Selling your Home
The best way to sell your home is to hire a licensed real estate agent. A real estate agent will utilize his or her resources to how you accurate recent sales data in your area to help you determine what fair market value is. A licensed agent will know exactly which legal contracts your particular property requires in order to keep you and the Buyer away from a lawsuit. A licensed agent will also have the expertise to give you simple, cost effective pointers on how to stage your home yourself that will have a huge impact on the curb appeal and make the inside seem fit for any buyer. Often times a homeowner might be temped to sell his or her home without the expertise of a licensed real estate agent which is known as "For Sale By Owner." Real estate sales transactions involve several legal contracts that serve to keep both the Seller and the Buyer out of any lawsuits. Only a licensed real estate agent can make sure that all of the legal documents necessary to sell your home are properly executed. For this reason, many Buyer's agents avoid showing "For Sale By Owner" properties to their clients all together. It's hard enough for a Seller to find his or her own Buyer who is willing to pay fair market value as it is. Don't be a victim. Hire a licensed real estate agent.
A short sale is a home that is listed for sale at a price lower than the amount owed on the mortgage. Homeowners hope to sell their home as a short sale to avoid going into foreclosure. What can make it difficult to buy a short sale is that there are often two mortgages on the home and both lenders must approve the sale. The ownership of the mortgages on a short sale home usually belong to more than one party, so you'll likely have to convince multiple banks and lenders to take a loss on their original loan. This is why it often takes so long to approve a short sale offer. If the short sale fails and the homeowner can't afford to pay his mortgage, then the bank forecloses on the home. Realty Rx has been negotiating short sale transactions for over a decade and knows exactly how to coordinate all parties (Buyer, Seller, Escrow, Title, 1st and 2nd trust deeds, and additional lien holders) to keep you out of foreclosure and get your home sold. Realty Rx has negotiated and closed over 250 short sales. Many of these Sellers have already recovered, taking advantage of the low interest rates, and have purchased new homes again! If you have found yourself struggling to make your mortgage payments on time and are seeking a new start, a short sale might be the perfect solution for you to gain control of your real estate health. To find out if a short sale is right for you, Call Today (619) 788-6531.