Category Archives: Selling HomesImage
JUST A REMINDER
City of Temecula Residents are allowed 2 FREE bulky item pick ups, including e-waste each and every year! Just call CR&R at 1-800-755-8112 to schedule your pick up.
This may come in handy during a move, spring clean up or getting your home ready to sell. Need more selling tips? Visit us at http://www.teamgreer.com or drop us a line at email@example.com and we’ll be glad to help!
IS IT TIME TO SELL?
The real estate market in the Temecula Valley is showing more than just signs of recovery. More and more equity sellers are putting their homes on the market and selling their homes in a short period of time and at a higher price than we have seen in years. Foreclosure sales are still relevent but not in the record numbers that the media has given hype over. Short sale listings are scarce. Mortgage rates are ridiculously low. Buyers are everywhere and Realtors (including ourselves) are pounding the pavement looking for something to sell them!
Is it time for you to sell?
We can provide a professional opinion on potential value for your home to help you make that decision. We can be reached at 951-522-0518 April or 951-522-6308 Gary. Our email address is firstname.lastname@example.org
The graph below is a snapshot of California in general. Keep in mind that some parts of California (Temecula included) tend to outpace others.
We should probably start with what TO DO when showing your home but seriously knowing what NOT TO DO may be just as important. Keep in mind that these are general tips that have been proven over and over by experience. They don’t apply to every situation…but why take that chance?
Our Top 5 Things NOT to do–
Overdue it with candles, plug-ins and scented sprays Some people are very sensitive and certain scents may cause allergic reactions or just simply discomfort. Research shows a light vanilla scent is most universally safe.
Hose down entryways and patios off the house right before showings or open houses It may cause slipping or mess and it will discourage most buyers from wanting to step onto the back patio if it is wet.
Close or lock any interior doors Interior doors should be left open to let light travel into the dark interior spaces of the house and buyers are very uncomfortable about opening doors.
Be home during showings or open houses Take a walk or drive around if you have to. We can’t express to you enough how uncomfortable buyers are if you are there. They will spend no time in the home, nor will they be able to discuss any objections or ideas. This is crucial conversation that needs to be had while in the home. There is additional concern on the Buyer drawing you into potential conversations that you do not want to have.
Leave out mail, bills or small valuables, jewelry and trinkets Unfortunately we have to worry about this. Mail, bills and anything that may have identifying or sensitive information needs to be out of sight for identity theft issues. Also we prefer that any palm size valuables be put away during the home selling process.
If you are planning to sell a home in Temecula, Murrieta, Menifee, Wildomar or Winchester…we make a great partner! Call us for more information at 951-522-0518 or teamgreer@C21wright.com
Come visit us at our open house, Saturday May 21, 2011 and again on
Saturday May 28th from 1:00pm to 4:00pm at
43086 Agena Street in Temecula, CA 92592
- Great Condition with Fresh Paint
- 3 bedroom, 2 Bath
- Approximately 1660 Sq.Ft.
- Over 15,000 Sq.Ft. Lot
- Low Taxes, Low HOA
- Includes Washer, Dryer and Refrigerator
- Includes One-Year Home Warranty
Visit us this Saturday, March 19, 2011 @ 36750 Avenida Verde, Temecula, CA We’ll be here from approximately 2-5pm relaxing in this gorgeous custom home with breathtaking views of the surrounding mountains, hills and valley. This is a completely fenced 5+/- acres with privacy gates on all paved roads close to town. This single story home is highly upgraded with 3 bedrooms, 2.5 baths PLUS a detached casita. Stop by and take a peak!
(951) 522-6308 / (951) 522-0518
The Home Affordable Foreclosure Alternatives (HAFA) Program is a government sponsored program that allows borrowers (homeowners) that are in financial trouble to avoid foreclosure either through a short sale or a deed in lieu of foreclosure. The program is designed to be implemented either after the HAMP loan modification has failed or (as recently amended) is in process as an option to sale. There are different guidelines to the program dependant on whether or not your loan is a Fannie Mae/Freddie Mac or a non government sponsored enterprise (GSE). The combination of these holders equates to more than 90% of the home loans out now so it is a program that should continue to grow in success as servicers and real estate professionals embrace and help implement it for their clients. The program not only offers up to $3,000 in relocation funds to the borrowers on a successful closing but also provides financial incentives to the servicers and first lien investors for their cooperation.
Overview of the basic guidelines for eligibility is as follows:
- The property must be your principle residence. Property can be vacant or rented up to 12 months prior to the Short Sale Addendum(SSA), as long as you can prove that it was your primary residence and that you have not purchased a 1-4 unit family property in those 12 months.
- The mortgage loan is a first lien originated on or before January 1, 2009.
- The mortgage is delinquent or default is reasonably foreseeable.
- The current unpaid principle balance is $729,750 or less. (Higher amounts apply to 2-4 unit properties).
- Borrower must be able to sign a Hardship Affidavit (or in some cases write a Hardship Letter explaining the circumstances of financial distress).
- Your lender has agreed to be a part of the HAFA/HAMP program.
- You have to be able to provide clear and marketable title.
You have to sign an “arms length transaction” affidavit.
Investors are allowed to implement their own standards in addition to these so it is impossible to detail every possible scenario.
Overview of the basic incentives of the program is as follows:
- An option to foreclosure becoming a part of your permanent history.
- Uses a standard process, documents and timeframes.
- Servicer must reply to an executed contract within 30 days.
- Provides financial incentives of up to $3,000 for your relocation.
- Requires you to be fully released from future liability for the first mortgage debt and if a subordinate lien holder receives a payment from the first lien holder to enable the transaction, that debt as well. (Forgiven debt could have tax and credit rating impact…you are advised to seek financial and tax advice from a professional.)
So in a nutshell it appears to be a great program that the majority of homeowners facing financial difficulty will at the very least need to be considered for. Please consult with a professional Realtor in your area about your circumstances and the current value of your home for information detailed to your situation. You will be advised to seek legal advice since a short sale is not always in the best interest of every homeowner. If you live in Temecula, Murrieta, Wildomar, Lake Elsinore, Menifee or Winchester that professional Realtor is us! We’d love to talk with you about your situation and see how we can help. April (951) 522-0518 or Gary (951) 522-6308 or email us at email@example.com
Tarbell Realtors is not associated with the government and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
The Home Affordable Foreclosure Alternatives (HAFA) program will continue to grow and change as the market conditions change. It’s very important for Real Estate Professionals to stay on top of these changes to help their clients through potential loan modifications and short sales if and when the client deems them a necessary course of action.
In December 2010 a handbook was issued by the Treasury (version 3.0) for Servicers of Non GSE Mortgages. This means the program that details the HAFA guidelines for loans that are not owned or guaranteed by Fannie Mae or Freddie Mac. It also specifically applies to Loan Servicers that have signed a HAFA participation agreement (which includes 90%+ of the loans in effect).
The changes to this handbook are here Supplemental Directive effective February 1, 2011
If you know of someone who is having trouble paying their mortgage or you find yourself in a financially distressed situation. Please take action today. Don’t wait another minute. You need help and we know that asking for that help is the hardest step to take. Take a deep breath and pick up the phone…(951) 522-0518 or (951) 522-6308. If sending an email is easier firstname.lastname@example.org
We want to help.