for sale by owner,fsbo,homes for sale,real estate,real estate for sale,houses for sale,house,houses,home for sale,home,homes,house for sale,mortgages,homes for sale by owner -->
 
Picture
 
 
See if you are eligible for a Home Affordable Refinance:
Check your Eligibility:
Are you the owner of a 1-4 unit house?
Do you have a loan owned or guaranteed by Fannie or Freddie?
Are you current on your mortgage payments?

Is the amount you owe on your 1st mortgage the same or less than the current value of your house?    (can’t exceed 125% of current market value)
If you answered yes  to all of these questions you quality but only your loan servicer can make the final determination so you need to contact your servicer for more information.

You will need to collect the following information:

  • Information about your mortgage, such as your monthly mortgage statement and
  • Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.
  • Your most recent income tax return.
  • Information about any second mortgage or home equity line of credit on the house.
  • Account balances and minimum monthly payments due on all of your credit cards.
  • Account balances and monthly payments on all your other debts such as student loans and car loans
 
 
What are home sales doing now? The impact of the Tax credit is supporting home sales for another quarter. Home sales jumped up by 11% over last quarter.  Some of this is also driven by sustained low mortgage rates. What does this mean for 2010? Have we seen the bottom? I don’t think we have. In my local market consumer expectations of lower prices next year are driving demand for homes down at this time. If you have a home that you have been trying to sell and it’s price right (holding everything else constant) but hasn’t sold after 6 months this may be why. Until consumer expectations about lower prices changes (which probably won’t happen until another 12-18 months) I’d rent it out.  If you must sell then contact me at yrussell@ramx.net We specialize in handling distress properties.

 by Yvonne Russell

 

 

 

The opinions expressed here are my personal expert opinions as a realtor and are to be used  for general information purposes only.  
 
 
1) Don't put your home on the market before it's ready
2) Making improvements that pushes you above your market area. You don't want to be the most expensive home on the block.
3) Pricing your home for the amount you want to net instead of what the market will bear.
4) One of the biggest and easiest mistakes to make is making the sales process emotional. The most successful FSBOs are objective and view their home as a commodity.
5) Failing to make full disclosure of issues with the home. Texas requires you to use a Seller's Disclosure form to advise the buyer of any known problem with the property.
6) Failing to seek professional advise. I would be happy to consult with you. Email me at yrussell@remax.net.

By: Yvonne Russell
 
FSBO Facts 11/12/2009
 
Percent of US real estate Transactions that were for sale by owner:

12% in 2006
13% in 2005
14% in 2004
all time high was 20% in 1987*

Source: NAR