Friday, April 8, 2011
Time for Change
I just wanted to let everyone know that I am taking a hiatus on blogging for Real Estate to focus my time on a few new projects, especially Hello House! Still, let me know if you have any real estate questions and I'll be happy to help!
Friday, April 1, 2011
New Website(s)!
There have been a ton of changes at Keller Williams the past month and I figured it was time to give my website a makeover. Check out my website rosemarywatsonrealestate.com and soak in all the new info on there! Also, Keller Williams has made each agent a new website, where their clients can connect directly to the MLS and perform searches for themselves! Go to rosemarywatson.kwagent.com to start your search today!
Wednesday, January 26, 2011
Do you know someone who may Foreclose on their home?
For the next few months I will be focusing a lot on Distressed Homeowners- anyone who is in danger of losing their home. A lot of people are scared and uneducated about their options, so Keller Williams has written this article to let them know we are here to help.
Do You Know a Homeowner Facing Foreclosure? Here’s A Way Out.
Headlines today are filled with stories about homeowners in financial distress—people who face a lender’s foreclosure on their home.
Millions of American home owners are wondering what to do.
Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “just let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true.
While government loan modification programs have fallen short of the mark so far, there is another solid, sensible option for homeowners. It’s called a short sale—a sale to a buyer where the seller’s lender agrees to accept less than the full amount owned.
Why not be foreclosed? Why sell short? Agents who have closed hundreds of these transactions provide this list of reasons:
Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any mortgage application and (many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.
Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—about half that much.
Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.
Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.
Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.
These are the top reasons, but there are more. An expert short sale specialist agent can give a full picture of the options.
One more tip. Don’t believe everything you read about how long short sales take and how few get finalized. Short sale timelines, while still longer than normal, are shrinking as lenders get their paperwork act together. Find out who the top short sale agents are in your market. These pros are closing 70 to 90 percent of the short sales they represent—more than three times the national average. They know where to find buyers, and how to negotiate the buyer’s offer effectively with lenders and get the deal closed—so the homeowner can move on with life and recover.
Do You Know a Homeowner Facing Foreclosure? Here’s A Way Out.
Headlines today are filled with stories about homeowners in financial distress—people who face a lender’s foreclosure on their home.
Millions of American home owners are wondering what to do.
Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “just let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true.
While government loan modification programs have fallen short of the mark so far, there is another solid, sensible option for homeowners. It’s called a short sale—a sale to a buyer where the seller’s lender agrees to accept less than the full amount owned.
Why not be foreclosed? Why sell short? Agents who have closed hundreds of these transactions provide this list of reasons:
Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any mortgage application and (many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.
Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—about half that much.
Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.
Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner and collect any amount they do not recover at sale.
Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.
These are the top reasons, but there are more. An expert short sale specialist agent can give a full picture of the options.
One more tip. Don’t believe everything you read about how long short sales take and how few get finalized. Short sale timelines, while still longer than normal, are shrinking as lenders get their paperwork act together. Find out who the top short sale agents are in your market. These pros are closing 70 to 90 percent of the short sales they represent—more than three times the national average. They know where to find buyers, and how to negotiate the buyer’s offer effectively with lenders and get the deal closed—so the homeowner can move on with life and recover.
Thursday, January 20, 2011
Exciting News from Keller Williams
On Monday I will be attending a class on the new Keller Wiliams Stimulus Plan that we will be launching next month to help all kinds of buyers get some GREAT deals on homes! Once I get all the details, I will share with everyone- but here is a video of the plan that another office launched last year in a different state to preview as a sneak peek for what's to come!
Monday, January 10, 2011
Organization Tips For the New Year
Get a fresh start to 2011 with some Martha Stewart Organization Tips. This is especially helpful when moving into a new home-it's a perfect opportunity to get your life organized.
Friday, January 7, 2011
Home For Sale-3704 E Waite Lane
We have a ton of great listings right now in our office, in all sorts of price ranges. This house is one of my favorites:
It's in Cooley Station, a lovely little community in Gilbert and it's a bank owned property so it's a great deal listed at $131,500. Call or email me today if you'd like to view this home in person!
It's in Cooley Station, a lovely little community in Gilbert and it's a bank owned property so it's a great deal listed at $131,500. Call or email me today if you'd like to view this home in person!
Thursday, January 6, 2011
This Month In Real Estate-January
This month's video talks about a possible housing shortage across the country, which would mean greater demand and turning this buyer's market into a seller's market.
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