To List or Not To List a Home – When is the Question

The current home-selling market is a favorable one for those making the listing. However, a short supply and high demand aren’t the only factors that a seller should consider when trying to receive the full asking price for a home. Believe it or not, the day of the week the home is actually listed can mean an extra $5,000 for the seller.

According to an analysis conducted by one notable real-estate brokerage firm, homes listed for sale last year on Fridays brought in over 99% of the seller’s original asking price. This is the highest percentage of any day of the week.

Making the correct decision regarding the day a home listing debut is very significant. This is because you’ll receive for times the amount of traffic on your debut day than any other time so you want to nail it the only chance you have.

By comparison, Sunday brings in about 98.4% of the home’s full asking price, the worst day to debut a listing. The difference can be substantial from Friday to Sunday, up to $5,000 for a $500,000 home. Furthermore, properties listed on Fridays also tend to sell more quickly than any other day – taking an average of 81 days.

What accounts for the positive results on Fridays? The largest factor may be the T.G.I.F. factor. That is, the great feeling you have that you survived the workweek and have a weekend to look forward to. Studies analyzing the way the day of the week affects mood indicate that people are more energetic on the weekends making them more confident and proactive in searching for homes.

On the other hand, that feel-good factor is all but gone on Sunday. This makes Sunday listings less exciting, which causes them to sit for a few days before tours are lined up for the following weekend.

According to the analysis, Tuesday is another fortuitous day to list a home. Homes listed on this day tend to attract the most requests for home tours, nearly 2.5 requests on average. This may be because Tuesdays are used by many to make weekend plans – this includes home tours.

To be sure, not all real-estate agents are focusing on the two days alone, nor do they necessarily agree with the data favoring Tuesdays and Fridays. Feeling that many buyers aren’t settled on home tours until Thursday, one real estate agent makes the majority of his listings on that day.

Although success rates for listing on specific dates vary, many experts don’t view  the data as enough to change their listing habits. For some, listing sooner than later is always better. For the prudent seller, however, T.G.I.F.

 

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Es ahora el momento de vender mi casa a traves de un “short sale”?

Usted puede ser uno de muchos propietarios de viviendas en todo el país que ha comprado Cómo yo puedo vender mi casa en Short Saleuna vivienda en los últimos cinco años y ahora se está haciendo esta pregunta: “¿Es ahora el momento de vender mi casa en “short sale”?Ultimamente los informes de noticias sobre el mercado de bienes raíces han estado indicando que las ventas de viviendas y los precios están incrementando. Ahora que los bancos han frenado el proceso de ejecución hipotecaria, actualmente estamos viendo los niveles de inventario de las viviendas familiares disminuir en todo el país. Junto con la reducción de la industria de construcción de viviendas en los últimos años, parece que el mercado de reventa de casas está ganando terreno en la mayor parte del país.

¿Qué significa esto para el dueño de la casa que ha estado luchando por mantener el pago de la hipoteca en una vivienda que pueda o no recuperar su valor original? Con la falta de inventario y las tasas hipotecarias aún por debajo del 4%, hay una cantidad más grande de compradores deseosos de adquirir una vivienda propia. Muchos de estos compradores han sufrido el crecimiento de la tasa del mercado de alquiler y ahora tienen la oportunidad de ahorrar dinero mensualmente siendo dueños en vez de rentar. Uno de los factores clave que está jugando un papel muy importante en la decisión de compra de vivienda de la mayoría de los compradores de hoy en día, son los programas estatales y locales de ayuda con el pago inicial disponibles para los compradores de vivienda por primera vez, y aun hasta para compradores por segunda vez.

Con la temporada de ventas sobre nosotros, que sigue “calentándose” a medida que nos acercamos a los meses del verano, ahora es el momento de preparar su casa para el mercado. Muchos agentes de bienes raíces de todo el país, están señalando que a las pocas horas de listar una propiedad en el mercado, están recibiendo múltiples ofertas que están permitiendo que el vendedor reciba un precio mayor que el precio de venta. Esto es algo bueno para el vendedor que desee vender su casa a través de un “short sale”, porque el titular de la hipoteca tiene ahora la oportunidad de recuperar un poco más por la propiedad de lo que se esperaba. Los bancos hipotecarios están motivados para permitir una venta de short sale en vez de permitir la ejecución hipotecaria y están ofreciendo programas como “Cash for Keys” (dinero por las llaves), que permite al vendedor recibir un reembolso monetario por un monto de $ 2.000 hasta $ 30.000 en algunos casos.

Cómo yo puedo vender mi casa en Short Sale?

El primer paso para determinar si usted califica para una venta corta (short sale), es determinar cuánto vale su casa en el mercado actual. Esto se puede hacer poniéndose en contacto con un agente de bienes raíces, Realtor®, para un análisis comparativo de mercado gratis, o contratar a un tasador certificado de viviendas. Una vez que haya determinado que usted debe más por su vivienda de lo que vale, usted necesitará un negociador profesional para trabajar directamente con su prestamista hipotecario para obtener una aprobación de venta corta que ahora puede tomar tan poco como 60 días, si usted tiene un comprador calificado que ha colocado un contrato para comprar su propiedad.

Cosas importantes que debe saber antes de la venta corta de su casa.

Durante la negociación de la venta corta de su casa, asegúrese de confirmar con el prestamista (el banco que financió inicialmente la compra de su casa), si usted será responsable de la deficiencia de la hipoteca, especialmente si hay dos titulares de derecho de retención de su propiedad. Es posible que usted podría ser responsable de la parte de la deuda hipotecaria que no se arregle con su banco. Otra cosa muy importante a tener en cuenta es que usted podría ser responsable de pagar impuestos sobre la renta en una o todas las deficiencias hipotecarias que le hayan perdonado. El IRS promulgó la Ley de Alivio de la Deuda Hipotecaria del 2007, que generalmente permite a los contribuyentes excluir los ingresos de la descarga de la deuda de su residencia principal. Deudas reducidas a través de la reestructuración de la hipoteca, así como la deuda hipotecaria perdonada en el marco de una ejecución hipotecaria, califica para el alivio. Esta ley fue extendida hasta el 2013, así que si usted está pensando en hacer una venta corta de su casa, hágalo antes de que finalice el año.

Después exitosamente obtener una venta corta de su casa, ¿qué será lo próximo para mí?

Desgraciadamente, se verá obligado a alquilar por los próximos dos años, debido a que ahora los prestamistas hipotecarios están exigiendo un período de espera de dos años antes de que financien la compra de su próxima casa. Puede ser difícil para algunos, ya que se han acostumbrado a tener su casa propia. Tomarse el tiempo para poner su crédito y sus finanzas en orden puede ahorrarle miles de dólares para cuando usted esté listo para comprar su próxima casa. Usted se estará preguntando, “¿Cómo es esto posible?”

Durante la explosión de la vivienda de 2003 a 2007 las tasas de interés oscilaba entre el 6% por encima del 12%, debido a que los préstamos de alto riesgo causaron que los pagos mensuales de la hipoteca fueran ridículamente altos en comparación con las tasas actuales de 3.75% en préstamos FHA y VA. En el momento en que esté listo para comprar su próxima casa, los analistas predicen que las tasas seguirán siendo más bajas que durante el boom inmobiliario. Además, el valor de las viviendas en algunas zonas siguen siendo un 50% inferior a los valores del 2005, lo que significa que la compra de su próxima casa puede ser un negocio mejor que la venta corta que haya hecho.

Llame hoy! (877) 239-3555

Llame hoy!
(877) 239-3555

Milly Kammerdiener es una Broker de Bienes Raíces y propietaria de Newhomeprograms.com, una empresa nacional de Bienes Raíces operando en Texas y Florida. Su Compañía ha estado ayudando a los compradores y vendedores de viviendas desde 2010, con énfasis en la restauración de crédito a través de su Programa Gratis de Mejoramiento del Crédito. Para una consulta gratis, por favor póngase en contacto con la oficina local de Newhomeprograms.com más cercana.

Is now the time to Short Sale my home?

Is now the time to Short Sale my home?

You may be one of many homeowners across the nation who has purchased a home Short Sale My Homewithin the last five years and now asking yourself this very question, “Is now the time to short sale my home?”. Lately every news report concerning the real estate market has been indicating that home sales and prices are on the rise. Now that banks have slowed the foreclosure process, we are currently seeing single family inventory levels decrease across the nation. Coupled with the downsizing of the home building industry over the recent years it seems that the resale market is now gaining ground in most areas across the country.

What does this mean to the home owner who has struggled to keep up the mortgage payment on a home that may or may not ever regain its original value? With the lack of inventory and low mortgage rates still under 4%, there is a greater pool of home buyers eager to purchase a home of their own. Many of these buyers have suffered the high rate of increase in the rental market and now have an opportunity to save money monthly by owning versus renting. One of the key factors that is playing a very important part in the home buying decision of most  buyers today are state and local down payment assistance programs available to first time and even second time home buyers.

With the selling season upon us and continuing to heat up as we move in to the summer months, now is the time to prepare your home for the market. Many listing agents across the country are stating that within hours of listing properties they are receiving multiple offers which are allowing the seller to receive a price more than the asking price. This is a good thing for the seller who wishes to short sale their home because the mortgage holder now has an opportunity to recoup a little more for the property than originally expected. Mortgage banks are now motivated to allow a short sale versus foreclosure proceedings and are offering programs such as “Cash for Keys” which enables the seller to receive a monetary stipend in an amount of $2,000 up to $30,000 in some cases.

How can I Short Sale my home?

The first step in determining if you qualify for a short sale is determining how much your home is worth in today’s market. This can be done by contacting a Realtor® for a free comparative market analysis or hiring a certified home appraiser. Once you have determined that you owe more on your home than it’s worth, you will need a professional negotiator to work directly with your mortgage lender  to obtain a short sale approval which can now take as little as 60 days if you have a qualified purchaser who has placed a purchase contract on your property.

Important things to know before you short sale your home.

During the short sale negotiating of your home, be sure to confirm if the lender will hold you responsible for the deficiency of the mortgage especially if there are two lien holders of the property. It is possible that you could be liable for the portion of the mortgage debt which was not settled with your bank. Another very important thing to consider is that you could be liable to pay income taxes on any or all the forgiven mortgage deficiency. The IRS enacted the Mortgage Debt Relief Act of 2007 which generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This law was extended through 2013, so if you are thinking about short selling your home, do it before the end of the year.

After successfully short selling my home, what’s next for me?

Unfortunately you are now forced to rent for the next two years as mortgage lenders are now requiring a two-year waiting period before they will finance your next home purchase. It can be a difficult for some as they have been accustomed to home ownership. Taking the time to get your credit and finances in order may save you thousands of dollars when you are ready to buy your next home. You may be wondering, “How is this possible?”

During the housing explosion of 2003 to 2007 interest rates ranged from 6% to above 12% due to sub-prime lending causing monthly mortgage payments to be ridiculously high compared to today’s rates of 3.75% on FHA and VA loans. By the time you are ready to buy your next home, analyst are predicting that rates will still be lower than they were during the housing boom. Also home values in some areas are still 50% lower than 2005 values which mean your next home purchase may be a better bargain than the home you short sold.

Call our office today at (888) 907-3334

Call our office today  (888) 907-3334

Cory & Milly Kammerdiener are Real Estate Brokers and owners of Newhomeprograms.com a national real estate company operating in Texas and Florida. Their firm has assisted home buyers and sellers since 2010 with an emphasis on credit restoration through their free Credit Enhancement Program. For a free consultation, please contact a local Newhomeprograms.com office nearest you.

Protect your home equity with Pennsylvania homestead exemption

If you’re a resident of Pennsylvania and are looking to file bankruptcy, then property and real estate transactions must be taking up all your concern at the moment. Yes, bankruptcy isn’t an easy process and it’s natural to be worried; but now that you’ve declared yourself bankrupt, then it’s best you acquainted yourself with the Pennsylvania property laws for your own convenience. It’d give you a clear idea of where you stand and how things can be for you.

Pennsylvania property exemption laws

This essentially entails a mixture of laws that give you the allowance to keep some property no matter what, even in case you happen to owe money to others. It’s a fact that almost every state has got laws that goes on to designate specific property you’ve got so that you can go on living a productive life. Following on these lines, there’s the Pennsylvania homestead exemption that’s meant to protect the equity in your home when you’re filing for bankruptcy.

Basic tenets of Pennsylvania homestead exemption

Read on to enlighten yourself further about the basic tenets of the Pennsylvania homestead exemption.

  1. The exemption amount: Now, the actual fact remains that in Pennsylvania there’s no such system exactly that provides a homestead exemption. However, it’s the equity in your home that you can stand a chance of protecting if you and your spouse happen to own it as a tenancy in its entirety. You could also protect the equity in case you’ve opted to use the federal bankruptcy exemption scheme.

 

  1. The federal bankruptcy exemptions: Being a resident of Pennsylvania and declaring yourself bankrupt, gives you the opportunity to use either the state exemption system or the federal bankruptcy exemption systems. However, beware of the fact that you don’t really have the option to pick and choose different exemptions from different systems. Either you make use of all state exemptions or make do with all the federal exemptions. As for the federal bankruptcy homestead exemption amount, then it stands at 22,975 dollars as of April 1st, 2013. You could make do with this exemption for your home, co-ops, condos, mobile homes as well as burial plots.

 

  1. Doubling opportunity for married couples: Now, as a married couple you’ve got the option of doubling the exemption amount along with your spouse in case you opt for using the federal exemption scheme. This means you’ve got the opportunity of protecting up to 43,250 dollars of equity in your home.

 

  1. The homestead declarations involved: Now, there remains a hitch in the fact that Pennsylvania doesn’t have its own homestead exemption statute. However, this goes on to mean you’re not required to file a homestead declaration. Opting to use the federal exemptions automatically means the homestead exemption is by default included.

All isn’t lost when you’re filing bankruptcy in Pennsylvania. The above discussion has highlighted the same for your benefit. Now, it’s on you to make use of this and save your home’s equity even when undergoing bankruptcy proceedings.

What are the steps to get real estate license in Pennsylvania?

In this tough economic situation, extra income can be a boost to your financial well being. Therefore, if you get a real estate license, it can help to increase your personal income with ease. When you in the state of Pennsylvania, it is necessary to understand the state-specific requirements for getting the license. Continue reading

Sell Your Home Today | List your home with Newhomeprograms.com

WELCOME SELLERS The typical home owner will live in their property for 5 to 7 years before they decide to sell. Sell your home It is very rare these days for a home owner to live in the same home for 30 years as economic factors and family changes will dictate the person’s future living arrangements. Newhomeprograms.com understands this well and we are always looking for suitable properties to present to our prospective buyers.

READY TO SELL

Are you ready to sell your home? If so, you may have a long road ahead of you in today’s challenging real estate market. With the foreclosure sales creating a burden on home values, the real estate market for sellers can be worrisome and very nerve-racking. But there is HOPE!

LISTING YOUR HOME

Newhomeprograms.com is a BUYERS representative firm which means our primary business is working with home buyers who are anxious to buy a home of their own. At any given time, we may have hundreds of qualified home buyers in your town or city who are ready to buy your home. With this being said, we would like the opportunity to give you a FREE Comparative Market Analysis of homes which are now on the market for sale in your community as well as homes that have recently sold. A free consultation with one of our Realtor® will include:

  • FREE Comparative Market Analysis
  • Government home down payment grants your home may qualify for if purchased by a First Time Home Buyer or Military Veteran
  • How to sell your home for more and pay less
  • Tips on increasing the value of your home

SHORT SALES – If you are in danger of a foreclosure sale, please contact us IMMEDIATELY! We work with real estate investors and attorneys who may be able to stop the foreclosure process and negotiate with your mortgage lender to buy your home. We will then prepare you to buy your next home in 24 months from the date of the short sale.

Schedule an appointment with one of our Listing Specialists!

Florida Vacation Home Sales on the Rise

When you are looking for a great place to retire or just a wonderful place to get away,consider a Florida vacation home. You will find that you can choose from many wonderful homes that will exceed your expectations.

Florida vacation homes are still selling for  under $140,000!

Florida vacation homes are still selling for under $140,000!

You will love the great selection of Townhomes, Villas, Single Family Homes and even Condos that offer the lifestyle that you are seeking. Finding the perfect Florida vacation home for sale will be an easy task when you deal with the best Florida Real Estate Company available.

Florida has so much to offer to everyone. Whether you are retired and it’s just you and the wife or you want to take the family to Florida you’ll find plenty of activities to please you and everyone else. Imagine being able to bask on the beaches anytime you choose or to take a chartered fishing trip to catch the fish of your dreams. A Florida vacation home can open up a whole new world for you. Florida also offers great shopping and dining experiences that are pleasing to anyone.

The prime Florida real estate that is available will certainly surprise you and being able to choose the Florida vacation home for sale that meets your standards is going to be an exciting and easy task. With affordable prices, interest rates at an all time low and second home mortgages now being offered by many mortgage lenders, no wonder Florida Vacation Home sales are on the rise!

Search Florida Vacation Homes now!