Archive for March, 2012
We’re seeing a little ‘spring’ in Mission Viejo residents’ steps when it comes to selling a home! This is great news for the Orange County real estate market, and we thought it would be a good time to give homeowners a few tips on how to sell a home with ease.
Selling a Home – Tips For Survival
- Market on the Internet. According to NAR, 89% of homebuyers start online with a home search. Your home MUST be on Zillow, Trulia, Realtor.com, Redfin and other national homesearch websites. In addition, your property should have its ‘own’ .com, at least 10 GOOD photos, and a virtual tour. Remember, the internet never sleeps, and it’s your best referral partner if you let it be
- Make your home easy to show. Do NOT, I repeat.. DO NOT, make it difficult to show your property. 24 and 48 hour advance appointments significantly decrease the amount of buyers who will walk through your property, and that will affect your bottom line! Yes, its a pain to have people walking through your home, but keep your eye on the end goal. You want to sell for the highest return, right? A ‘call first – go direct’ status in the Multiple Listing Service will allow you to get the ‘heads up’ you’re getting a visitor soon, but also allow agents and buyers to quickly and easily access your property.
- Don’t be discouraged by under-asking offers. Its a buyer’s market right now. Buyers want a good deal. If your property is priced higher than the last property that sold in your neighborhood, expect an offer to come in at the price of the most recent sale, or even below. This isn’t a reason to get offended, its an opportunity to bring a deal together!! If you did your homework and selected a good Realtor who knows the neighborhood and how to negotiate, you’re on your way to opening escrow. Losing your patience or being closed minded will only cost you in the end. Work WITH your agent and your buyer to get the property under contract, and life will be so much less stressful ;)
If you remember these tips when you go to sell your home in Mission Viejo or anywhere here in OC, you’ll have a much better experience. The Weeks Team is well versed in Short Sales and Equity sales, call 877-230-3211 today to set an appointment for your market analysis. (And NO, Zillow doesn’t have all the right answers. Don’t gamble with the biggest investment you have! Its a great reference site but nothing compared to a professional Realtor who has served the city of Mission Viejo for years)Read Full Post | Make a Comment ( None so far )
Orange County Association of Realtors had a PACKED house today to listen to Sean O’Toole, founder of Foreclosure Radar (www.ForeclosureRadar.com) speak on the state of the OC foreclosure market.
Currently there are over 2 million homeowners in CA who are under water, and there appears to be about 41 months left of foreclosure inventory that needs to be liquidated. Lots of buyer and investor opportunity there!!!
Are Orange County Foreclosures Going Up, or Down?
As of Sept 2008 and the announcement of the HARP program, the foreclosure activity is SIGNIFICANTLY DOWN, and continues to decline. This is great news for the homeowners struggling to modify or refi underwater loans. The banks are really starting to work with borrowers to create a solution other than foreclosure, but of course there are still plenty of properties that still need to go that route.
Are you interested in finding foreclosure stats for your city?
Here’s a great link of Orange County foreclosure zip codes and foreclosure activity.
Where are OC foreclosures headed now?
Well, the government does continue to help us ‘extend and pretend’ as Sean says. He’s projecting at least 4 more years of foreclosures, BUT, there will be NO WAVE of foreclosures the way many murmur about. The banks are just not solvent enough to flood the market with foreclosure listings like everyone wants or expects them to. The REO market continues to slow, and Foreclosure Radar experts expect it to continue to decline. They are expecting loan mods and short sales to increase.
What does foreclosure spiral look like from an emotional standpoint?
The entire process is completely draining to the homeowner, and Sean actually put it in a new light as a ‘blessing’ to some. It’s better than having a huge burdensome payment for the rest of your life… or even worse.. having your children be forced to take on your bad debt like other countries. When you look at it like that, he’s right. BUT, we still think its much better to short sale or modify, which is why we created our Ten Dimensions team to help homeowners who are fighting foreclosure.
Why don’t people talk to their Realtor when they’re in the foreclosure process?
Many feel shame, and Sean said its so hard for him to hear people reach out to HIM, but not to their real estate agent. Believe me, your agent probably had to fight foreclosure before you did. TALK TO THEM, the sooner you ask about options the more you have!!!!! If you need someone to trust, you can trust The Weeks Team and the Ten Dimensions Team.
Call 877-230-3211 or email email@example.com to schedule a foreclosure consultation appointment.Read Full Post | Make a Comment ( None so far )