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Bailout For HomeOwners!
Are you behind on your mortgage payments?
Do you owe more than your property is worth?
Are you out of solutions and praying for answers?
Do you need professional help, but cannot afford to hire a professional right now?
e-Executive Realty has trained professionals that can help today at no cost to you!
With many residential mortgages recently going into default, distressed properties now represent nearly 50% of all available listings. Because of this trend, investment-oriented buyers have entered the marketplace in droves - in fact, over 20% of new buyers are investors, on the hunt for properties with promising prospects for cash-flow and appreciation. These buyers are scouring the pool of distressed listings, including short sales, REOs, bank-owned properties, foreclosures, and pre-foreclosures!
What is a Short Sale?
A Short Sale is when a Lender is willing to take less than payoff as payment in full. Lenders refer to this as “selling their mortgage short”, hence the name, Short Sale. THE SELLER IS OFF THE HOOK FOR THE DIFFERENCE AND THEIR CREDIT IS UNAFFECTED!
Why Do Lenders Accept Short Sales?
Lenders accept short sales because it actually costs Lenders far more to take the property back through foreclosure than to accept a short sale prior to foreclosure. Therefore, Lenders much prefer to deal with real estate investors and agents who understand short sales than to foreclose on a property.
Why Short Sales?
The Wall Street Journal reported in April 2008 that 20% of all real estate closings in this country involve a short sale. Our research confirms that less than 5% of all real estate agents and investors are actually closing these short sale deals. This illustrates that a small percentage of investors and agents out there know how to close short sales.
Why Aren’t More People Closing Short Sales?
Most investors and agents are not taking advantage of the fastest growing segment of the real estate industry (short sales) because they do not have the tools and have not been properly trained on the detailed processes and specific knowledge required to actually complete a successful short sale in today’s market. Literally hundreds of thousands of potential short sale opportunities are wasted every month due to the lack of knowledge. Lenders are currently bombarded with requests and purchase offers from inexperienced agents and investors. Most of these offers usually never result in a deal. Short sales are impossible for those who do not know what they are doing. But for people who hire a trained e-Executive PROFESSIONAL, You can make the current real estate market work to your advantage.
Why You Should Price Your Home Realistically
TIME
Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and a greater monetary return.
COMPETITION
Buyers educate themselves by viewing many homes. They know what a fair price is. If your home is not competitive in value with those they have seen, it will not sell. Buyers typically look at homes within a $10,000 price-range. If your home is not priced within the correct range, it very likely will not be exposed to its potential or targeted buyers. Your e-Executive will show you your home’s competition before pricing your home if it will help!
REPUTATION
Overpricing causes most homes to remain on the market too long. Buyers, aware of a long exposure period, are often hesitant to make an offer because they fear “something is wrong” with the house. Often homes that are on the market for a long time eventually sell for less than their fair market value has been.
INCONVENIENCE
If overpricing keeps you home from selling promptly, you can end up owning two homes – the one you’ve already purchased and the one you’re trying to sell. This can prove costly and worrisome, as well as inconvenient.
EIGHTY PERCENT OF THE MARKETING OF YOUR HOME IS DONE THE NIGHT WE DECIDE AT WHAT PRICE WE WILL LIST YOUR HOME.
IF YOU ARE UNWILLING TO LIST YOUR HOME AT THE CURRENT MARKET VALUE, OR BELOW, YOU ARE BETTER SERVED TO NOT PUT IT ON THE MARKET AT ALL.
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Or contact an e-Executive short sale specialist in your city by calling toll free:
1 (866) 350-EXEC (3932)
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