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Request a Free Presentation On How We Will Market and Sell Your Home. Remember, All Real Estate Agents Are NOT Alike.  A "Listing Presentation" is an industry term for the formal presentation that a real estate agent makes to prospective home sellers, trying to earn their trust and business. Don't list your home with a real estate agent without it! We would love the opportunity to make such a presentation to you. We'll visit your Mission Viejo, Irvine and Laguna Niguel home, and together we will walk through it, considering the positives and negatives (if any!). You will then see exactly how we would propose to sell your home, for as much as the market will bear, and within your time frame. We will tell you where we will advertise your home, both in print and on the web. With the dramatic growth in homebuyer usage of the web, you MUST have a top real estate agent that can extensively market your home online! And you'll find out what your Mission Viejo, Irvine and Laguna Niguel home is worth, because part of our presentation will include a CMA (Comparative Market Analysis) of your home. We'll compare your home to others like it in Mission Viejo, Irvine and Laguna Niguel that have recently sold, and also to others that are currently for sale. This is a very important way of determining the fair market value of your home. We make free presentations and prepare CMAs for prospective home sellers every day. We've literally done hundreds, and we know exactly what puts a big SOLD sign in your front yard. We'd love the chance to make a presentation for you. It is totally free and without any obligation. Call us! Or fill out this form... Yes, you can request a FREE in-home presentation of how we would market your property in Mission Viejo, Irvine and Laguna Niguel! We do these presentations for people all the time. It's our job! There's no obligation, and we'll get back to you quickly...
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Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
Where is the world's longest spiral staircase?
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The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps. |
 See More Real Estate Trivia > |
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Mark and Theresa Thoburn
Harcourts
Laguna Niguel
Phone: 949-378-7222
Fax: 949-282-0099
Email: MarkThoburn@cox.net
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