Selling your home in 22 days?

Need to sell your home fast?
These are the first steps. .

Selling home fast can be done with the help of a professional since you may not have expertise in selling houses. Be aware that the competency of a Realtor lies in his/her experience. How many home have they SOLD in the last 12 months? A good Realtor will point out the very best part of your home to the future buyer. Making your home look great and attractive. If you aren't ready to trust your Realtor's opinion as to what to do to prepare your home to sell. . then you should look for someone else.

In this market, preparation is the key. We are still selling homes and beating foreclosures, short sales and fixer uppers to the punch. .the key is presentation.

We recently concluded a sale for a townhouse in Gaithersburg,Maryland. We sold it in 22 DAYS . .we had a short sale and a foreclosure competing with us in the same street priced thousands of dollars less !

Yesterday we concluded the closing. . in my way back to pick up my Lock-Box, I noticed them . . . .they they were . . still for sale.

WE BEAT THEM TO THE PUNCH!

For a free consultation as to HOW TO SELL YOUR MARYLAND HOME FAST!

Please contact me at the number below

Need immediate help? Call 240.426.5754 right now!

Fernando@ReallyNiceHomes.com

Foreclosure Report

Home Foreclosure Report

Home Foreclosures grew by 7% percent in May and increased by 48% annually, according to a

report released by RealtyTrac.

That is the highest rate since the firm began tracking foreclosures in 2005.

One in every 483 U.S. households received a foreclosure notice during the month.

If you are facing difficult times, my advice. . don't do it alone.

There is assistance at a county level [ Community Action Agencies] available.

A short sale could help you avoid foreclosure all together. .

A Professional Realtor that specializes in short sales could help you seee your options to make a sound decision that will protect your best interests.

For a no obligation consultation if you may be a candifate for a short sale. .Herboso & Associates is available if you just call. .

for SHORT SALES in Maryland, DC and Virginia

Need immediate help? Call 240.426.5754 right now!

Fernando@ReallyNiceHomes.com

What Percentage Of Sales Price for a Short Sale ?

What Percentage OFF Sales Price for a Short Sale ?

I've been asked many times about this. The short answer is : Depends
Here are 3 things that will determine this question:

#1 Are there any similar comparables. If two houses are alike and one SOLD for $100,000 and the other one is a short sale. The percentage of the sales price from this comparable should be less that the amount it will cost the bank to foreclose the property. If the cost to foreclose a property from XYZ Bank is $20,000. .then an offer of $81,000 will make sense to the bank. An offer below $80,000 will not make sense to be accepted by the bank.

#2 Of course there are many conditions to be in line before a short sale can be accepted. The number 2 reason to validate a percentage of the sales price during a short sale is by knowing if there are two or only one bank holding the note. From the last similar comparables you can deduct that bank #1 holds 80% of the mortgage. .and bank #2 gets the "short" end of the stick
If bank #1 can get their 80%. . bank #2 will try to get whatever they can get. . .after they realize that the property value doesn't give them a chance to get anything. When bank #2 is the same bank. . they maybe willing to write it off.

#3 The percentage off the sales price when it is a short sale will also be determined by BPO.
The Buyer Broker Opinion plays a huge role in determining what percentage off you will be paying when buying a short sale. Proving to the bank that the property needs major work could get you an offer accepted 30 to 40% below the last comparables.

As a listing agent for close to 20 active short sales, I ask my dear Realtor friends that I don't care how low your offer can be. ..I will submit it to the bank. . .as long as you can send me a comparable that supports your offer amount.