Posts Tagged ‘who can help me with a short sale’

Ever had to say that to your real estate broker? Not a pleasant conversation.

Most property owners, as well as real estate buyers, must remember that interviewing a broker is an important process that should not be avoided. Successful real estate teams always interview the people they may potentially work with. That is because four key components are talked about for winning in today’s market. These components are loyalty, motivation, expectations, and time-frames.

Loyalty, no one wants to work with a disloyal broker, much less entrust them with their real estate and goals. Same is true from a broker perspective, a good broker sees the person as a client, and a great broker sees the person as a partner. How do you know if your broker is loyal? Check their references, past partners (clients) will share with you their experience.

Motivation. Ever had a conversation with a person and felt tired afterwards? There is a good chance there was no motivation present. Unmotivated brokers will cost you money upfront and in the long run. Avoid them. Work with motivated brokers only, and don’t be shy, bring your motivation to the table too, brokers appreciate that.

Expectations. Unspoken expectations inevitably become unmet expectations. Why? Because it was never addressed from the start. Good brokers wait for you to voice your expectations, but great brokers, will ask you the tough and detailed questions. They do this because they know what is up ahead, and genuinely want to help you meet your expectations and address any unrealistic ones.

Time-frames. Whether a family is facing foreclosure; a job transfer awaits in another city; moving in before the kids start school; and so forth; all these examples have a dead-line. When time-frames are met, all is well, but when brokers and clients fail to communicate important dates, then unwanted scenarios occur. Your broker should take the time to know your important dates.

You do not need to interview tons of brokers. Interview one at time until a broker is a match for you in the aforementioned four areas. If there is no connection with that broker in those areas, then interview another broker until you find your match. Look at it as speed dating! You might find your broker on the first try or fourth one, the important thing is you work with someone that understands you, and can help you go from where you are to where you want to be.

As always, we provide FREE reports and information about today’s market at http://www.NissiAgents.com. You may always call our FREE 24-hour voice-recorded line at, 1.866.476.1677 Ext. 455 with any questions you may have about today’s market.  Feel free to connect with me personally through social media 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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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.