think will work, they must make an offer immediately.
In this market when hesitation can very well result in a missed opportunity. When you hesitate you will find there are 10-20 offers in a matter of days and your hesitating will make you lose.
Allow your agent to guide and assist you. Remember, they make nothing to write 20 offers for you and their expenses are high. If there are only 5 houses on the market and 20 buyers or 100 buyers for that house... what would you want your agent to do to ensure you get the house? Allow them to do that.
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
Friday, February 15, 2013
Relocating Real Estate Tip #1
Moving is definitely among the top of the all-time stress inducing life events. Stress can be compounded when you are selling one home, buying another one and planning a move... all at the same time! It might seem obvious, but the number one decision you can make to reduces stress is to choose a professional real estate agent who understands the buying AND selling process.
Whether you are buying or selling (or both) in Stockton or the Central Valley, the Bay Area, Sacramento County or even out of state, give me call or contact me through my website (Christine Papworth The Real Estate Doctor) and let's talk. My team and I can help you buy and/or sell your home or if you are moving to our selling out of the area, we can connect you with a professional real estate agent through our international network of agents who work with the same ethics and standards we do.
Buying? Selling? Relocating? Let's talk!
Whether you are buying or selling (or both) in Stockton or the Central Valley, the Bay Area, Sacramento County or even out of state, give me call or contact me through my website (Christine Papworth The Real Estate Doctor) and let's talk. My team and I can help you buy and/or sell your home or if you are moving to our selling out of the area, we can connect you with a professional real estate agent through our international network of agents who work with the same ethics and standards we do.
Buying? Selling? Relocating? Let's talk!
Wednesday, February 13, 2013
Increase the Value of Your Home and Sell Fast!
I was digging through my archives and found this interview I did with TJ at EquityLock Solutions. It's just under six minutes long... take a few minutes out now to listen in as we talk about improving home values in the Central Valley and advice on selling your home.
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
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