Is Your House a Financial Hardship

The Real Estate market here in the Treasure Valley has been like a day floating the Boise River, half of the people are excited for their chance to get on while the other half are worn out and can’t wait for the ride to end. Such a wonderful place to work and live we hope that now and in the future more people are getting ready take that float and enjoy it all the way. Right now our housing inventory is low as of now and that has caused many homes on the market to attract multiple offers. Multiple offers are creating sales prices  above te asking price which in turn is helping values in some sectors to increase. Whether is be Equity sales, REO /Bank Owned and yes even Short Sales are getting lots of attention from eager buyer’s wanting to take advantage of all-time low interest rates and a housing market that is truly trying to flatten out. Many people are jumping around excited to see that the housing crash may be coming to an end and while that is hopeful and good news there are still many homeowners struggling to keep their home.  Financial hardship is caused by job loss, divorce, medical bills etc. but lost sometimes is the fact that many people are still 20-70 percent upside down in value on their home. For example the question remains the same, if you owe $250,000 on your home but the value today is $150,000 when will your home be back to value when purchased? Is it going to be 5-10 years or 10-20 years from now no one knows but it is pretty clear that we won’t see that surge in home values in our lifetime again. As some good things appear to changing I wouldn’t get my hopes up for values to climb back up too high we are still in recovery. If you have questions about how I may be able to help you make a gracious exit from your housing financial hardship please fell free to call me direct 208-353-7131 or josh@homeswithjosh.com

It’s never too late to start over- And it’s never too late to begin

Your Mortgage And Credit

mortgage creditThese days, many people are struggling with financial problems due to job loss or other issues caused by the economy. One of the biggest things affecting the credit of millions of people is mortgage issues. Whether you’ve faced foreclosure or are having trouble securing a mortgage because of credit issues, there are many things you can do to recover. Many people might opt for credit repair programs, but they can be costly and there are growing numbers of credit repair scams. The safest way to tackle bad credit is by dealing with it yourself using some hard work and the helpful tool of credit repair software.

Many people with formerly exemplary credit are now facing foreclosure and other mortgage issues. Trying to solve the problem yourself can be much safer than opting for credit repair programs. There are many resources available that can help you understand the best ways to handle bad debt or trouble securing a mortgage, and it’s a problem that can be handled without outside help if you work hard. From short sales to bankruptcy, there are many ways to deal with problems like this, and there are many tools available that can help you.

If you have mortgage issues and want to avoid foreclosure or bankruptcy, a short sale may be the way to go. This will allow you to get out of your mortgage without suffering the damaging affects of a foreclosure or bankruptcy. You can get back on your feet in no time and, with the help of a tool like credit repair software, you can even fix your bad credit. Credit repair programs aren’t the only way to repair credit, many people opt to handle the problem on their own as a way to save money and avoid scams. [Read more...]

Foreclosures In The Current Market

If you have been watching the news, you have seen the large number of foreclosure stats flying around.  There are a lot of homeowners that are underwater on their mortgage or behind on their payments. So, if you are an owner that is having problems with making your payment, give us a call and we would be happy to run some numbers for you and give you a breakdown of where you are currently sitting when it comes to your market value vs. what you owe. This will give us the ability to point you in the right [Read more...]

Will An Agent Sell My Home For More?

Some of the benefits of selling your property to a real estate agent are that they can tell you how much your property is worth (retail value) and sell it close to that price. Unfortunately for most sellers, their houses are typically worth a lot less today than they would like. Neither an investor nor a real estate agent will be able to be help much with this aspect of home selling because a seller’s house is worth what the market is willing to pay.

To find out what the market is willing to pay for your house a real estate agent uses comparable sales. “Comparable sales” is a real estate term for nearby, similar houses that have sold recently. Anyone can now check the value of their house based on comparable sales with websites such as CyberHomes.com and Eppraisal.com. [Read more...]

First Time Home Buyers: 5 Top Tips

Some of the major factors that you need to consider before buying a home are creating a budget, researching the property market, investigating fees associated with the loan and property and comparing different types of loans and lenders. Here are some great tips for first time buyers:

• Before you decide to purchase a home, start saving. The more you have put away, the less you will have to borrow and pay interest on. Even if you are not considering buying a house right at this minute, you may want one in the future. [Read more...]

Real Estate Offers: How To

By now, everyone knows the real estate market is down. However, this is a perfect time for buyers to make their purchase. Interest rates, and home prices are at their lowest level in years. Therefore, any aspiring home buyer can make their dreams come true as they’re able to buy a quality home, at an affordable price before the market starts its move back up.

Every time you buy a house, there are several things that should be done. [Read more...]

Finding The Right Buyer Agent

If you are seriously considering buying a mansion in the LA area, you are definitely making one of the best decisions ever. There are many important factors when considering finding the home to buy. One of the most important factors is finding the right buyers agent to get the best deal on your new dream home.

How do you find the right buyers agent?

Well first, a real estate buyers agent is a person who works with the buyer of the home to find the best estate that suites their needs. A buyers agent MUST keep the buyers best interest in mind when finding the right house that suites their needs BY LAW! If you are seriously considering buying a home, you will need to consider a few things when finding that perfect buyers agent. [Read more...]

Real Estate Scams To Avoid

There are some real estate scams that you need to watch out for. There are some that say that they will buy your house for cash, some that claim to be able to refinance your home, and many more.

Here is a story about some guys in MLB that got scammed out of millions of dollars by an investor.

Staging Your Home For Top Dollar

What is it about Model homes that make them so appealing? Is it the freshness of all new; is it the sassy paint colors, the perfectly placed furniture, art and accessories or the beautiful groomed backyard that makes you want to plop right down on that comfy club chair, or light the grill on the patio? Well…. Yes to all the above. A builder hold hosts to an array of skilled professionals to make that Model beautiful. From blue print to drawer pulls that Model home is meticulously planned.

Beyond the nicely placed furniture, Model homes are the current reflection of the home environment needs of the target market of the Builder. They are a turn-key product, designed & packaged for the desires of perfect buyer.

Models homes are lovely because they have the latest and the greatest, are fresh and new and are meticulously detailed. Psychology, more than decorating is applied to makes them look so fabulous. From architecture to floral arrangements, Model homes are planned with “YOU” in mind.

So how can you the Realtor make your next listing as appealing as a Model Home? – Here are 10 ways.

1.) Clean.

Those nice angled vacuum lines, gleaming windows, and perfectly manicured lawns in Model homes speak to a potential buyer – You don’t have to do a thing. A Realtor can translate that into – A little elbow grease goes a long way. A super clean home says “turn-key” to the potential buyer. Have every inch of the home, blind slats to porch light glass, super clean and perfectly coiffed.

2.) Fresh & Smells Good.

People buy homes on emotion, and your 5 senses are a direct path to your brain. If a home smells and looks “funky,” “doggy,” “smoky,” or if the stove is coated with cooking gone bad – The home is off their list. Just like you would detail your car to sell, invest in clean and spotless carpets, patched, repaired and freshly painted walls and new appliances if the old have seen better days. Be wary to skip this step and take the low road with room refreshers, candles and stove burner covers – Potential buyers are not fooled.

3.) Color.

Any advertising executive will tell you color is key to properly packaging a product; and a listed home is just that, a product. Throw away the off-white manta of old school home staging rules – Welcome to the era of HGTV. Using color is a powerful and inexpensive way of making that home stand out from the rest, and with so many decorating TV shows boasting the benefits of color, you better get hip to hues. From 1st Web impressions to curb-appeal, color is a strong emotional tug for the potential buyer. Update yourself on the latest color trends in wall color, appliance, fixtures, etc… and apply it to your target buyer. For home staging, use earthy, calm tones for the bigger areas such as wall color and add pops of saturated colors in the details; such front doors, accessories or annuals.

4.) Make Space.

The joy of a Model home is the acres and acres of unused storage space & beautifully organized closets. Reduce, organize, upscale and edit all the home’s spaces when it comes to closets and storage areas. If the home’s price point dictates, upscale the closets with custom organizing options.

5.) Clear a Path.

Consider that many people with be walking through the home. Make sure traffic patterns, entrances and exits are well established. Too much furniture, undefined entrances and awkward walkways confuse and discourage buyers from moving about the property. Follow a Model Home’s lead and create a concise walking pattern for potential buyers starting a curbside to back fence.

6.) Lovely Layouts.

From the landscape to furniture placement, take a clue from Models homes that continuity and flow make for a good mix. Create curb appeal with nicely maintained landscaping, added annuals and perennials, an inviting stoop and well groomed walk and driveways. Inside, make sure each room depicts what its function is, enhances the highlights of the room (i.e. fireplaces or upgrades,) and allows the buyer to envision themselves in the space.

7.) Set the Mood.

Create ambiance and character in the home with well thought out placement of sensory and lifestyle components. Soft music, lighting on dimmers, candles lit, and fresh floral are all great ideas for Broker or Open houses. If you have concern about candles, battery operated candles that even have timers built in are now readily available. Stage the dining room table tastefully, or set the stage in a back yard with a detailed patio retreat. Offering helpful lifestyle hints has always been in the Model Home arsenal and always a huge hit.

8.) K.I.S.S.

On the opposite note, don’t over accessorize, go over-board with the lifestyle tips or create “store bought theme” rooms (i.e. Chef-with-a-Hat Kitchen or Anniversary Bathtub area complete with Champagne bottle.)

9.) Appeal to a Target Buyer.

Consider “WHO” the ideal buyer is that will be interested in the property, and market the property accordingly. From advertising photos to furniture, consider who will find this appealing and desirable.

10.) Market, Market, Market.

Model Homes have great marketing incentives inside and out. From clear address markers, great signs, to small exit giveaways, to survey – Market that listing to the fullest.

Real Estate Forms For Selling

real estate formsLegal transactions always involve the use of forms and contracts to make the deal enforceable. These include selling a residential property such as a home.

Selling real estate properties require the use of specific forms. These can be the standard ones or the state specific forms. The reason is that some states have their own set of laws when it comes to buying and selling homes which homeowners and real estate agents should follow.

Whether you’re selling your home on your own or are using a real estate agent, here are some of the most important forms that you should prepare.

Home disclosure form.

This particular document is required from sellers. As per its name, it aims to disclose the physical condition of the property at the time of sale. To gain the trust of potential buyers and agents, home sellers needs to be as honest as they can in providing information about the real state of the property such as repairs made and other existing physical defects. [Read more...]