Buying A House In A Down Market Orange California Tip 3
Look out for Motivated Sellers
Some homeowners may want to sell their homes in a hurry. This gives you additional bargaining power. In a situation like this it makes sense to ask if the seller will throw in the lawn mower, furniture or fixtures that you like. You can also ask the seller to cover closing costs in total or in part. Of course, the listing price is always negotiable as well.
Here are a couple of signs that the seller is motivated:
- The home may have been on the market for several months and has undergone several price reductions.
- At the showing the home is empty, which suggests the seller has moved and may be holding two mortgages.
It's very difficult to determine exactly how much leverage you have in any given situation - after all, there are many reasons why someone could be selling. However, your agent can give you a general idea of the seller's motivation. An agent has access to the Multiple Listing Service and can track down the original list price versus the selling price for similar homes in the area. The agent can also find out how long the house has been on the market and determine any price reductions that have occurred.
Many states make deed records and home-sale information available to the general public on the internet. This information will tell you what the seller paid for the home, which, in turn, tells you how much profit the seller stands to make if he or she gets the asking price.
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•v Are You Going To Fall Behind Your Mortgage Payment?
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•v Have You Received A Certified Letter From Your Lender or Servicer?
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•v Are You Going Through Any Hardship Situation That Is Contributing To Miss Your Mortgage Payment?
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•v Are You In Pre-Foreclosure or Foreclosure Procedures?
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•v Have You Received Correspondence Of Notice Of Default?
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•v Is Your Company Relocating You Or You Need To Relocate?
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•v Not Enough Equity To Refinance or Sell?
No matter what your current situation is, my team and I are ready to help you overcome even the toughest situation.
Let's work together to analyze your current financial condition, prepare the BEST strategy to either keep your home or rescue your credit history from taking a great and LONG lasting DAMAGE.
We are specialist in this subject matter, you ARE not alone, and the worst you can do is not to call 714-955-1932. The call is FREE, the Consultation is FREE, Our help is FREE, Our ALLIANCE is FREE, BUT OUR EXPERTISE AND SUPPORT TO YOU IS PRICELESS.
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What Benefits Will You Get After Working With Us?
THE NUMBER ONE "UNO" BENEFIT IS
You will be calm and stress FREE
•· IF You Decide to Sell:
•· You Credit will take less Damage than if you wait to be foreclosed.
•· You will be able to buy another home is 2 years instead of 7.
•· You will save thousands of dollars in credit cards and other loans interest rates.
•· We are in control of the sale transaction.
•· Your lender will pay our commissions.
•· YOU WILL SAVE YOUR PRIDE
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