To get your home sold quickly in the #OrlandoRealEstate market, it’s important that other agents in the area show it to as many potential buyers as possible. The first thing a good agent will do when working with buyers is talk to the buyer and learn what kind of home they are looking for. Then the agent will search all the available homes for those most closely matching what the buyer wants. Next, the agent puts together a list of the best matches to go show to the buyer. When a busy agent is compiling a list of homes to show a buyer, the agent will naturally tend to show those houses that are easiest to gain access to first. Many homes on the market have “lock boxes” on them. The lock box is a device which holds a key to the home, that only qualified local agents can access. Homes that are listed as being “lock box, no appointment needed” will get shown more often than homes listed as “agent has key, call for appointment”. If at all possible, you should let your agent put a lock box on your home for easier showing.
If you can’t do a lock box, you need to be sure that you make it as convenient and easy as possible for other agents to show your home. If they call, do whatever you have to do to accommodate letting them show your home to buyers on their schedule. If you don’t, the agent will probably show the buyer other homes, and if that buyer makes an offer on one of them, you’ve just lost a great opportunity.
It’s best if you can leave when the agent and buyer arrive to see your home. Buyers won’t feel comfortable with you there, and it could sour an otherwise good impression.
by David WelchOrlando Real Estate
Foreclosure 101: What You Need to Know
Most people don’t know
anything about the act of foreclosure,
other than that it involves losing one’s home. However, foreclosure is a
complex process, and isn’t inevitable even
if you are struggling to pay your mortgage or are months behind on payments.
Here’s a brief overview that covers what foreclosure is, how to avoid
foreclosure, how to stop scammers, tips for purchasing a home after
foreclosure, and how a real estate agent can help--
Foreclosure is the act of
the bank or lender taking possession of a home when the party holding the mortgage
fails to make payments. Foreclosure doesn’t happen immediately; the bank must
first send a notice of default, which is issued after the fourth missed monthly payment.
How to Avoid Foreclosure
inevitable, even if you’re behind on payments. You should work with an
experienced professional to explore your options,
Modifying or refinancing your loan;
Seeking assistance from state or federal
programs if you are unemployed;
Considering filing for bankruptcy; and
Selling your home.
Foreclosure Scams and How to Spot Them
If you are at risk of foreclosure,
be aware of foreclosure scams. In these schemes, scammers promise to save your
home or lower your mortgage payments, but require a fee to do so. These scams
can cost you thousands of dollars, and may not delay or prevent the
foreclosure. If you have received a notice of default from your lender, watch
out for the following, which may be signs of a scam:
Anyone promising to modify your loan, but
asking for a fee;
Anyone contacting you claiming to be from
the bank/lender, but asking for payments to be sent to a separate
“Money-back guarantee” claims;
Offers to buy your house for cash; and
Pressure to sign documents or papers you
don’t understand and haven’t thoroughly read.
Can I Purchase a Home after a Foreclosure?
If your home was foreclosed
on, you may be wondering whether or not purchasing again in the future is
possible for you. Many people purchase a home after foreclosure, but must do
the following first:
money - If you want to purchase after
foreclosure, you will likely be required to put at least 10 percent down;
credit - You will need to show a history of
on-time payments and a low credit card balance in order to qualify for a loan
after foreclosure; and
- You will likely have to wait at least two years, and up to seven years,
to qualify for a loan after foreclosure.
Reach Out to an Experienced Real Estate Agent to Learn More
To learn more about the
foreclosure process and buying a home after foreclosure, contact an experienced Orlando real estate agent. A
real estate professional can help you to find a home that’s within your budget,
and answer any financing questions you have.