Wednesday, December 12, 2012
Lisa Loper of the Scott Loper Team talks about the demands placed on a short sale seller.
Sounds easy to sell a home via a short sale? Think again. When a bank approves a short sale, they want to be assured that the seller is not able to pay the debt owed and forgiving the outstanding debt will be a better business decision than foreclosing on the property. The bank will do whatever makes more economic sense to them. The seller of a short sale will walk away with bad credit instead of the really bad credit associated with a foreclosure. Typically the seller can also get the deficiency waived by the bank but this is not always the case with a short sale. A seller may need to file for bankruptcy after a short sale or foreclosure in order to get the deficiency judgment waived. In rare cases, a bank may give the seller a …
Wednesday, February 1, 2012
Make your home as available as possible to prospective buyers
You’ve heard good real estate agents talk about how to prep your home to get it sold, how the first physical visit by a prospective buyer is actually the “second” showing, if it was marketed correctly on the internet with high quality photos, photos and more photos, how condition of the home is as important as location in today’s market. So if you’re a seller and you’ve completed this check list, what is the next key element? That would be: making your home as available as possible for showings to buyers. If the house can’t be shown, it won’t be sold and will linger, adding to days on market. And, statistics show that the longer it is on the market the less the seller receives in proceeds. It is not uncommon for buyers to have a bulk…
Wednesday, November 30, 2011
Lisa Loper of the Scott Loper Team looks at a decades-old tradition to help ensure a speedy sale of a home
Not too long ago, I was attending a home inspection with the buyers for a house under contract. While in the front yard looking at the foundation, one of our buyers reached down into a flower bed and pulled a statue of St. Joseph out of the ground. "Look at this! It is St. Joseph," she proclaimed. She smiled as she carefully put the statue back where she found it. Now I will admit, I am Catholic, I know all about the saints, and I have seen first-hand the power of prayer in creating "miracles." I have a ton of faith, but I am no holy roller. I believe more in the theory that "God helps those who help themselves." I firmly believe that things happen for a reason and if something doesn't go our way, then it really wasn't meant to be (…
