Tips To Sell My House Fast

June 18, 2008

Although the real estate market might be a bit slow right now, there are always things you can do to speed up the sale of your home and you dont have to spend a ton of cash to make it happen. You can find small amounts of well spent cash that will turn your property into a show stopper that everybody will want to buy. You need to improve your chances of selling and get the best price possible for your new home.

If tons of cash comes to mind when you think of the word home renovations, think again. Although the big home renovation projects will cost you, there are a number of small cost choices that can have a big impact on the sale of your home. Typically, some of the most effective fix up quick tips are also the cheapest and have the biggest impact on the future sale of your home.

Stand outside in the front yard of your house facing your property. What do you see? Now pretend youve never seen the house before. What stands out? Do you have weeds? Chipped paint? A messy looking landscape system? Are there cracks in your driveway? When a potential homebuyer pulls up to your front door, they are immediately making judgments in their mind. Control that first impression judging with some lively, fresh landscaping in the front yard. Buy bright flowers or trim the hedges. If you need to clean your gutters or declutter your front yard, this manual labor can add dollars to your sale price and make it more likely to sell. Real estate agents call it curb appeal, but any savvy homeowner will just call it making a great first impression.

How does the paint currently look on the outside of your home? If you cant afford to give your entire home a new, fresh look, start on the doors and window trim. A quick new paint job in these areas can go a long way to making your home look brighter and more inviting. While you are working on the windows, be sure to clean the panes to make them sparkle. Remove any torn or old screens and make sure that the exterior lights work. Potential homebuyers could drive by in the evening to see the neighborhood and you don’t want your property to be dark and dreary.

Move onto the inside of your home. Are there any persistent smells? If you are trying to sell your home, you will want to cover up any bad smells like greasy foods, cat litter box or other troublesome odors. Many real estate agents will suggest baking cookies or bread before a visit, lighting candles before you show your home and numerous other tricks to ensure a positive smell when you future buyers walk through the door. One rule of thumb, however, is that you dont want to overwhelm them with any overpowering smells good or bad. Remember that a little bit goes a long way here.

The trick to selling your home is that you want to have a great impression from start to finish. You want it to be clean, obviously, but you also want to remember that your future buyers are experiencing your home from a variety of different perspectives.

If you need to sell your home quickly and do not have any cash to fix up your house contact your professional home buyer. You do not have to pay any money to receive an offer on your house and you have no obligation to accept the offer.


Foreclosure Prevention Act 2008 – Stop Foreclosure Fast Help

May 6, 2008

The government is doing all they can to stop the slowing of the economy. On February 13th 2008 the Foreclosure Act of 2008 was introduced to congress. Heading up the bill is Senator Harry Reid, a democrat in Nevada. You should not be surprised that Nevada holds the record for the highest foreclosure rate since the real estate market peak in summer of 2005. Along with the senator from Nevada there are 25 cosponsors of the bill all of which are democrats or independents.

Highlights of the Proposed Bill:
The law will increasing preforeclosure counseling funding by and additional 200 million dollars. It is estimated this additional funding would help more than 500,000 additional families connect with their lenders and work out a solution to stop the foreclosure process.

If passed the bill would allow housing finance companies to use proceeds from mortgage revenue bonds to refinance short term and adjustable rate mortgages. This will provide an additional 10 billion dollars of tax exempt money for refinancing first time home buyers houses and multiple tenant rental properties.

The bill could help over 600,000 people stop the foreclosure process by allowing them to file for bankruptcy, then the bankruptcy judge has the option to modify the home owners loan. Only nontraditional and sub prime mortgages would be considered for this loan modification process. Home owners would also need to prove they can not repay the mortgage and it would only primary residential homes would be considered.

Other items on the proposed bill include 4 billion in funding for communities with high rates of foreclosure. The communities or cities would buy vacant houses that are in foreclosure, fix them up and rent them or sell them. The law also proposes making mortgage documents more clear at the closing table.

The likelihood of this bill helping people falling into foreclosure in 2008 is not likely. The process for a bill to be passed into law is time consuming and filled with political setbacks. This does not mean the foreclosure prevention act of 2008 will not help stop foreclosure for many home owners, it just means the people in foreclosure right now or in the near future are not likely to see relief from this bill.

The proposed foreclosure prevention bill still has a long way to go until it becomes law. It was introduced in February, next it will be voted on by the Senate, then voted on by the House, then considered by Mr. president himself. Only after the president accepts the bill does it become law. This is another interested thing about this bill. It is being proposed and supported by democrats, so the question is will our current Republican president accept a bill proposed by all democrats?


Housing Prices Will Rebound in 2009 – Can You Wait To Sell Your House?

May 5, 2008

The real estate market peak, summer 2005 was a great time to be selling a house. All you had to do was post a For Sale sign in the front yard and you could expect multiple offers within days. Many times you would receive offers from individuals searching for homes FSBO and also offers from home buyers who had representation by a real estate agent.

Well summer 2008 is just around the corner and the real estate market is very different from three years ago. If you take an afternoon walk in any major subdivision you will see real estate for sale signs lining the front yards of houses like mail boxes. In cities like Las Vegas, Nevada, Stockton, California and Detroit, Michigan you will be lucky if you find a house with out a for sale sign. These are the cities that have the largest declines since the market peaked in 2005.

So how long will it take for the real estate market to rebound? Real estate economists estimate that home building and prices of existing homes will not stabilize and start to increase until the middle of 2009. This corresponds to the history of real estate cycles. If you research real estate cycles you will find that they typically last 3 to 5 years. That is 3 to 5 years for the real estate market to go down and hit market bottom, and 3 to 5 years for the real estate market to rebound and hit a new peak.

If you own a home and can not afford to hold out for another the real estate cycle then you may be wondering, how can I sell my house now? Well, you are not alone in this predicament. With home buyers waiting on the side lines for home prices to bottom out you will have a hard time selling your home now. There is one way to sell your house if you are very motivated to sell.

You can sell your house to a local we buy houses company. They are basically local entrepreneurs who make a living by owning real estate. They are very knowledgeable in real estate and solving complicated home selling issues. If you are going through a divorce, need to stop a foreclosure, sell your house before your bank takes your property, or if you home is 100 percent financed and you have no equity, they have a home selling solution.