Blog - Archive for September, 2012

Tips when you are ready to sell

September 27th, 2012

Thinking of putting your home on the market? These helpful tips will guarantee you get an offer in the first two weeks.

Price – Price is the most important, first and foremost. Sellers, you know when you go on line, enter your property address and bingo up comes your property value, well, all the Buyers out there can do the same thing. The Internet provides access to a wide variety of sales statistics and history, it’s open territory to all. Contact a local Real Estate agent and listen to what they have to say about prices in your area.  Paying for a professional appraisal of your property before you put it on the market is highly recommended as well. Get the price right and it will sell.

Home and Termite Inspection  – and then fix what needs to be fixed. You know those pesty termites, that leaky faucet, the air conditioning that works like a heater, oh yeah and the paint, take care of it now it will save you $$ in the long run.

Curb appeal – How many times have you driven through a neighborhood and noticed the house with the well groomed lawn, spring flowers and neatly trimmed hedges, what did you think? Exactly! It’s important. Making sure your lawn is clean and green, your front door and fence are painted and put in some flowerbeds or potted flowers, adding a little color and keeping it clean and neat will make a world of difference on how your home is perceived.

Home Staging – OK you’ve decided on the price, repairs are underway, your watering the lawn and its getting greener, flowers are in…its now time for spring cleaning. Nothing can help sell a house more then the presentation when one walks in the door. Minimizing personal items, getting rid of clutter, keeping it clean and fresh smelling well help perspective buyers feel comfortable and welcome

Lastly, Choose your Real Estate Broker wisely – There is a world of difference in what is required today as opposed to a few years ago. Choosing an agent with experience will get the deal done and not bust.

Paul Cruz, Realtor 310-498-4942, paulcruz@associatesregroup.com

Real Estate News: Short Sales

September 24th, 2012

A short sale is the selling of real estate at a price lower then its mortgage. This is because it has a current market value less then the amount of money owed

on it. In a short sale the borrower needs to enlist a Realtor experienced in the short sale process. The Realtor will meet with the borrower to discuss establishing the current market value of the property, the marketing strategy and how they will work with the mortgage lender to reach agreement on an approved sale price. In order to successfully negotiate a short sale with the mortgage lender the borrower must establish they are experiencing a true financial hardship and can no longer keep up with their mortgage payments. The mortgage lender may agree to approve selling the property at a discount but this decision does not always release the borrower from the obligation to pay the remaining mortgage balance known as the deficiency.

Because a short sale is less expensive then a foreclosure the mortgage lender is usually agreeable to a small loss, the borrower can sometimes mitigate the damage to their credit report and the buyer can purchase a well-priced property in good condition, many times in much better condition then a foreclosure that may have been abandoned.

For more information on our short sale services contact L.A. Metro Home for a one on one consultation Contact Us.

9000 W. Sunset Blvd. 11th Fl., West Hollywood, CA.

(310) 498-4942

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