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Posts Tagged ‘rockland county ny home sellers’

I specialize in  both conventional and short sales  in Rockland County and have definitely seen an increase in short sales in all the Rockland areas. There are so many homeowners out there that need help, in fact a local legal professional told us the other day that it looked like in the near future up to one third of all Rockland residential sales were going to be short sales, EGADS!. After the initial shock of this comment I decided to put in a post about this subject because there are a lot of people who don’t know the difference between a short sale and a foreclosure.  They are very confused and need help.

The following are these terms explained…

short sale is when a lender accepts less than the full amount owed on a mortgage from the home owner and absorbs the difference. This happens when the property is worth less than the amount owed to the lender and the owner must sell because he can no longer afford to pay the debt. The lender is usually willing to accept a short sale and take the loss because it is cheaper than going through the whole process of a foreclosure. In most cases it does not affect the home owners credit and they walk away free and clear. What happens is that the property is put on the market and the amount it sells for is used to pay the mortgage, liens, taxes, real estate agent, attorney, etc. the negative amount is then absorbed by the lender.

A Foreclosure is a whole other animal, this is when the home owner defaults on a loan and the lender seizes the property. This is the worst case scenario. In this case you lose the house, your credit is ruined, it just stinks.

Property seized by a bank is called an REO (Real Estate Owned) these are foreclosure properties that the bank has already seized and now owns.

If you’re having trouble paying your mortgage and feel that your situation is not going to change for the better anytime soon please contact your lender and explain the problem to them. The worst thing you can do is ignore the problem till the last minute and have your home seized.

If you’re struggling to make payments, and you think a short sale is the road you might have to take (you are not alone) please give me a call or email me, I have a great team that works with buyers that are considering a short sale, you can get the help you need, all you have to do is call, I’m always here to help.

I hope this explains it a little for you, times are tough and short sales and foreclosures are definitely on the rise lets just hope that it doesn’t last for much longer, and remember I’m always here for you so please feel free to contact me if you want to talk about your options, it will be completely confidential. You can call me at (845) 300-1741 or email me at malavemarilyn@aol.com

 

Contact Information

Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

 

 

 

 

 

 

 

 

 

 

Now remember this post or comments on this post are not to be used as legal, tax or any other kind of advice, please please please consult with a professional if you are considering any of these options.

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Tips For Selling Your House In Rockland County New York

 

Today for my very first entry I think I’m going to talk about Rockland County real estate, I’m going to start with some tips on how to get your house sold in this market, 10 tips to be precise and here they are…

                                   

 

Tips For Selling Your House In Rockland County New York

 

1) Clean like you’ve never cleaned before. Kitchens and bathrooms sell houses so make sure you give them special attention. I know it may be difficult to keep a house looking immaculate at all times especially when you have kids, so just think about how great it will be to have someone fall in love with it and give an offer because of how great it looks.

 

2) Remove all clutter. Consider getting a storage locker to store the things you don’t use on a regular bases, I mean you have to move anyway why not get started now? Remove toys, pictures on walls, knick knacks, and any other personal things. You want them to envision themselves living in this house, remember you’re not selling them your life, just the house.

 

3) If you don’t want to hire a professional to stage your house than I highly recommend “detailing it” such as painting with a neutral color, and getting the carpet cleaned. Have your real estate agent give you ideas as to what you can do to make your house better. If you don’t have an agent, look at your house from a buyers point of view. If you have cosmetic changes or minor repairs that need to be done, do them. Be honest with yourself and look for the imperfections of your house. Believe me buyers will notice them.

 

4) Work on the “curb appeal” of your house such as landscaping. You want people to drive up to the house, see how well maintained and beautiful it is on the outside and hunger for more. If all they see are overgrown shrubs, dead grass, and loose gutters, it doesn’t matter what’s inside they’ve already made up their minds.

 

5) Have a professional home inspection done on your house and get a detailed report. This way you’ll know if there is anything wrong with the house that you may not have known about before, such as insufficient electrical service, or roof damage. You want to know about these things now, not later.

 

6) Price your house realistically, this is very important, if it’s overpriced buyers won’t come within a thousand feet of it. If you’re selling it on your own, study the market trends and recent sales and price your home accordingly. If you’re going to hire a real estate agent then have them do a comparative market analysis (CMA) with properties that compare well with yours, and for Pete’s sake listen to what your agent has to say. It never ceases to amaze me how people hire a professional to sell their house but they don’t take their advice. It’s like telling your doctor how to perform surgery on you, crazy huh?

 

7) Don’t give unreasonable time and day restrictions for showings. Make it easy for buyers to come see your home. This means weekends and early evenings when people are usually off of work. Remember this is now a buyers market with plenty of other homes on the market. If you make it difficult for them to see your house they will just move on to the next one, believe me there is no shortage of inventory.

 

8) If you have a real estate agent consider having them to put a lockbox on your door (an electronic box containing a key to your house that can only be opened by an authorized person), this way you don’t have to be there whenever someone wants to see the house, which leads me to my next tip…

 

9) Leave the house for showings and take your pets with you. Buyers don’t want you hanging around when they’re looking at a house they might consider buying. This makes them feel rushed, uneasy and anxious to leave. Also make sure pets are not there either, you might know that “Fluffy” is nothing more than a big ball of yumminess, but buyers don’t. Meeting up with an animal in a strange house can be frightening for both the buyer and your pet so please keep them out of the house for showings.

 

10) Hire a licensed real estate agent, stop rolling your eyes this is not shameless self-promotion. Selling your house is probably one of the biggest financial transactions you will ever do, so why would you not hire a professional to make sure everything goes as smoothly as possible. Real estate agents not only market to the general public, but they also market to hundreds of other agents, and these other agents have buyer clients, hundreds of agents equals hundreds of buyer clients, you get the picture. And marketing is just the beginning, a good agent is there working with you from the day you put your house on the market to the day it closes. Don’t wing it, hire a professional.

 

 

There you have it boys and girls, my list of Tips For Selling Your House In Rockland County New York. I’m so happy to be writing this blog, thank you so much for being one of my visitors and don’t forget to keep coming back for more juicy tid-bits.  

Please feel free to submit any questions or comments, but please be respectful when posting, don’t go breaking any laws or anything  😉  

 

 

See You Next Time 🙂

 

You can contact me to list your property for sale or to purchase a property in all of Rockland County. Marilyn Malave Licensed Agent, Realtor® Prudential Rand Realty at (845) 300-1741

 I am accepting referrals.

  
 
Marilyn Malave Licensed Real Estate Agent, REALTOR® Prudential Rand Realty
Direct: (845)300-1741    Email: malavemarilyn@aol.com
Contact Information
Marilyn Malave
Licensed Real Estate Salesperson
Prudential Rand Realty
Direct: (845)300-1741
Email: malavemarilyn@aol.com
Website: www.RandRealtor.com
Blog: http://www.RocklandBuzz.com

 

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