Archive for the 'Selling a Home' Category
Listing Agents PLEASE
July 6th, 2008 categories: Real Estate News, Selling a Home
I went today to show a past client some rentals, as they have been a victim of lenders not responding to short sale offers. Their home, with a very fair offer, has not recieved a response on the short sale offer they received, and now they are looking for a home to rent.
They were interested in 3 rentals in Tempe. So I met them at the first rental, new to the market- to our dismay- no lockbox-why?. So we went to the next possibilty, on a “non MLS” lockbox that is jammed and we could not get the key to view the home. As a reminder, it is Sunday and 110 degrees outside- thanks listing agents.
We were able to view the third home, nothing special, and of course no pictures on MLS. We certainly learned why after viewing the home.
Is there not a fiduciary duty when you list a home, for sale or for rent!! Should prospective tenants or buyers be able to view the homes. Do your clients really want to sell or rent the homes? From my experince today- I guess not.
Sorry for the rant- Just very frustrated.
| Discussion: 4 Comments »
Short Sale vs Foreclosure-Selling your home in Phoenix
June 29th, 2008 categories: Mortgage and Lending, Phoenix Foreclosures, Selling a Home
I get ask from potential Phoenix home sellers that have to sell their homes- which is worse- a short sale or a foreclosure. 
Both will impact your ability to purchase a home in the future. There are some very important changes coming as Fannie Mae has announced changes that will be in affect starting August 1st 2008.
You cannot purchase a home under the following guidelines and time frames using Fannie Mae Conventional financing:
- Chapter 7 bankruptcy; 4 years
- Chapter 13 dismissed; 4 years
- Chapter 13 discharged; 2 years
- More than one bankruptcy filing in the past 7 years; 5 years
- Pre-Forclosure (short sale of home); 2 years
- Deed in lieu of foreclosure; 4 years
People with foreclosures will have the following restrictions placed on them:
- 5 year time period from completion date to finance or refinance without taking cash out a primary residence with a minimum of 10% down and a credit score of 680.
- 7 year time period from completion to finance a second home or investment property.
- 7 year time period from completion to take cash out of a refinance on any property regardless of occupancy type.
| Discussion: 4 Comments »
Cleaning for the Event-Selling a home in Phoenix
May 24th, 2008 categories: Selling a Home
Apparently, I am an “event” cleaner. I have been cleaning the house this evening and both of my teenage boys asked me “Why are you cleaning” my response “The house is dirty” With 4 dogs and 2 days of rain- there is dirt tracked in from the dogs and the weekly dust bunnies that have collected- It is time to clean, vacuum and remove the dust that collects very rapidly when you live in the boon docks- with dirt roads leading to you house.
Truth be known- if I am hosting an “event” I will clean and make sure the hood looks good, so I guess that is what prompted the “Why are you cleaning” question.
If you are selling your home in Phoenix- do as I say, not as I do- don’t be an event cleaner. To sell a home in the market today- your home needs to shine everyday. Why do you think builders sell homes- MODEL HOMES- people fall in love with the MODELS. Make your home show like a MODEL, price it right and it will SELL.
If you do not have that Martha Stewart gene- hire a home stager- they have that Martha gene and can help you sell your home and make it show like a MODEL.
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