Successful Selling In A Buyer's Market of Paradise CA Homes For Sale Part 4 of 8

Successful Selling In A Buyer's Market of Paradise CA Homes For Sale Part 4 of 8

This is the 4^thin an 8 part series on Successful Selling in a Buyer's Market Paradise CA homes for sale and we are discussing how to Process the Information from our previous Market Evaluation.

4. Process the Information: This can be a challenging process, but none the less a necessary part of selling your property. Comparing the Market Evaluation relative to your equity position will assist you in making one of the following four decisions:

Market Price Range Is Acceptable:Result = You and your home are in a position to sell and you are ready. If this is the case then you can complete the next 4 steps in pursuing your Paradise CA home for sale

Market Price Range Is Unacceptable:Result = The market range is below what you would like to sell your home for. You don't need to sell and are happy in your present location. No problem sit back and relax. Due to the historic increases in values many homeowners began to view their home as being primarily an investment. My humble opinion is your home is primarily a place to live. Generally homes make great investments long term, but no matter what families have to live somewhere.

Market Price Range & Negative Equity:Result = The likely sale price range is below what you owe on your home. While this is not what you wanted to hear if you don't need or want to sell your home sit back and relax. But if you need or want to sell you may consider a Short Sale although the first step in pursuing a solution would be modification of the mortgage through the lender. If that does not lead to a successful conclusion you may consider the Short Sale process. There are numerous factors to look at when considering Short Selling a home. We have a short list of questions to initially determine the prospects of Short Selling your home. Approximately 30% of all homes in a negative equity position are not candidates for Short Sale. But that being said 70% of the homes are. So with a clear plan and Lender cooperation a sale is still possible. Note: In Short Sales the Lender pays all Realtor Commissions.

My personal opinion is we have not seen the last of the Government and Banking industries' solutions to the mortgage and real estate crisis.

Foreclosure: You have determined your home and your ownership position are not candidates for Short Sale and you are unable to maintain the mortgage payments. This is distressing news and is a challenge many have faced in our nation. While it is an experience that few homeowners considered possible just a few short years ago it's an event and an experience that will pass. This is a good time to conduct financial planning going forward. We recommend that you don't go it alone. There are more resources available to guide homeowners through recovery from foreclosure than ever before. Take advantage of family, financial planning and church support available to assist you through this challenging time. Use this experience as an opportunity to learn and grow. As challenging as this is anticipate better days ahead.

Next time we will discuss: Pricing It Right for Successful Selling In A Buyer's Market, Paradise CA Homes For Sale

This information is provided by your Realtor, and is not a substitute for the advice of your legal or tax adviser. This information is provided as an example of the types of evaluations that are helpful, to Buyers and Sellers, when considering real estate transactions.

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