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Short Sales- A better way to sell your home and avoid Foreclosure

Short Sales- A better way to sell your home and avoid Foreclosure!:

The effects from the last market can still be felt today.

Nearly 20% (9 million people) of homeowners across the US are “upside down” on their mortgages. Meaning, they owe more on their mortgage balance than their properties are actually worth.

Short Sales and Real Estate San DiegoSome people thank that they should just walk away and give up their home to foreclosure…

But Hold On!

There is light at the end of the tunnel…

There can be some big time benefits to doing a Short Sale rather than a foreclosure.

To the homeowner there is little difference because either way they will be a walking away from a depreciating asset

BUT the benefits of a Short Sale are in favor of the homeowner.

Let me explain,

Credit Impact: For starters Short Sales affect a person’s credit significantly less than a foreclosure (most of the time, please contact a professional to examine your case individually). Someone who “Short Sells” a property is more likely to qualify for a new mortgage in as little as 12-24 months, whereas a foreclosure and/or bankruptcy will haunt someone for up to 7 years. Depending on how many late payments (if any) are missed during a short sale, will determine how much your credit drops while a foreclosure will leave a massive mark.

Stress: On top of the credit impact most people never talk about the effect on homeowner’s moral when they are going through a foreclosure. It’s never a good feeling for someone that is just watching the bank take their their house away. With a Short Sale, the homeowner will have more time to make moving preparations and the lender will work with you to come up with a resolution.

Homeowner Help: In a Short Sale the homeowner is 100% involved in the process, making their own decisions with the help and guidance of a Short Sale Professional (contact us today for assistance). The Short Sale specialist will handle all communications with the lender, as well as market and sell the property with the help of an Real Estate Agent. This allows the homeowner a great alternative to foreclosure and is a very dignified way to sell a property!

If you, or someone you know is upside down on a property or facing foreclosure contact a Short Sale Specialist once they have missed at least one mortgage payment or decide you need to sell.

We would gladly help if you need any assistance.

Your friends and local real estate experts,

San Diego Realtors

Oliver, Sam, Sandro

The Home Team

Contact us today:

Oliver Graf – Direct: (760)237-8006
Sandro Natale – Direct: (949)290-2599
Sam Khorramian – Direct: (858)518-1533

Have a question? —>Contact or Email us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

BUYING OR SELLING?: Don’t forget our Free Home Search Tool.
Search the MLS anytime! http://www.FreeSDHomeSearch.com

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How to Buy A Property – “I’m ready to Buy a Home… Now What?”

How to buy a property

So you are ready to make a move?

With prices still about 30% below average.  Now is the right time to buy real estate.  If you’re like us here in San Diego, the market is tight so you’ll want to consider these strategies to make the home buying process easy and smooth.

1) Stay Calm – Patience will go a long way.  Don’t spend more than you can really afford.  Buyers can get caught up in the hype, and that can sometimes put pressure on buyers to spend more than they anticipated.

2) Make Your Best Offer – When bidding on a home with multiple offers, you need to come to the table with your best foot forward.  Don’t be afraid to offer an increased deposit and ALWAYS make sure you submit your offer with a pre-approval letter from your mortgage lender and your proof of funds.  Pre-approvals are an absolute must and without them your home buyers offer will be much less likely to be accepted.

Keys3) Check Your Credit First – Before you set off to look at houses, discuss your credit report with your mortgage lender.  Small discrepancies on your credit report can mean the difference of thousands of dollars.  A little known secret is that a simple Open/Closed discrepancy can be fixed with minimal effort in less than 30 days.

4) Account For Assets –  Be prepared for a strict underwriting process.  Mortgage lenders need to see a consistent income.  They will want to know where your money is and how much you’re spending per month, including the things you’re spending your money on.  Don’t purchase a car or change jobs or do anything significant that affects your income while obtaining financing for a new home purchase.  Always ask your mortgage professional about the do’s and don’ts.

5) Offer A Large Down Payment –  The larger your down payment is, the better.  A down payment of 20% or greater is a plus and will not go unnoticed. The larger your down payment is, the less likely you will run into issues with financing.

6) Write A Nice Letter To Go With Your Offer – This is a great way to stand out from the competition.  Assuming all things are equal, sometimes a nice letter from the heart written directly to the sellers explaining why this home is a perfect fit for your family can go a long way.  Buying and selling real estate is an emotional experience.  Families grow attachments to their home and it makes sense that the sellers will want to see a nice new family they can relate to buy their home from them.

7) Find A Good Agent – An experienced real estate agent will bring you knowledge about the home buying process.  Good agent’s will also make the home buying process enjoyable and smooth for all parties. (We would gladly apply for the job)

For any and all your real estate needs, don’t hesitate to reach out to The Home Team.

Real Estate Experts Sandro Natale, Oliver Graf, Sam Khorramian

Your friends and local real estate experts,

Oliver, Sam, Sandro

The Home Team

Contact us anytime:

Oliver Graf – Direct: (760)237-8006
Sandro Natale – Direct: (949)290-2599
Sam Khorramian – Direct: (858)518-1533

Have a question? —>Contact us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

BUYING OR SELLING?: Don’t forget our Free Home Search Tool.
Search the MLS anytime! http://www.FreeSDHomeSearch.com

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Posted in FreeSDHomeSearch
Ultimate Home Buying Strategies – Looking For San Diego Homes And Condominiums For Sale?

In this video San Diego Home sale experts Sam Khorramian and Oliver Graf talk about the strategies home buyers need to know. If you’re thinking about buying San Diego homes, it’s all too important to put a strong strategy together when you begin shopping and this will ensure your search is 10 times more effective and tons more enjoyable!

The most important piece when buying a home for sale in San Diego is making sure you’ve made the right preparations before beginning a search. This short video will show you a few important things to cover before hiring an agent like Sam and Oliver to help search for the perfect new San Diego home for sale:

How much of a down payment are you comfortable putting down on your mortgage?

What is a comfortable monthly payment for you on your mortgage?

Make sure you always get pre qualified by a San Diego mortgage professional.

Start thinking about the features about a San Diego home for sale are “must haves”

Always make sure you hire the right San Diego Real Estate team like Sam and Oliver with Big Block Realty to guarantee you get the best deal on the best new home or condo for sale.

In the searching mood? Search all San Diego homes for sale right here: http://www.FreeSDHomeSearch.com

San Diego homes for sale are the right investments for anyone looking for cash flow rental property too. Sam and Oliver have invested in hundreds of properties and that knowledge has made them and their team “Investors favorite agents”. Learn more about how Team Big Block can help you invest in San Diego homes for sale, contact us today!

If you’re interested in buying and flipping a San Diego home for sale? Just watch this quick video: http://youtu.be/Yr3x71gpkyk

For years Oliver and Sam have been helping clients buy and sell San Diego homes for sale, Carlsbad homes for sale, Encinitas homes for sale, Oceanside homes for sale, La Jolla home for sale, Downtown San Diego condos for sale, Rancho Santa Fe homes for sale and much more.

Oliver, Sam and the team at Big Block Realty have a long history of helping people buy and sell San Diego homes for sale at cant beat prices for years! Let Team Big Block guide you to your next San Diego dream home! Watch this short clip and learn why you should hire Sam and Oliver for your next house or condo purchase: http://youtu.be/GtLU_T_Zv6k

Are you a fan of La Jolla real estate? In this clip Sam takes a tour of La Jolla real estate on Mt. Soledad : http://youtu.be/B1uQt_Ipw8Y

If you need any help or have any questions, feel free to contact me anytime.

Your friends and local real estate experts,

Oliver, Sam, Sandro

The Home Team

Contact us anytime:

Oliver Graf – Direct: (760)237-8006
Sandro Natale – Direct: (949)290-2599
Sam Khorramian – Direct: (858)518-1533

Have a question? —>Contact us direct <—

Big Block Realty
Always working hard for you!
www.BigBlockRealty.com
CA DRE #01885775

BUYING OR SELLING?: Don’t forget our Free Home Search Tool.
Search the MLS anytime! http://www.FreeSDHomeSearch.com

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in FreeSDHomeSearch