Valley Center Homes - Encyclopedia of Real Estae

Real Estate Encyclopedia of Value

4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.

1. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.

2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.

3. Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.

4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.

DON'T DELAY
Right now may actually be the best time to buy or sell a home. Call me today to improve your financial future!

Supplemental Tax Calculator
When a change in ownership occurs you will receive a “one time” supplemental bill (or refund). If the change in ownership occurs between January 1 and May 31, two supplemental bills (or refunds) will be generated.

It is a gross understatement that we are living in a very unique time with regards to the economy and especially, real estate. This means that it may be necessary to do some unconventional thinking about our real estate assets.

What is a Short Sale?
A short sale in real estate occurs when the outstanding loan is greater than what the property can be sold for, and your lender agrees to accept less than the total owed. This is a basic outline of what we do for you.
1) Verify the value of your property.
2) Add up all the costs of selling the property by providing an estimate of closing costs.
3) Determine the amount owed against the property. This will be the total of all loans against the property.
4) Do the calculations. Subtract the total amount owing against the property from the estimated proceeds of the sale. On a short sale, this will be a negative number.
5) Contact the lender(s). I will find the specific department or manager to inform them of your situation.
6) Ask the lender what its procedures are for a short sale. Some lenders are willing to work with you, others will look to the agents involved to see it they are willing to make concessions to make the transaction happen. Still other lenders will tell you that your debt is your responsibility, one way or the other.
7) Sell the property.

This is a very complicated process! You must carefully choose the people who will represent you in the sale of your home. It is important to use a Realtor® with experience in foreclosure and short sale procedures! Call us before it's too late!

Verle & Helen Yoder
(760) 522-7548
(951) 440-6219
Email Us

333 S. Juniper St. #105, Escondido, CA 92025