Solving Your Mortgage Crisis Just Got Easier

Solving Your Mortgage Crisis Just Got Easier

5 Steps for a Successful Short Sale

Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past.

If you are considering short selling your home to avoid the financial and emotional fallout of foreclosure, you should be aware of the five steps you should take to increase your chances of a successful transaction.

First, do you qualify?

You must:

  1. Have a verifiable hardship, like unemployment, medical bills, or relocation
  2. Must have a monthly income shortfall
  3. Be insolvent (you have no cash or assets that can be sold to pay down the mortgage), or headed towards insolvency

If you meet these qualifications, follow these five steps to a successful short sale:

  1. Contact me so we can identify your servicer, fill out a short sale packet for the lender, and assemble all the required information needed to list your home for sale
  2. Gather financial information (i.e., bank statements, pay stubs) from at least the last three months
  3. Keep your house in showcase condition for showings, and make as many repairs as necessary and that you can afford
  4. Expect the lender, junior lien holders, and private insurance companies to request more paperwork, and try to gather requested information quickly to ensure transaction efficiency
  5. Set realistic expectations and work with me, the lender, and the buyer to the satisfaction and benefit of all parties involved

For more information about how the short sale process works, or about any other foreclosure alternatives you may qualify for, call me today. I can help you alleviate the burden that the threat of foreclosure brings, and we can develop a strategy to help you breathe a little easier.

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More

Ten Tips for Selling Your Home

Ten Tips for Selling Your Home

Sell your home for top dollar with these tips

Whether or not we’re in a buyers or sellers market, or even in a distressed market, we always advise home sellers to do whatever it takes to try to quickly get top dollar for their home.  There are many easy things that can be done to accomplish this. 

We know that most people make decisions based on emotion, and buying a home is no different.  In fact, it’s probably the most emotional decision one will ever make in their lifetime.  So, the goal of selling a home is to try and connect with a home buyer so that they become emotionally attached to a home and want to purchase it and make it their own. 

Here are some tips to follow if you’re selling your home.

1)      Make the Right First Impressions – When buyers drive up to a home, there is only one chance for that first impression.  Make sure that the exterior of your home makes a statement.  For starters, power washing the outside will help rid the home of dirt and debris.  Try to avoid parking cars in the driveway to give the impression that there is plenty of parking in the garage.  Also power wash oil stains and debris in the driveway.  Make sure the landscaping is maintained and add color if possible by adding potted plants and/or flowers.  Even your front door will make a statement, so be sure that it’s clean, touch up any chipping paint if needed, and make sure the locks don’t stick. 

2)      Make Obvious Repairs – Repair any peeling exterior paint or damaged siding, especially in the front of the home.  Make sure the front door hinges and hardware work perfectly, and the doorbell too since one of the worst first impressions is a non-working doorbell.  If for some reason you can’t get it to work, place a note over the doorbell that reads “Please Knock”.  Sliders and doors all need to be oiled and working smoothly including the sliding screen doors too.  You want that smooth transition from room to room and from indoor to outdoor living.

3)  Get a Pest Inspection.  Although not mandatory, there are quite a few loans that will require that a termite inspection be done.  It may be worth it to do this ahead of time, so that your buyers know what they’re getting into ahead of time and you can hire an inspector that you trust.  If you choose to clear all Section 1 problems (active infestation), be sure to hire a contractor or professional and then have the inspector return to give a clear report.  This inspection report and/or clearance can be provided to a buyer, often times even attached to the MLS listing. 

4) Empty the Garage.  This is my favorite recommendation for sellers because it’s one of the best tips for selling your home much quicker. A garage is typically the man’s space, but both men and women always want to see if they have room to store their items and they will always look in the garage. A clean and empty garage is always attractive to future buyers, so either clear out as much as possible or rent a storage unit and take everything in the garage and put it in storage for a month or two. You can also use the storage unit for the decluttering, which is the next step.

5) Clear Out the Clutter.  Difficult as it may be for any homeowner, it’s very important to declutter and depersonalize the entire house. Buyers need to be able to visualize their furniture and their possessions in your home and if you have too much of your stuff hanging around they won’t be able to do this. Less of your stuff in your house makes the room cleaner and larger and everything seems much calmer. A staged home is a good example of how much of your personalized possessions should be present – which is not much, especially in the main living areas.  Less clutter enhances the architectural details or unique accents in your home too.

6) Interior Sprucing.   Fresh paint on the walls is probably the best thing you can do to add appeal to the interior of the house for future buyers. Saturated colors on walls are less attractive than neutrals; consider painting it a grey, tan, or white so future buyers can envision their own color and art on the walls. Touch up the baseboards and trim also since dirty trim and scuffed up baseboards make a home look dingy.  Clean the whole house including the windows and the carpets to rid the home of dust and odors and keep them fresh and clean until escrow closes. Hire a professional window washer or carpet cleaner if necessary.

7) Price it the home Correctly.  Resist the urge to overprice your home especially in the current real estate market. Your personal attachment to your home may cause you to list the home for more than its worth, but you must be realistic about its true value. The ideal time for an offer is within the first 30 days, so setting the right price is key. If it’s priced too high, the home may not get showings, and you’ll be forced to reduce the price to leave buyers wondering what is wrong with your home.

8) Demand Good Marketing Photos.  Most real estate agents and brokers underestimate the importance of good marketing images of a home. Good images will attract more buyers, poor images have the opposite effect. For examples of excellent marketing photos go to: www.BrentHaywoodPhotography.com

9)  Show It Well (No Pets or Bad Odors)  Having a pet in the home isn’t always the best idea when showing the house to new buyers since they can be distracting. You want your buyers looking at the home and not worrying if it’s okay if the cat goes outside or if the dog is friendly or not. Pets need to be kept away from the showing, whether you take them on a walk, place them in a room away from buyers, or take them to a friend’s house while your home is on the market.  Also be sure your house doesn’t smell like your pets either. Clean surfaces and carpets are important and air fresheners are always a good idea. Fresh flowers on the dining room table or a bowl of fruit in the kitchen make your home’s living spaces feel fresher and more appealing.

10) Hire the Right Agent.  We have many years of experience in the San Diego market, we have listed hundreds of properties in various price points.  We believe in constant communication and respond to calls and emails right away. When we list the property, we ensure that we receive from our sellers all the selling points of the home including such things as upgraded appliances, air conditioning, new fixtures, modern technology, home alarms, etc. We will also do the research on obtaining details about your neighborhood, HOA (if applicable), as well as schools, parks, and other amenities.  And in this challenging market, we are also extremely versed at dealing with short sales, foreclosures and other distressed situations. 

 Source – http://www.centsationalgirl.com/2012/03/ten-tips-for-selling-your-home/

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More

Fire Season is approaching, be prepared!

Wildfire season is approaching, are you prepared?

Things you can do around your home to prevent wildfires.

 According to website www.readyforwildfire.org :

Cal fire warns that this fire season may be especially dangerous, as the winter months were relatively dry. Much of the vegetation from the 2007 fires has returned. So, it is not a matter of if we are going to have a large fire…but when!  It is important for us to be prepared.

Preventative steps to make your home defensible:

  • Remove all dead plants, grass and weeds
  • Remove dead or dry leaves from your yard, roof and rain gutters
  • Keep trees trimmed so they remain a minimum of 10 feet from other trees
  • Remove branches that hang over your roof. Keep dead branches 10 feet away from your chimney
  • Relocate wood piles into an area at least 30 feet away from the house.
  • Remove vegetation and items that could catch fire from around and under decks

Assembling an Emergency Supply Kit (as per Cal Fire)

  • Three-day supply of non-perishable food and three gallons of water per person. 
  • Map marked with at least two evacuation routes
  • Prescriptions or special medications
  • Change of clothing
  • Extra eyeglasses or contact lenses
  • An extra set of car keys, credit cards, cash or traveler’s checks
  • First aid kit
  • Flashlight
  • Battery-powered radio and extra batteries
  • Sanitation supplies
  • Copies of important documents (birth certificates, passports, etc.)
  • Don’t forget pet food and water!

Always keep a sturdy pair of shoes and a flashlight near your bed and handy in case of a sudden evacuation at night.

 For other tips in preparation for fire season, such as evacuation guides and the best emergency supply kits, http://www.readyforwildfire.org/defensible_space

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More

San Diego Real Estate Photographer Featured

Local San Diego resident featured as top Real Estate Photographer

Former real estate agent photographs multi-million dollar homes

As featured in an article in the San Diego Union Tribune, written by Lily Leung:

Shooting homes of some of San Diego’s rich and famous, Brent Haywood of Brent Haywood Photography, Del Cerro resident and former real estate agent, is one the highly requested photographers in the industry.  He has shot some of the most expensive homes in San Diego and those of some famous San Diego residents including Drew Brees and LaDanian Tomlinson. 

When real estate agents or homeowners themselves need high quality images to post in magazines such as “Dream Homes” and “San Diego Premiere“, they call him.  He shoots mid-priced homes also.  He treats every home with the same professionalism and careful eye. 

A former real estate agent himself, it was a stroke of luck but also perfect timing as he has built his photography business to a hugely successful one, shooting not just homes but family portraits, body-builders, yachts and anything else you can think of. 

Real estate shoots can start from $125, but depending on size of home and time of day photo shoot takes place, they can be $1,200 to $1,500 a day.  His biggest challenge is image theft as he isn’t always able to watermark his own photos. 

One of his favorite places that he has shot is in the Electra building in downtown San Diego.  Check out his website for samples of his beautiful images or to book him for your next photo job.

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More

Real Estate Predictions for 2011

5 Predictions for 2011

Freddie Mac points out five features that will characterize the housing and mortgage markets next year

1. Low Mortgage Rates:  Relatively low mortgage rates will be a feature of the 2011 mortgage market.  Those watching the Fed expect the central bank to keep the federal funds rate at 0 percent to .25 percent.  30-year fixed rate loans will more than likely stay below 5% throughout the year.

2. Prices have hit bottom: House prices are likely to begin a gradual, but sustained recovery in the latter half of 2011.

3. Housing will remain affordable: Many first-time homebuyers will hit the housing market in 2011 because of the affodability of homes being high.  This will mean more home sales in 2011 than in 2010.

4. Refinances will dwindle: With the Making Home Affordable refinance program expiring in June of 2011, many of the eligible borrowers have already re-financed.  Refinancing will be less of an option to most home owners because although fixed-rate loans are likely to remain low, they will gradually move up.

5. Delinquency rates will decline: Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the “seriously delinquent rate” — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall.

Source: Freddie Mac (12/09/10)

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More

Fall Home Maintenance Checklist

Prepare for Cooler Weather with this Home Maintenance Checklist

Break out the “Honey-Do” List!!!

 
With the fall season now here and winter approaching, now is the time to  prepare your home for the new season. Regular maintenance of the home is critical to its preservation and can add significantly to its resale value. Use this checklist to prepare your home for the cooler days and frosty nights of fall.

Yard:

  • Rake and compost leaves
  • Seed and feed your lawn
  • Mulch flowerbeds

Roof:

  • Trim limbs and vegetation away from roof
  • Inspect roof and roof vents for any needed repairs
  • Replace any loose or damaged shingles
  • Clean gutters and downspouts

Foundation and Exterior Masonry:

  • Clean fireplaces and chimneys
  • Check chimney mortar for any deterioration
  • Make sure downspouts and grading all direct water away from the house

Doors and Windows:

  • Inspect caulking and paint for damage and repair as needed
  • Oil door hinges and garage door moving parts

Heating and Cooling:

  • Arrange for annual inspection and cleaning of heating systems
  • Rinse off A/C compressor/condensing coil unit to remove debris and dirt
  • Consider upgrading to a programmable thermostat
  • Change the furnace filter (when needed)
  • Check smoke and carbon monoxide detectors
  • Check and clean humidifier

Plumbing and Interior:

  • Inspect and repair any damaged caulking in tubs, showers, sinks, toilets and backsplashes
  • Check pressure relief valves on water heaters
  • Inspect refrigerant lines for missing or damaged insulation
  • During wet weather, check ceiling and around all doors and windows for unwanted moisture
  • Check attic ventilation
  • Make sure dryer vent is clean

You might  to seek professional assistance for some of these suggestions. Let me know if you need a referral.

Be Sociable, Share!
  • Twitter
  • Facebook
  • email
  • StumbleUpon
  • Delicious
  • Google Reader
  • LinkedIn
  • BlinkList
  • More
Home Evaluation Featured Listings
Facebook YouTube

The Keys To San Diego Videos

Connect with The Keys To San Diego

Horiz Blue

Mary Ellen Haywood
CA BRE License #01264878
Mobile:619-994-5515

Pacific Sotheby’s International Realty
810 West Washington Street
San Diego, CA 92103

Office: 619-269-2277
eFax: 619-819-9910

Web Design and Seo Services