Even in the best of times the real-estate market is competitive.
With the recent avalanche in the economy, an increase in the number
of houses and properties selling for one third their last appraisal
is now happening. As the Feds pump more money into the system it
would be a mistake to believe the economy is starting to recover.
This is not a good time to carry the note or even the second note,
for anyone. But it is a good time to get out from under any property
that has heretofore not been performing well. According to the 2009
Mortgage Choice First Homebuyers survey, the number of people who
are in the position to purchase new homes has increased 19%. If you have put your house on sale, then it could be a sad and painful experience seeing it remain unsold for a while. Remind yourself that not everyone is a prospective buyer that whizzes on by. Those that do stop may be just curiosity seekers, or worse.. FBI Sources point out that in 2009 the Treasury Department received 62,000 reports of mortgage fraud -- more than 5,000 each month. The number of criminal mortgage fraud investigations opened by the FBI has more than doubled over the past three years. Professional Real estate agents recommend that you use: • Home staging Home staging is a new service being offered in real-estate marketing. In reality this is just redesigning or arranging furniture around the home to make it more neutral, homey and comfortable for the clients. Home staging can help clients picture themselves in the house and owning it. |
• Hire a good agent. I too suggest that you hire a good
agent. A good real-estate agent would have enough contacts and
tools to introduce your home to hundreds more people than you
can reach. They also screen most of the curiosity seekers out of
your hair. Most importantly, they have the legalese to see the
loan process squeeze through when a genuine buyer appears on the
scene. The loan company will be demanding document after
document and many times you won't even know what document is
being asked for. Sure, you will be giving a commission to the
agent when the sale is concluded. But oh my goodness, what
hassles will be smoothed out for you by good real-estate agents.
When choosing an agent, make sure to check their references,
background, and experience. Ask if a walk through is part of the
package; a walk through will point out sales points that you can
work on to improve the possibility of a sale. Remember that a
good agent should know your neigborhood and its recent home
market history. As truthfully as possible, answer any questions
the agent has for you. Little lies can come back to bite you
years later. |
No advice on this site should be used
without first contacting another professional in that field.
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