Archive for the ‘CRS’ Category

I am excited for what the year 2013 has to bring, but for a moment, Realtors knew serious change was imminent. The Mortgage Debt Relief Act of 2007 had expired on December 31, 2012. More setbacks for “upside down” homeowners were expected. For example, homeowners that did not complete a “short-sale”, prior to the mentioned date, could anticipate a change in after sale tax consequences.

Suddenly, great news arrived! In early January, with all the fiscal fiasco, a revived miracle happened. U.S. Congress extended the Act of 2007 for one more year. In other words, December 31, 2013 is the new expiration date of this Act. Many current homeowners that still need to complete a short-sale could use the many benefits it offers for a distressed homeowner.

If there was ever a good time to put a home up for sale, it is in 2013. With experts such as, KCM Crew, from Holbrook, New York, projecting 3-3.5% appreciation nationwide on home values, and increase of bank cooperation with homeowners and Realtors, things are looking better for the real estate recovery.

First, what is a short-sale? CDPE (Certified Distressed Property Expert) training says, “A short sale is, and occurs, when a negotiation is entered into with the homeowner’s mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then ‘sold short’ of the total value of the mortgage and foreclosure is avoided.” A question many still have, “How do I know if I qualify for a short-sale, and will this Act of 2007 still benefit me?”

If you, a friend, a family member, or a neighbor owes more on your home than what it is currently worth, here are some recommendations. First, share you specific situation to a certified and trained Realtor who understands the short-sale process. Second, become informed of all of your options. Third, with help of your certified and trained Realtor, decide the best option for you and take massive action until completed.

We realize that homeowners have many questions. Here are some helpful things you can do right now. If you or someone you know is wondering if they qualify for short-sale; qualify for a possible $3,000 assisted relocation money; need better understanding of this extended Mortgage Debt Relief Act of 2007; or, if you were told in 2012 you couldn’t do a short-sale, but still have nagging suspicion you were misinformed, then please feel free to download right now our FREE reports at http://www.BeatBankRepo.com for immediate answers.

Last, we will be hosting a FREE Pre-Foreclosure Solutions Seminar for homeowners on Saturday, January 26, 2013 at 11:00am-12pm in Hesperia, CA. Please call right now our FREE voice-recorded line to RSVP at, 1.866.476.1677 Ext. 01753. As always, feel free to connect with me personally at: www.JoinDNA.com. If this article helped you in any way, please share it with a loved one. The more you give, the more that comes back to you.

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A couple of weeks ago we talked about how a home is like running a business. In this article we will move straight forward into household budget tips promised from part one of the previous article.

A household budget consists of eight important categories. They are the following: charity, saving, food, utilities, housing, transportation, clothing, and personal. When a person gains control over each of these areas, they eliminate a weight of apprehension and can step into the flow of anticipation.

First on the list, charity, it is a simple yet amazing concept. Givers flourish, and more comes back their way. When thinking about giving ask one simple question, “How can I contribute back to the world with my money in a way that represents me?” You’ll be amazed at the answers you have, start with one, and as you increase financially you’ll do far more than you imagined. The key is to start with what you have, not until you have. Second is saving, set an amount you will save based on your current income level and start there. The key in saving is to eventually save at least six months of total household expenses in case of an emergency. Saving is not meant to create wealth, that’s what investing is for. Third is food, these are the monthly expenses of all the food from groceries and dining out. Fourth is utilities, identify consistent expenses in things like gas, water, electricity, phone, internet, cable, and so forth. Fifth, housing, this expense category should be fairly exact each month, these include your first mortgage/rent, second mortgage, real estate taxes, repairs, homeowner insurance, and so forth. Sixth, transportation, these are your car payment(s), gas and oil, auto insurance, repairs, tires, and any other car related expense. Seventh, clothing, these are any purchases for anyone in the household. Eighth, personal, which consist of life insurance, health insurance, disability insurance, child care/sitter, entertainment, gym membership, and any other related expense.

Knowing where you currently stand financially is anticipation. Anticipation helps eliminate unnecessary guessing and causes productivity to soar like an eagle! I highly recommend all my real estate clients to become debt-free and to make that their goal even when it looks “impossible” to start. The best kept secret is this, do all you can with all you currently have today, not tomorrow, today. Before you know it, once you apply this principle for 365 times in one year, you’ll be far ahead. Once a family is out of debt they can step into investing, and when investing is done properly, that debt-free individual or family become a force for greatness.

If this article helped you in any way, please share it with a loved one. The more you give, the more that comes back to you. Happy 2013!

Feel free to contact us at 760.596.9856 or email us at info@NissiAgents.com for a FREE sample household budget. As always, if you like to personally connect with me for awesome social media updates, please do so here: http://www.JoinDNA.com

A couple of weeks ago, millions of Americans experienced Black Friday sales. Do you know why it’s called Black Friday? In short, it is because most businesses’ profit and loss statements enter the “black” from the success of those sales, in other words, they break even and enter into a positive. Every month we are either in the “black” or in the “red,” as it relates to our finances. There is income and expenses, and we are either at a profit or a loss. Sounds like running a business, right?

Your home is like running a business, and it is one of the most important topics in any real estate market. When I meet with property owners I run into many different personalities. Some owners are extremely organized, and others seem to make it through life with no cares and somehow the mortgage, household expenses, and so forth get paid.

Part of owning a home means knowing as accurately as possible how much income you receive and the expenses that exist each month. It comes down to an important topic I teach in real estate ownership and investing, apprehension vs. anticipation. When we anticipate we create greater chances of winning consistently, and when apprehension is present we slow down our progress.

For example, a homeowner who is projecting in the year 2013 on listing their home for sale, it is recommended to begin the preparation process 7-10 months in advance, because it helps eliminate much of the guess work (apprehension), and helps a property owner better position themselves for the day they go on the market (anticipation). There is more detail involved in the process, but the point I want to share is simple: apprehension will cost you time & money, anticipation will save you time and make you money.

In the next article I will share a basic strategy to set up a household budget that can be immediately implemented. Start running your home like a business, and watch your personal finances avoid “the red” and consistently stay in “the black”. If you are a homeowner that is considering selling at some point in the year 2013, please do yourself a favor, and begin preparing now. Feel free to contact us at 760.596.9856 or email us at info@NissiAgents.com for a FREE Market Analysis on your home to begin the preparation process of what is ahead in the year 2013. As always, if you like to personally connect with me through social media, please do so here: http://www.JoinDNA.com