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Showing posts with label short sales madison wi. Show all posts
Showing posts with label short sales madison wi. Show all posts
Tuesday, February 21
Wednesday, February 15
Madison Short sales, relief for the underwater homeowners
Madison short sales, pre-foreclosures, loan modifications.
Short Sales Madison, information about short salesFriday, December 9
Short Sale Agent’s challenges in Selling homes Short.
Short Sale Agent’s challenges in Selling homes Short.
A short sale is where a home owner is selling the home but the home value does not cover the mortgage. A skilled agent can work with the bank to reduce or eliminate the excess amount to allow the closing.
According to a survey of short sale professionals. Here are the challenges of actually closing a short sale.
Challenge | % | |
1 | Banks operate differently than most sellers | 57 |
2 | Longer Time Lines | 56 |
3 | Helping buyer be patient | 54 |
4 | Working with unresponsive agent | 42 |
5 | Increased paperwork | 40 |
6 | Increased chances for multiple offers | 35 |
7 | How to Navigate banks’ chain of command | 35 |
8 | Being Patient | 33 |
9 | Help buyer see they are not a steal | 21 |
Source KW Market Navigator 2011 from various research
The national agerage success rate for closing a short sale is very poor, at around 30%. Top agents are achieving in excess of 80%. It is RealEstateGuy Teams to close every one, we close 80%+, (Just about 100% when the buyer stays in.)
If you would prefer to leave the home and you are underwater in your home, a short sale may be for you. About short sales Madison Wi.
It will help you decide if you are really a home seller.
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Thursday, November 3
Price Reduction on N7737 Panorama Rd, Short Sale - 10K reduction
Luxurious, yet comfortable. Quality thru out.
Great kitchen w/ maple cabinets and granite countertops, island and built in sub-zero appliances.
Enjoy the in-ground pool. Theater room comes w/ TV. Wood burner for pool & home. Master suite: private wet bar, tray ceiling, private balcony, fully luxury suite.
Huge bedrooms, 8 cars. Mother in Law suite roughed in but not in sq ft.
Why do we range price homes for sale?
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Thursday, October 20
421 E. Holum St. Madison WI 53532 Home For Sale!!
Super spacious, flexible use, bargain home. Live here, start a business here.
Lots of great updates, nice open floor plan, updated kitchen with breakfast bar and dining area.
Fenced back yard and lots of space in landscaped area beyond the fences.
Tons of potential for way under assessment. Short Sale
Why do we range price homes for sale?
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Wednesday, October 19
7207 Old Sauk Rd Madison WI Short Sale Home for Sale
7207 Old Sauk Rd Madison WI Short Sale Home for Sale
Westside location - convenient 5 mins to West Town, Middleton and Junction Rd. 2 bedroom first floor condo. There are really not many homes as affordable as this in this area.
Schools, Shopping, Parks, Well Maintained units and Association. Large Open Living and Dining Areas. 1 car garage, free laundry, large deck.
The Condo project is approved for some low down programs
Range Priced home $79,000 to $84,000
7207 Old Sauk Rd Madison WI Short Sale Home for Sale
Why do we range price homes for sale?
Westside location - convenient 5 mins to West Town, Middleton and Junction Rd. 2 bedroom first floor condo. There are really not many homes as affordable as this in this area.
Schools, Shopping, Parks, Well Maintained units and Association. Large Open Living and Dining Areas. 1 car garage, free laundry, large deck.
The Condo project is approved for some low down programs
Range Priced home $79,000 to $84,000
7207 Old Sauk Rd Madison WI Short Sale Home for Sale
Why do we range price homes for sale?
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
758 River View Dr., Fall River, WI, Crawford River Frontage
758 River View Dr., Fall River, WI, Crawford River Frontage Home for sale
Sellers dream home on 3 acres of Crawford River frontage, minutes to Lazy Lake, Fall River. Lovely views from this lovely custom 4 bed ranch home.
Spacious, 9 ft ceilings, 6 panel doors, luxury master bath, all walk in closets, 1st flr laundry, large pantry, ceramic, wow!
walkout lowerlevel has walkout & could be finished for another 2000 sq ft.rough-in, 8ft ceilings, stairs to 30*29ft garage + heated floor.
Fresh air exchanger. HE wood burning f/p. exclude blinds, double oven, dishwasher, Washer and dryer. All this for just $240,000
758 River View Dr., Fall River, WI, Crawford River Frontage Home for sale
Why do we range price homes for sale?
Sellers dream home on 3 acres of Crawford River frontage, minutes to Lazy Lake, Fall River. Lovely views from this lovely custom 4 bed ranch home.
Spacious, 9 ft ceilings, 6 panel doors, luxury master bath, all walk in closets, 1st flr laundry, large pantry, ceramic, wow!walkout lowerlevel has walkout & could be finished for another 2000 sq ft.rough-in, 8ft ceilings, stairs to 30*29ft garage + heated floor.
Fresh air exchanger. HE wood burning f/p. exclude blinds, double oven, dishwasher, Washer and dryer. All this for just $240,000
758 River View Dr., Fall River, WI, Crawford River Frontage Home for sale
Why do we range price homes for sale?
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Monday, October 17
960 Rockefeller Lane Madison, WI - Home for Sale
50k below Assessment, Own for less than rent.
Great Location - Close To Park, Easy commute to downtown Madison, Private entry.
Spacious 3 bedroom home. master-suite and walk-in closet, balcony overlooking local park.
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Great Location - Close To Park, Easy commute to downtown Madison, Private entry.
Spacious 3 bedroom home. master-suite and walk-in closet, balcony overlooking local park.
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions. Wednesday, September 7
Complex recipe for a successful BofA short sale in Madison wi
Real Estate Guy Team are happy to announce yet another successful short sale closing. We were able to help Jeff and Heidi R and their 3 children out from under a noose of 2 mortgages. Better still they walked away with $2400 cash thanks to the Obama administration’s HAFA program to help home ownership.
Difficulty began the same way it does for millions of American homeowners, with severe cut back of income from both jobs combined with inability to refinance. Then there was a 2 year attempt to modify, with BofA dragging out the application, before denying. Unsure what a short sale is?
Even when RealEstateGuy team became involved, the application process for the HAFA program was marred with ineptitude, closed files, lost files, wrong instructions, etc.
Here is what worked, and this is what has to work each time there is a successful short sale:
A great buyer, willing to pay the full price, they moved past the inspection thanks to the sellers paying for a pre-inspection.
2) The buyer’s agent was great in advising the buyer what to expect and keeping the buyer’s interest. (Judy)
3) Determined sellers, willing to do whatever needed, when needed. This included a pre inspection and chasing down bank of America when necessary. (Jeff and Heidi R)
4) An agent with knowledge of short sales. Able to price the home low enough to accept buyers, high enough for the bank to accept.
5) An amazing assistant, with the tenacity to fight with BofA. The patience to be on hold for hours at a time, and the skill to know when the person on the other end of the phone is misinforming, or worse lying.
6) A closing/title company who knows short sales, and is willing to bend over backwards , to accommodate the demands of the lenders payoff requirements. (Homestead Title)
There is an unusual twist in the story. So we are given the ok to close, and Homestead did their due diligence to make sure all BofA requirements are fulfilled. Done Deal you might think. No later that evening we receive an email from BofA saying HUD denied. Once again the team swings into action with an intense period on the phone to make sure all sides of BofA are happy.
The end result, the sellers walk away with 3 times more $$$ than expected and BofA with less. (Amazing business decision!!)
This one is our first successful close with Bank of America. Even thought we have closed approximately 30 short-sale, Bank of America has been our bogeyman, actually their is the reason they have a bad name and why so many agents avoid
listing or showing BofA short sales.
If you are in a situation you need to get out from under your debt and prefer an option that is not foreclosure, http://www.ShortSalesMadison.com.
While you are at it, here is our latest search for homes for sale. Search homes for sale Madison Wi
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, Guy selected a team of specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at State Realtor Conventions.
Get a chuckle. Watch Real Estate Guy video. 30 seconds Search all area homes for sale Madison Wi RealEstateGuy. Madison Wisconsin
Friday, July 1
Dane County loan program to assist underwater homeowners
Dane County announces a loan program to assist homeowners who are underwater or unable to pay. This is a federal program called the EHLP, Emergency Homeowner Loan Program . It is designed to help prevent foreclosure.
It is a no interest loan of up to $50,000 to eligible homeowners at imminent risk of foreclosure.
Applicants should call Green Path at (888) 893 2711 to state the application. There is a tight deadline of July 22nd. So do it NOW.
It is anticipated there will be more applications than funds so a lottery will select the lucky recipients.
If you would prefer to leave the home and you are underwater in your home, a short sale may be for you. About short sales Madison Wi.
To help in the decision process, watch this series of short Videos: Sell My Home Madison. It will help you decide if you are really a home seller.
If you would like a snapshot of homes sales in your neighborhood
.
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the State Realtor Conventions.
Monday, April 25
Bargain price short sale condominium
Short Sale, One of the best priced condos in Madison.
Beautiful home for sale Madison WI 53719
See more pictures of this fine home for sale here
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, Guy selected a team of specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at State Realtor Conventions.
Get a chuckle. Watch Real Estate Guy video. 30 seconds Search all area homes for sale Madison Wi RealEstateGuy. Madison Wisconsin
Thursday, March 3
Recipe for a successful short sale Part 6
The most difficult part of a short sale is not the seller or often the bank, but keeping the buyer in the deal long enough for it to close.
I have learnt from around the country that educating the buyer is essential, but I have found that very difficult with Realtors who have not really done many short sales. When we give instructions on how to successfully take part in a short sale, our instructions fall on deaf ears.
The buyers seem to know better. What is surprising is that the buyers push back on ideas because they hear from their families that short sales are very tough and unlikely to close. When the tragedy is that because they act this way, they are far more likely to fail.
So Buyers, when you are doing a transaction with Real Estate Guy team here is the way to do it so there is the absolute best chance of succeeding.
First, Why should you do this?
Answer 1, because you are getting a good deal on a home, below value, you like the home and if you are to invest time and money for your family, then don't you want it to be a success?
Answer 2, If you show commitment, we will not take any more offers so you know you will not be outbid.
1) Know short sales are uncertain. Do not undertake if your family need a place to live on a set date. (It doesn't matter how far out that date is) Be ready to wait for your dream home.
2) but please know that if you wait it out, under this system know you will succeed 80-90% of the time.
3) Be prepared to write an offer with an inspection upon acceptance. Yes this is a cost, but, if you find a problem we can adjust the price before approval.
4) Be prepared to have an appraisal. Not only will this prepare you for the approval but if there is an issue with value, it can be evidence to support the sale price.
5) Earnest money, non refundable for a specified time frame after inspection.
6) If you show us that you are in for the long haul, than we will guarantee you we will not take seek other offers. This means you understand and are committing to staying in the game.
7) Wait patiently, we know what needs to be done and sometime we can push it, others we can not.
8) Upon approval, you will need to be able to close in 30 days. (Another reason for the early financing.)
In summary, In an attempt to get a smoother sale that is more likely to close, we ask these things and in return, you get to close your home. Is there a risk? Yes, but there is in any short sale.
We had a case recently when the buyer was fighting us on everything, no inspection no appraisal till after acceptance. They did an inspection and found problems. Wanted to renegotiate with the bank bank foreclosed. Lost the home AND the inspection fee.
Example 2:
You wait for lien holder approval, do the inspection but can not get the appraisal in time to close in the 30 days. You lose the deal and the inspection and likely the appraisal.
So we ask you. If you are serious about one of our homes, follow the rules and we will give you the best chance of success.
Read our Short Sale page: About short sales Madison Wi
I have learnt from around the country that educating the buyer is essential, but I have found that very difficult with Realtors who have not really done many short sales. When we give instructions on how to successfully take part in a short sale, our instructions fall on deaf ears.
The buyers seem to know better. What is surprising is that the buyers push back on ideas because they hear from their families that short sales are very tough and unlikely to close. When the tragedy is that because they act this way, they are far more likely to fail.
So Buyers, when you are doing a transaction with Real Estate Guy team here is the way to do it so there is the absolute best chance of succeeding.
Answer 1, because you are getting a good deal on a home, below value, you like the home and if you are to invest time and money for your family, then don't you want it to be a success?
Answer 2, If you show commitment, we will not take any more offers so you know you will not be outbid.
1) Know short sales are uncertain. Do not undertake if your family need a place to live on a set date. (It doesn't matter how far out that date is) Be ready to wait for your dream home.
2) but please know that if you wait it out, under this system know you will succeed 80-90% of the time.
3) Be prepared to write an offer with an inspection upon acceptance. Yes this is a cost, but, if you find a problem we can adjust the price before approval.
4) Be prepared to have an appraisal. Not only will this prepare you for the approval but if there is an issue with value, it can be evidence to support the sale price.
5) Earnest money, non refundable for a specified time frame after inspection.
6) If you show us that you are in for the long haul, than we will guarantee you we will not take seek other offers. This means you understand and are committing to staying in the game.
7) Wait patiently, we know what needs to be done and sometime we can push it, others we can not.
8) Upon approval, you will need to be able to close in 30 days. (Another reason for the early financing.)
In summary, In an attempt to get a smoother sale that is more likely to close, we ask these things and in return, you get to close your home. Is there a risk? Yes, but there is in any short sale.
We had a case recently when the buyer was fighting us on everything, no inspection no appraisal till after acceptance. They did an inspection and found problems. Wanted to renegotiate with the bank bank foreclosed. Lost the home AND the inspection fee.
Example 2:
You wait for lien holder approval, do the inspection but can not get the appraisal in time to close in the 30 days. You lose the deal and the inspection and likely the appraisal.
So we ask you. If you are serious about one of our homes, follow the rules and we will give you the best chance of success.
Read our Short Sale page: About short sales Madison Wi
Watch out for more in the series including time frames for sale
If you would like a snapshot of homes sales in your neighborhood
RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, he created a team of hand picked specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at the Realtor Conventions.
Get a chuckle. Watch Real Estate Guy video. 30 seconds
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