Sell My House – How Much Is My House Worth – Get My House Value

April 28, 2008

Given the recent decline in the real estate market many home owners are wondering how their homes value is holding up and how it has been affected.
 
Now days there are great ways to tell your homes value but you have to know which ones you can trust, which ones are accurate, and which ones are quick and easy.
Here are the fastest and easies ways to find out what your house with worth if you were to sell it today.
 
The best and fastest way to find out what your property is worth is to complete a quick online form to receive an offer from your local home buyer. Many people do not realize that local home buyers exist in every major metropolitan area across the United States.
 
The easy online form will take you less than 1 minute to complete and is very quick. Once you complete the online form your information will be forwarded to a professional local home buyer in your area that is very knowledgeable with your local real estate economy. You will typically be contact within 48 hours to give you details on how much your house is worth if you would like to sell it today.
 
The offer you receive is a no obligation offer and all your information is confidential. Most often attached to the offer will be a market analysis showing houses that are similar to  yours that have sold in the last 3 months. If you want to know your homes sales price would be if you sold your house today, contact your local home buyer and receive a free offer.  
 
Many people like to find out what their house is worth by driving their neighborhood to see how much their neighbors are selling their houses for. The problem with this method is every house is different and most people make the mistake of looking at active houses on the market for sale.
 
When you determine your homes value you need to consider what homes have sold for in the past, not what they are currently on the market for today. Many times the asking sale price of a home is not what the home actually will sell for. Especially in this real estate market where home buyer are offering low ball offers to see how much of a discount they can get.
 
Another way people try to determine the value of their house is to look up their tax assessed value of their home. The value of the home is based on two numbers, the land value and the home or structure value. Many tax assessors estimates are not accurate and are either over or under estimated.
 
If you are wondering how can I sell my house and you need to know how much your house is worth, contact your local home buyer. It is the fastest and easiest way to determine your homes value with no obligation or effort.  

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Posted by Shaun G.

What is My Property Worth and Who Will Buy My House

April 23, 2008

It is happening again. Every three to five years the real estate market goes through another cycle and pessimism creeps into many. When the market is going down is it mostly caused by demand for new houses falling. The continuation in falling housing prices changes the psychology of home buyers so they stop buying. This process further decreases home prices and the real estate market.

Recent surveys by many consumer groups are reporting that consumer confidence is decreasing, foreclosures are rising and homes fore sale are sitting on the market longer. This all plays into the psychology of home buyers. People do not want to purchase a home if the value is going to continue to decline.

So, what does this mean for the average home seller? Well if you do not have to sell you are in good shoes. You can wait for another two to five years for the market to bottom, then wait for another three to five years for the market to come back up, then sell. So if you can hold out for seven or so years in your current home, you are in ok shape.

The major problem is life happens and for what ever reason people need to sell their house. Could be divorce, lingering foreclosure, job relocation, family issues, ready to cash out of an investment, health issues, the list goes on.

For those home owners who need to sell, you are in a harder home selling situation. You can not afford to wait for seven or so years for the real estate market to come back around. The good news is there are still ways in this slow real estate market for you to sell your house and move on with your life.

It doesn’t matter if your home is over financed or you have lots of equity. There are still home selling solutions that can solve your particular selling need. The first question you are probably asking is how can I sell my house if I have no equity. Well for this reason professional real estate investors exist in every major city in the nation.

Professional real estate investors exist throughout the country to solve complicated real estate problems. Yes they do have to make a profit to keep their business running but that does not mean they are going to steel your house. Many professional long term real estate investor just want to add to their real estate portfolio and hold properties for long term.

As a home seller in this real estate market I know you have other questions like how do I find out how much my house is worth, or how much is my property worth?

Well, probably the largest benefit from contacting your local real estate investors or home buyer is to find out how much your house is worth with no obligation to sell your house. In fact you can input your information over the internet and receive a home value and offer in less than 48 hours.

So the first step in find a solution to your home selling need should be to contact your local home buyer who is an active buyer in your neighborhood to determine your best selling solution. They will give you a free, confidential, no obligation offer for your house and you will know how to move forward.

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Posted by Shaun G.

Hundreds of Renters Being Evicted by Banks and Real Estate Investors Still Profiting

April 16, 2008

Now that the foreclosure epidemic is in full swing, it is not just home owners who are getting slapped in the face. Hundreds of tenants renting homes across the nation are being evicted and forced to move with little or short notice from the banks.

The renters have no idea the homes they are living in are in preforeclosure status and are scheduled to soon be sold at public auction. The renters only find out when they come home to a notice posted on the front door stating they have 30 days to move or be forced to leave the house.

It all started when investors purchased houses as investments speculating they would go up in the near future. They purchased high end homes with larger price tags so they could make more money in a shorter amount of time. After all when housing prices go up by 10% you are much better off to having a $500,000 house than a $100,000 house.

Now many of those so called easy money real estate investments are falling into foreclosure and the banks are the ones evicting the tenants. Many tenants are in long term lease agreements and have been paying their bills on time for months. They also put down large sums of money as a rental deposit for the home they have been living in.

“I see this scenario on a weekly basis. Once the home owner or investor knows they can not afford the mortgage they keep collecting the rent checks but dont pay the mortgage and pocket the money”. Shaun Greer (Founder of ExpertHomeOffers.com a national internet company that connects motivated sellers with local real estate home buyers).

So the questions is,
Do you think the real estate investors or land lords are responsible for loss damages paid to the renter? After all moving your family in less than 30 days can be very hectic and these renters are also out their deposit.

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Posted by Shaun G.

8 States With The Lowest Foreclosure Rate

April 9, 2008

The fourth quarter 2007 National Delinquency Survey results were released earlier this month and Idaho is ranked in the top 10 states with the lowest foreclosure rates in the nation. The National Delinquency Survey covers approximately 85 percent of more than 50 million loans in the United States housing.

The results show Idaho as having 268,029 residential mortgage loans being service, 3.86 percent of which are past due. 2.41 percent of the past due mortgages were at least 30 days late and .74 percent were at least 60 days late.

The report also sated at the end of 2007 less than 1 percent of Idaho home mortgages were in foreclosure, this is approximately 2,412 loans. With the continued real estate market slump, is estimated that the first quarter of 2008 will reveal higher numbers then the fourth quarter 2007 numbers.

The top 8 states with the lowest foreclosure rates in the fourth quarter of 2007 were;

  • Washington
  • Oregon
  • Alaska
  • Wyoming
  • Utah
  • Montana
  • Idaho

So the good news is Idaho is among the top 10 states with the lowest foreclosure rate in the nation.

If you are behind on your payments and the possibility of foreclosure is looming, contact your local real estate investor. Local real estate investors are still purchasing properties in some of the hardest hit areas of the nation. They know your local market and can show you many avenues to sell your house, lease options, short sales, owner finance, and cash offers are all possible solutions to your selling need.

This data was collected from the Nation Delinquency Survey report.

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Posted by Shaun G.

Foreclosure Rates are Climbing, When Will The Real Estate Market Hit Bottom

April 7, 2008

January 2008 saw another large jump in foreclosure filings. Nationwide, filings for foreclosures jumped 57 percent, causing 45,327 homeowners to lose their homes to bank repossessions. This is yet another indication that our national real estate markets fears are far from over.

Although this increase was only a modest increase from the month previous, the increase demonstrates that despite recent attention paid to reducing the foreclosures, the financial issues in the real estate and mortgage industries are only deepening.

While there are an increasing number of mortgage assistance programs being developed at both the state and federal level, many of these efforts are only giving borrowers the opportunity to pay back their missed payments instead of lowering the monthly payments through interest rates and helping stop foreclosure. In essence, these programs could be a short term fix and ignoring the larger problem of interest rates that are too big for the borrower to afford. Lenders are claiming that they are restructuring their mortgages to offer lower or temporary fixed interest rates to reduce balances to help people save their homes for now.

Florida, California and Nevada had the highest rate of home foreclosures, which was not surprising with their real estate and mortgage industry histories. All three states showed record price increases and saw a large number of homes sold to investors versus primary residence owners. Nevada reported one out of every 167 homes was in a stage of foreclosure in January alone.

California is suffering the largest number of foreclosures with more than 57,000 on file. Florida trailed shortly behind with 30,000 filings of its own. Unfortunately, other states are now also seeing an increase in foreclosures, including:

  • Maryland 430 percent increase in foreclosure filings
  • Virginia 634 percent increase in foreclosure filings
  • Rhode Island 279 percent increase in foreclosure filings

Of course, these three states have relatively low foreclosure filing rates to begin with, but these percentages show a startling trend towards increasing foreclosures in the area. Although Virginia has the highest rate of increase here, their numbers are still a quarter of the foreclosures that are seen in Nevada.

Lending laws and foreclosures are greatly varied from state to state, influencing the foreclosure filings significantly. However, with record filings being issued, many of the influences from non traditional mortgages are starting to show in markets nationwide. Some of these non traditional mortgages include subprime or hybrid adjustable rate mortgages that have mortgage rates that reset much higher often utterly unaffordable rates after two or three years with the lower rates. For this reason, borrowers are caught off guard and will default after just a few months after the rate reset. Interest only loans and option adjustable rate mortgages are also contributing factors to the foreclosure problems.

Although these non-traditional mortgages have all but disappeared from the market now, their effects are still being seen throughout the current real estate marketplace. They will lead to more increases in foreclosure filings in the future. Many say that the effects from these mortgages wont be straightened out until the end of 2009 at the earliest.

If you are in a home selling situation and are close to loosing your home to foreclosure you do have house selling options. Contact your local home buyer or local real estate investor see determine what option is best for you. Local home buyers existing in every major city in the nation and they purchase homes off all sizes, price range and condition.

 

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Posted by Shaun G.

100 Top Foreclosure Zip Codes and Cities

April 2, 2008

Las Vegas, Nevada tops the list of the highest foreclosure rate in the nation with eight out of the top 10 zip codes coming from the gambling capital of the world. The worst zip code in the nation had 741 total foreclosure filings in December of 2007 and was in
North Las Vegas, zip code 89031.

Number eight on the list of top foreclosure filings in December 2007 was
Stockton California, zip code 95206, with 473 total filings. Another state but still in the top 10 was
Detroit Michigan, zip code 48228, with a total of 453 foreclosure filings.

Other cities on the top 100 foreclosure filings in December 2007 include Lehigh Acres  Florida, Cape Coral Florida, Phoenix Arizona, Cleveland Ohio, and
Woodbridge Virginia. For a complete list of the top 100 highest foreclosure zip codes you can check out the full story at CNNMoney.com

These are just the top 100 zip codes. There are many other cites and state with high foreclosure rates. Many people purchase homes and can now not afford their adjusted mortgage payment or the current economy is just not giving them the income they need to afford their mortgage.

If you are getting behind on your payments and the possibility of foreclosure is looming, contact your local real estate investor. Local real estate investors are still purchasing properties in some of the hardest hit areas of the nation. They know your local market and can show you many avenues to sell your house, lease options, short sales, owner finance, and cash offers are all possible solutions to your selling need.

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Posted by Shaun G.

The New Mortgage Plan – Who Qualifies?

March 27, 2008

The rate of foreclosures is at an all-time high and the real estate market is suffering as a result. As the market drops and a recession looms, mortgages and foreclosures are on the lips of anyone talking about the financial future of the county.

President Bush and Treasury Secretary Henry Paulson has announced their plans to help reduce the number of foreclosures and assist troubled homeowners nationwide. However, your next questions should be – what does this new plan entail and can I qualify?

The proposed new plan against foreclosures is set to address the issues of many struggling homeowners who have not been able to be reached by housing counselors who have had to individually monitor each homeowner case to determine whether or not assistance was needed.

Now, counselors will be able to more efficiently determine which mortgages need help and what type of help they could use. These counselors can look at a variety of factors like the type of mortgage they have, the size of their mortgage, their FICO scores and payment history to determine whether it would be beneficial to step in and make additional help with these mortgages before it is too late.

Roughly 1.2 million homeowners can qualify for this plan with some homeowners able to refinance into loans that will have better terms for them. Other homeowners can qualify for a five-year freeze on their current mortgage rates and see the boon in having stronger financial success. How do you know if this new plan against foreclosures can benefit you?

In order to qualify for the assistance from your mortgage servicer, you will need to have an ARM or Adjustable Rate Mortgage at subprime rates. The initial fixed-rate of the mortgage will need to be three or fewer years and your loan must have originated between January 1, 2005 – July 31, 2007.

Your initial reset needs to occur between January 1, 2008 and July 31, 2010. If you are one of the hundreds of thousands of homeowners who have already faced a rate reset, you are out of luck with this plan.

If you are currently behind on your loan, you won’t be able to qualify for a “fast” solution and will also be disqualified if the home is not your primary residence, like renters whose landlords face a foreclosure and the tenants face an immediate eviction.

If you are current with your loan payments, however, have some equity in your home and offer a good payment history and FICO score, you will be able to qualify for a refinance. Your mortgage servicer can work with your situation to get you a possible refinancing solution that better fits your financial outlook and avoids a significant rate increase.

You can qualify for a rate freeze if your loan-to-value ratio is 97 percent or higher, meaning you have less than 3 percent equity in your home. Your FICO score needs to be 660 or below and has not raised by more than 10 percent since you took out the loan as well.

If you are in a situation where you are thinking how can I sell my house fast myself then contact your local home buyer or local real estate investors. There are real estate investors who buy properties all over the nation; they are local to your area and professionals you can trust.

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Posted by Shaun G.

Sell Your House Fast Needed Tips

February 10, 2008

When a person finally makes the decision to sell their home for whatever reason, one of the things that is most heard is “I want to sell my house fast.”  This is understandable.  Leaving behind a home you have lived in for a time is not easy, even if the decision to sell has been made for positive reasons.  It takes more than just a wish to help sell your house quickly; it takes commitment to a few simple rules.  To help you realize your goal, here are a few things you can do to make sure your have the best chance of your home selling. By following these, you will help convince a local home buyer to make an offer.

Tell yourself, “I will sell my house fast by de-cluttering”.  This may seem unnecessary; after all, you will be packing after you sell the house.  However, a house can be clean and still appear unappealing to a home buyer if there is a lot of clutter.  The house will appear smaller.  Taking the time to empty off bookshelves, pack knickknacks and clean off counters and tabletops will make these areas appear more open and thus allow each area to appear bigger.  This also enables a buyer to picture his or her own belongings in that space.

Tell yourself “I will sell my house by emotionally letting it go”.  Take the time before you show your house to take down all pictures.  Leaving the walls blank will allow a potential home buyer to picture his or her own art on the walls, making it appear more appealing.  Go through and pack away any family photos and items with sentimental value.  This will allow you to sell your house, not your home.  It is easier to sell a building than a place that is full of memories.

Tell yourself “I will sell my house quicker if I make minor repairs”.  Go through your house and look around objectively.  Repair any cracks and holes.  Repainting all the walls a neutral color will also help allow home buyers to see each room as they would like it to appear.  You may love your purple bedroom, but people looking for a new home may prefer blue or green.  Make sure all light bulbs are working, all leaks are fixed and all doors are in good repair.  When the minor things are taken care of, the house will look more appealing to potential home owners and they will make an offer.

Curb appeal is also another item that should be on your list to complete before selling your house. Go outside and look at how your house appears when you approach it.  You want potential home buyers to feel it is worth entering.  If paint is peeling or the house looks neglected, they will not even come inside and you have now lost a potential sale.

By implementing a few tasks you will have a much better chance of your home selling quickly rather than sitting on the marketing. This will allow you to feel in more control of the situation. When homes sit on the market and do not receive offers in the first few weeks you will have to drop your asking price, and no one likes to do that.

If you do not have the time or do not want to put in the effort of getting your home ready to sell you could always sell your house to a local real estate investor. Many people are not aware that real estate investors exist in every major city in the nation. They buy houses from people in all kinds of situations. Divorce, foreclosure, bankruptcy, relocation, inheritance, 100 percent financed homes, ugly homes and pretty homes.

If you need to sell your house quickly and do not have the time or money to deal with selling your house to picky buyers then contact your local home buyer. They will give you a free offer on your home and you have no obligation to accept it.

1 Comment | Boise Idaho Real Estate - Sell My House, Home Buyers, Maryland Real Estate, New Jersey Real Estate - Sell My House, Sell My House, Sell My House In Boise, Sell My House In Maryland, Sell My House in New Jersey, Stop Foreclosure In Boise, Stop Foreclosure in Jew Jersey, We Buy Houses Nation Wide | Tagged: , , , , , , | Permalink
Posted by Shaun G.

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