We see the abbreviations everywhere and here are a few common ones and what they mean:
While the typical short sale is not smooth by any means, there are things that sellers can do to keep the surprises and frustrations to a minimum.
I read a something interesting in Realtor Magazine. It had to do with the current buzz words in real estate listings that help to sell homes faster.
Now is this really true, or an over-analysis of something that is far from an exact science?
As real estate agents, part of our jobs is to write as enticing a description of your home as possible to lure buyers to a showing. According to CoreLogic, a leading provider of consumer, financial and property information, analytics and services, certain phrases WILL encourage a shorter time on market and quicker sale.
According to CoreLogic's research, the following phrases had the most impact on a short time on market:
On the other hand, the research found that certain word pairings made for a longer time on market. These include:
Researchers couldn't understand why "gourmet kitchen" would be a negative, but one of the theories was that it suggested a "luxury feature that would lead to a higher property value."
"Ceramic tile" and "granite countertop" in my opinion, bring to mind a slightly older and dated home. Quartz and light engineered wood or faux wood tile is all the rage now.
Interesting how quickly home trends change!
Your MLS listing is VERY important to how buyers first see your home. Is your agent taking the time to bring your home's best features to light? Are descriptions clear and do they paint an attractive picture? Also, are the photos showing off your home to its best potential? Make sure to get a copy of the MLS so you can see what all the buyers out there are seeing!
Source: “Say What?! Public Listing Comments Can Have an Impact on Days on Market?” CoreLogic Insights blog (Aug. 12, 2016)
The California Association of Realtors just released some information on sellers' motivations and their top concerns they have about selling.
If you've ever sold a home, or if you're considering selling your's, do you agree or disagree?
Selling your home can be a breeze with the right frame of mind and the right real estate agent to do the job. Knowing what to expect and having realistic expectations will ensure a smooth sale and keep all parties happy and in sync.
At the Asato Group, we pride ourselves on expert communication, one of the fundamentals of a successful home sale. From start to finish (and everything in between) we will keep you informed and answer all questions as they arise. One of the most important parts of choosing your agent should be how well they communicate and keep you up to date during the entire home sale process. At the Asato Group, we pride ourselves on our accessibility and our open lines of communication.
Do you have any questions on the 7 steps outlined above? Contact us and we'll be happy to discuss your questions or concerns.
You've seen the acronym, and are probably well aware of what your FICO score is, but I thought I'd share some information on FICO directly from the source.
Similar to the way Federal Express eventually became FedEx, the company that develops FICO scores used to be called Fair Isaac Co. It was shortened to FICO and that's it's official name now.
Your FICO score is used by lenders to determine the risk involved with lending you money. Whether its buying a house, car or any item with credit, your FICO score will determine how much money the lender is willing to lend, and at what terms (interest rate).
For information on what makes up your FICO score and what you can do to bring those scores up, click on the link below.
I'm asked this question all the time. Is a short sale really better for a homeowner than a foreclosure?
The obvious issues (impact on credit, ability to get a future mortgage, security clearances, eviction) are explained in the link below:
Aside from the obvious issues that foreclosure brings, I think the stress and heartache are the hardest to deal with.
My clients always tell me how relieved they are once they make a decision to move forward and take control of their situation. A short sale allows the sellers to move forward and get on with their lives, and this is what I think is the most important benefit of all. Making a decision and setting a course with intention is liberating. After months (sometimes even years) of being hounded and bombarded with constant reminders of missed payments and large sums of money owed, the thought of being able to start over with a clean slate almost always brings a sense of peace and hopefulness.
While this is by no means a solution to all of your financial problems, it can certainly be a step in the right direction.
Are you ready for a fresh start? Call us when you are.
So you're in a loan modification, and you've been waiting for an answer from your bank.
Here are some questions that may help you to get a better understanding of where you REALLY stand in the process:
The decision to sell your home is determined by many factors. A big consideration is the amount that you will net after the sale. How much will really be in your pocket once all the costs and fees of selling are computed?
This is where the net sheet comes in. The net sheet will give an estimate of how much you will walk away with after the sale of your home.
While fees will obviously vary, this ball park figure will help you to see the big picture.
Getting a good, firm estimate of your home's market value is key. Select the "Home Valuation Report" tab (above) for the free comparative market analysis. We will pull the comparable properties in your area and give you an estimate for your home's value.
Once you have the value, or if you already have a good idea of what the value is, select the net sheet option below.
Please let us know if you have any questions, we're here to help!
A common question a lot of homeowners ask me is how quickly will they be able to get back into the housing market.
Mortgage lending guidelines constantly change, and banks have tried to regulate the qualifying process in hopes of avoiding a repeat of the 2006 mortgage meltdown.
Call or email me with any questions you may have!