August 2011 - Posts
Hollister CA – The Stop Foreclosure Institute recently received a question from Trudi. Here is Trudi’s question. "I am in the middle of the third offer on a short sale. I just recently received foreclosure papers. Is there a way to stop
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Hollister CA – When another agent brings a buyer to look at your home, your Realtor should follow up afterwards. If you want to sell your home, it needs to show well. Here are a few tips. 1. Open the blinds and curtains. Bring in as much outside
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Hollister CA – When another agent brings a buyer to look at your home, your Realtor should follow up afterwards. The Realtor needs to get feedback on what the buyer thought of your home. If the buyer liked your home, the Realtor will ask if he's
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Hollister CA – When another agent brings a buyer to look at your home, your Realtor should follow up afterwards. The Realtor needs to get feedback on what the buyer thought of your home. If the buyer liked your home, the Realtor will ask if he's
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Hollister CA – Unique properties usually have a "love it" or "hate it" aspect to them. A great example is pool homes. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Some buyers
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Hollister CA – Here's a story that illustrates this point. An agent I know was hired to sell a 30-acre tract of land. Several months earlier she had spoken with a buyer who was looking for a similar property. Click here to discover how other
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Hollister CA – This MLS Mistake could cause the right buyer to never look at your home in the first place. The Multiple Listing Service (MLS) is the first place an agent representing a buyer is going to look for homes for sale. Click here to discover
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Hollister CA – A lot of agents think buyers don't like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market. They know they're more likely to buy a home at a fair price when
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Hollister CA – Doesn't it annoy you when you hear a large national bank's hold music tell you it cares about its customers? The hold music sings the bank's praises: "We at (Insert your bank's name) appreciate your business.
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Hollister CA – The Stop Foreclosure Institute recently received a question from Brett. Here is Brett's question. "How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely
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Hollister CA – The Stop Foreclosure Institute recently received a question from Ryan. Here is Ryan's question. "I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have
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Hollister CA – Short sales can take a long time. The banks are difficult to deal with, and many agents do not understand short sales and thus don't know what they're doing. Because of this, many buyers shy away from short sales. Or if they
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Hollister CA – Many times you will feel pressure to reply right away to an offer. But that doesn’t mean you shouldn’t negotiate. Buyers are impatient. If they really like your house, they will want a response to their offer right away.
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Hollister CA – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation. I have seen people kill a potential sale to a person who would have been willing to pay top
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Hollister CA – Many buyers will ask what your bottom line is. They know they can usually negotiate a home seller down to an even lower price. Don't fall for it. You've already made the first move by setting a price for your home. Tell the
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Hollister CA – This is the worst sin of negotiating. Don't tell the buyers or their agents your life's story. What do you think would pop into a buyer's head if he heard this out of a seller's mouth: "We must sell the home because
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Hollister CA – Despite what you have been told, price isn't the only reason people buy. Maybe they really like a certain feature in your home. They might be willing to pay more because of that feature. Sometimes they might even absolutely love
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Hollister CA – Some buyers will think that since your house is a short sale, they can make any lowball offer. Many sellers get offended over their offers and turn them away. After going through many short sales, we have actually found that lowball
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Hollister CA – If you are considering buying a short sale, then you should know what you are getting involved with. First off, congratulations! Buying a short sale is a great decision. Most short sales usually sell for 3-5% less than other comparable
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Hollister CA – The Stop Foreclosure Institute recently received a question from Kristine. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Here was Kristine’s Question: "I bought a condo
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Hollister CA – Once the lenders have solid data in place to find and measure the problem, then solid decisions can be made to fix the problems. Our last blog post detailed how to get that data. Once you have the data, then you can have accountability.
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Hollister CA – In our last post, we agreed that the first step in fixing the flawed short sale process is to acknowledge what the problem is. We agreed that the problem is that the lenders and investors are losing billions on defaulted loans. In
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Hollister CA – Many agents have been complaining that the short sale process is flawed. A recent survey of realtors showed that over half of them thought the short sale process was difficult. Some of the agents complained that they are "struggling
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Hollister CA – In a recent blog post, we ran some numbers on why a short sale reduces a lender's losses by 20% compared to a foreclosure. Today I'm going to add all the numbers together. That way we can see exactly how much this lender lost
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