The most Important step in selling your home.

The most important step in selling your home is finding that sweet spot, the accurate market value of your home. If it’s priced too high, you will know in the first few weeks.

The biggest mistake home sellers make is pricing their new listing too high thinking they can always lower the price later.

 Seasoned Realtors watch the new listings coming on the market each day. These new listings are introduced on all the international Real Estate web sites and viewed by thousands of potential home buyers. This is when your listing gets the most exposure.  You only get one chance to make a great first impression.  A high priced listing is going to help your neighbor sell their home & waste precious time. The first 2 or 3 weeks are critical!! If the listing is priced to low a Realtor is leaving the seller's money on the table. This to me is a disservice to the customer.  

Getting a true accurate market value of your home takes research, market knowledge and experience. There are so many factors that equate into the formula.  A computer based home value engine treats all homes by price and square footage. It doesn’t take into consideration if a home was well cared for, has an updated master bath or is backed up to a main road. When a buyer applies for a mortgage the new lender sends a competent appraiser out to evaluate the property.

 If the contract price is higher than the appraised value, the whole process of showing your home, taking it off the market when the contract was signed, etc., was all a waste of time. This is a very complex evaluation reviewing recent sold properties in your area and comparing them to the subject property. Every detail of the property will be considered and compared with the recent sold properties in your area.

 If you are considering selling your home it may be worth more than you think. For a true, accurate market value of your home that is backed up by facts,  contact me and I will visit your home and do a complete comparable market analysis. Then I will show you my international marketing plan that will get more qualified buyers into your home.

David Foster GRI

239-246-5660

Web Site www.davefoster1.realtor

I can't afford my mortgage payments but I can't sell because I'm UPside DOWN!!!!

I wanted to share something with you that may benefit your finances in regards to your current mortgage.  IF you are currently upside down on your loan which many people are, and have unsuccessfully tried to get your lender to modify your balance or rate with no luck, then this might work.  I have not sent out any mortgage modification e-mails in the past, because the majority of the ones that were rolled out were simply glorified forbearance programs that most families did not qualify for anyway and had to spend 6 months sending in paperwork.  This is being done for primary residences only.

This will be very fast and easy, I promise.  You do need to meet 3 things first to see if you are eligible and then take step 2.  Follow instructions below:

1.       Go to the following links and input the minimal information requested to see if your loan is insured by either Fannie Mae or Freddie Mac.  If you know you have an FHA loan, then STOP as they are not participating in the HARP 2 program

http://www.fanniemae.com/loanlookup/  This link is for Fannie

https://ww3.freddiemac.com/corporate/  This link is for Freddie

If your loan is currently insured by either one of these, then proceed to step 2

2.      You must be current on your last 12 months payments to be eligible for this program, and will be qualified with a simple debt to income formula to be sure you meet the guidelines.  If you are current, then proceed to step 3.

3.      Call your current lender and ask them IF they are participating in the HARP 2 refinance or loan modification program and go from there.  There is NO appraisal done on this program and it does not matter how upside down you may or may not be.  PRMI is not writing these deals, but the majority of people I have spoken to have completed them in 2-3 weeks w/ little hassle.

Thank you to our Guest Blogger.... Brad Stahlhut from Primary Residential Mortgage!

David Foster GRI E-Pro