With 15-20% of the homes for sale being short sales, many times you will see under disclosures, “sale subject to lien holder approval”. What does lien holder approval mean? Lien Holder Approval Lien Holder Approval means that the seller must,…
There are three critical pieces to getting your home sold successfully. I call them the 3P’s. The 3P’s are Preparation, Pricing and Presentation. The most critical component of the 3P’s is pricing. I will focus on your home’s list or…
One of the more critical pieces of your short sale package is the Short Sale Hardship Letter. Lenders are concerned about limiting risk and their losses With a Short Sale Hardship Letter, your basically saying…. “hey, I’ve got a problem…
When choosing a list price for your home, realize that the price you choose will have a direct impact on the buyer activity and response. In today’s real estate market it is important to list your home right at the…
As an Massachusetts Short Sale Realtor that both lists and shows short sales, I would like to stress to short sale sellers that good showing principles still apply. You must compel people to buy your home. I am not saying…
Showing your home leads to offers. I think that it goes without saying, that in most cases, the more showings you receive on your home the more likely you are to receive an offer. With that said, I write this…
A question just cam up on Trulia… What does lower owner occupancy mean and why would a 20% requirement down be needed? What is owner occupancy ratio? The owner occupancy ratio is a term you see when purchasing a condominium.…
Home sellers starting the short sale process will many times ask if they should stay in their home or leave while the short sale is in progress. While there are pros and cons to both, I think many times you…
Showings= Offers, No showings= No offers. I write this post because I tried to set up showing for 2 sets of buyers this weekend. Buyer #1 chose five properties, out of the five, I was only able to schedule two…
Struggling to make burdensome mortgage payment or having to face foreclosure leaves you thinking should I consider a short sale. While foreclosure is an option their are distinct advantages to a short sale. Should I consider a short sale? Credit…
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