Finding a real estate agent with the experience and negotiation skills to complete a short sale and get your bank to forgive your loan deficiency is crucial in easing the process and turning your difficult situation around.
In this post, I enumerated 5 questions a real estate agent should ask you when interviewing them for a short sale.
What myths do sellers believe in today's market that may not be true?
Often, sellers believe the market is so strong here in Northern Virginia that they think they don't need to do anything at all to be able to get their property ready for sale.
That, in itself, is a myth!
If you want to get the most money for your sale, the highest profit for your sale, you need to do the basic things to market your home.
What Is Impacting the Real Estate Market Today?
As we are finding that the world's starting to go back to normal, homes are now starting to hit the market as we speak. Right now, nearing the end of 2021, we're finding that though that gap between the sellers and the buyers diminished, it is still in the seller's favor as the supply rate rises, and that will probably reduce a little bit more as well.
What is it for you?
Let me share a couple of things to consider that would be beneficial to you as sellers and buyers; Interest Rates where it's not as much in favor of the sellers as it once was. Of course, there's the Pandemic Effect where the home supply remained low throughout the entire marketplace by about 35 percent throughout the pandemic.
Can You Get A Loan If You’re Self-Employed?
A lot of people that I work with mostly deal with business owners. I'm a Real Estate Agent, so I help a lot of business owners to be able to do business and to be able to buy homes.
Being self-employed can make borrowing for a loan complex. But this doesn't mean you're out of luck when it comes to applying for a loan.
Why Should I Get Pre-Approved for a Mortgage Before Buying A Home?
In a hot market, the sellers are going to have the opportunity to be picky. To even pick and choose who comes into their home and oftentimes they're going to tell your agent or they're not even going to allow you into the home unless you're pre-approved!
How to Take Advantage of 1031 Tax-Deferred Exchange?
I'm going to share with you some great information about the 1031 Tax-Deferred Exchange and what that means to you as an investor, and what it will mean if the current administration successfully removed this 100-year law that's been in our tax code, and how we can take advantage of transactions that may help your real estate sale enjoy tax deferral!
Greetings Virginia is a full-service real estate sales company with eXp Realty that helps clients in Northern Virginia, Maryland, and Washington D.C. metro region buy and sell properties in all price ranges.
We have successfully completed hundreds of buying and selling transactions for our clients. We succeed where others may not— through knowledge and perseverance.
