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How a Hollister Short Sale Realtor Determines the Value of Your Home

Hollister CA – It's very helpful in loan modification negotiations to know the fair market value of your home. You can use the value to convince your lender to accept your loan modification offer.

As an experienced Short Sale Realtor, I can help you determine the value of your home. Here's how I do that.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

First I will look at all the homes similar to yours that have sold in the last six months. I will pick out the three homes that are most similar to yours. Here are a few things that will cause me to pick one home over another: homes with very similar features, number of bedrooms, and number of bathrooms.

I also prefer to use bank-owned and short sale properties. Yes, it's true that bank-owned properties usually sell for less than nonbank-owned homes. But if your lender denies your loan modification or short sale and chooses to foreclose, then it will be selling the house as a bank-owned property. I might as well use the comparable sales closest to how they will be selling the property.

After I pick the three closest comparable sales, I do a Comparable Market Analysis. First I make adjustments to the other sales. For example, if a home has 10% more living space, then I might adjust its comparable value by 5 to 8%. After I make all the adjustments, I average the sales price of the three similar homes. That gives me the fair market value of the home.

This process is very similar to what appraisers do, but it is not an appraisal. Rather, it is a Realtor's professional opinion of your home's value. The professional term for it is "Broker's Price Opinion," or BPO.

Is it a good valuation of your home? Well, the banks think so. In fact, they use another Realtor's opinion of the value to determine if they should approve or deny a short sale.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (831) 636-8858.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "How a Hollister Short Sale Realtor Determines the Value of Your Home" is provided as a courtesy to our readers to help them make informed decisions.

Comments

Lashunda D. Sharp said:

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# January 28, 2018 1:39 PM
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