Posts Tagged ‘hesperia short-sales’

Is the real estate market really that great? For some it is, for others, they may still owe more on their home than what it is currently worth. Therefore, when you hear the media say the real estate market is great, the public must be aware that not all homeowners are immediately benefiting from current home appreciations.

A healthier real estate market is beginning to show, but reality is not all homeowners will see their home prices go above year 2005-2007 prices in the next 12 months. Banks are still conservative in their lending practices, and appraisers are cautious on their appraisal reports. It is a daily battle for brokers all over Southern California to find an agreement between over-asking price offers and appraisal evaluations. The market is steadily coming together to a healthier price point, but not as fast as many distressed homeowners would like.

This leaves us with the families that have missed home payments due to hardship; anticipate missing a payment in the coming days; owe more on their home than what it is currently worth and need to relocate, and you get the picture of these scenarios. This “great” real estate market is not quite fair to all parties yet.

Ironically, while real estate has experienced appreciation the nation’s unemployment rate of 7.6% as of June 2013 has not dramatically improved in the past 12 months. This reminds us that job creation plays a vital role in real estate values. For example, a couple of years prior to the real estate boom in 2003-2006 the unemployment rate was as low as 3.9% in the year 2000, according to www.deptofnumbers.com. Needless to say, there are still many distressed households that need a fresh start due to unemployment and other hardships.

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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 to pursue your fresh start. First, share your specific situation to a certified Realtor who understands the short-sale process. Second, become informed of all of your options. Third, with help of your Realtor, decide the best option for you and take massive action until completed.

We realize that distressed homeowners have many questions. Therefore, we will be hosting a FREE Pre-Foreclosure Solutions Seminar for homeowners on Saturday, July 20, 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. 488. (or email at info@nissiagents.com) 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 family member,  a friend, or neighbor that may also benefit from this. The more you give, the more that comes back to you.

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