With the economy in the state it's in and home prices plunging throughout the United States, many more people have found that the equity in their home no longer exists. Without that equity, some lenders will not allow you to refinance. Job losses continue to be in the news and with that, people are finding it hard to stay up to date on their mortgage. The loan modification program didn't turn out how it was designed to work and now people are running out of options.
There are rumors of another big wave of foreclosures will hit our areas soon, you don't have to be one of them. If you are upside down on your mortgage, you can contact a REALTOR in your area, who is Short sale certified to assist you.
A short sale is a sale of your home which the sale proceeds fall short of the balance owed on the home loan. The lender can decide to let you sell the home at a moderate loss instead of defaulting. In some states this does not relieve you from any obligation to pay the remaining balance or and tax responsibilities. As I'm a REALTOR and not a CPA, you would need to contact a CPA in your state to give you more clarification and guidance.
A short sale also is easier on your credit score than a foreclosure.
I know it's difficult to look and ask for help in trying times but if you are upside down on your mortgage or know a person that can use our help, have them contact their local REALTOR. If you don't know a REALTOR in your area I would be happy to have one contact you.
Your San Antonio REALTOR,
We've been blessed to have a tax credit for first time home buyers and then for move up buyers, but it's coming to an end. there are less than 45 days to take advantage of a great deal, along with historical low interest rates to become a home owner.
Don't wait and wonder in a year from now thinking, where were you when interest rates were an all time low and the government offered a great incentive......
Contact your local Realtor today!
1. Be ready to become a homeowner. Nothing beats being a homeowner and separating yourself from paying someone else's rent to paying on your asset.
2. Find out how much you are comfortable paying on your new home. Never buy more than you feel comfortable with or can afford.
3. Interview a few agents; don't just pick the first one you hear about or referred to. One that may have worked for your "friend or family" may not work for you.
4. Commit to that agent and establish rapport. What that means is "shopping around" and calling all the listing agents doesn't mean you have someone working for you.
5. Follow the advise of the professionals you hire.
6. Make sure you follow the steps, get pre-approved. You want to "shop" in your price range to find what you need.
There are tons and tons of information available for you online, but at the end of the day, a face to face meeting will get you the results and confidence you want and need to make you the "next" homeowner.
All of you pursuing this new venture, "first time home-buyer", "move up buyer," have some fun and I wish you all the best. Interest rates and home prices are incredible right now!! Make your 2010 the year for you!
All the hoopla over the months have been the first time home buyers $8,000 tax credit. Yes, there have been some roadblocks and some criteria to follow, but have you made the effort, did the steps to take advantage of it as a "first time home buyer? If not, you may well be on your way of being too late to take advantage of a fantastic program.
Fear not, if you didn't, all is not lost, here's why. Even though you may have decided to become a home owner now, you are still at an advantage.... home prices are at an all time low (depending on the market and where you are) and interest rates are so good right now it's unbelievable, don't believe me, ask your parents and/or older relatives what were the rates when they were your age?
One of the "few" ways the real estate market mirrors the stock market is, you just never know when the bottom has hit, you can't predict the unpredictable. Do not wait for the bottom because, you will miss the bottom and see the up-rise before you realize it even happened.
Now is a great time to buy a home for you, and/or move up to a bigger, better home. If you look around, even in a buyer's market, the best homes, price right, are bought quick, and what are you left with..... you want a "carpet allowance, sold as is, paint allowance? I don't! Find that home, that's in great shape and make a "smart offer". Just think, act now and you can be hosting the family Thanksgiving or Christmas in your new home.
Just my 2 cents from your San Antonio REALTOR.
With the state of affairs and the markets, Topsy turvey attitude, now's a troubling but thought provoking time. You have to make the decision.....are my financing and state of affairs in place? Have I been "floating along" making minimum payments and just going with the flow? And now you find it's the time to buy, and sell actually!!
The stock market has made a many people realize that the "get rich" scheme can come to a halt too fast for anyone's liking. And now, your home's lost this "ghost" equity!!! What is going on?? (if you bought the home 2 years ago....)
The great thing about the housing market is, it always stabilizes after an exaggerated bubble. What's an exaggerated bubble? Well when the market climbs all things climb with it. Because, and thank God, the housing industry is not regulated by the stock market, when good times go with stocks, the housing market reciprocates from it. When the market takes a plunge....housing drops, but it doesn't die.
Interest rates drop, inventory grows and all that couldn't buy in the past can....... That's the way it works. You have to survive the downs, in order to benefit from the ups. If you listen to the news, no one has equity in their homes and can never sale! I beg to differ. www.fabailey.comfind out what your market is doing, here in Bexar and Guadalupe county, I bet you will be shocked, that we are bucking the news trend.
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I'm your retired veteran, your full time REALTOR©. I make your home buying or selling as stress free as possible. I service the Guadalupe, Bexar, Comal, and Wilson counties.
Real estate is an ever changing industry. What you need is someone to offer you their full time service to suit your needs and goals. As your REALTOR, I strive to make certain that our working relationship provides you with knowledge, loyalty, and a pledge to ensure that you are in the best hands! I specialize and service the Northeast, North and Northwest areas of San Antonio, in particular the Schertz, Cibolo, Shavano Park, Stone Oak Lavernia, Marion, Universal city, Converse, Selma, and Seguin and more! If you're not sure if I'm in your area of interest, just give me a call or email and we'll make it happen! "I don't know" is not in my vocabulary, I will find you an answer! No message, note, or email will go unanswered. No phone call/voicemail will go unreturned; my dedication is based on how I would like to be treated! If I can bring satisfaction, fulfillment, and positive results beneficial to you and your interests, and provide you with a professional, confident, and desired result, then I'm on the right track. We work as a team to find or sell your home. I keep you fully informed in the whole process. I make your home buying and selling needs are as stress free as possible. I'm your retired veteran, your full time REALTOR. www.fabailey.com. My success is your satisfaction.
http://www.homeinsight.com/Widget/default.asp?Q0HL4IREUGJ8
I specialize in first time home buyers, and sellers, move up buyers and sellers, investors and every aspect of residential real estate. Period. Through various courses and studying the market, I'm there to with your every need in real estate. Dedicated to work with personnel from military to civilians to retirees. I want to ensure all your needs are taken care of, whether I represent you as a buyer's agent, seller's agent, or intermediary services. I'm passionate about real estate and consider myself a real estate professional! I'm new home sales certified, your Texas affordable home buyer specialist, your accredited buyers rep and a Graduate Real Estate Institute, and your wealth of knowledge on the greatest investment you may make. I have over 20 years of human resource experience that strengthen my services to you; customer service is my way of life!
When my husband and I relocated to Texas, we were looking for a home to settle in. Frank took the time to work with my husband after hours, actually all hours to find the perfect home for us. I was still out of state, and Frank went above and beyond his call of duty to explain the process and foward all paperwork to me to sign. He was available to me on my schedule, not his. He walked us not only thru the process, but found us a better deal to fund our loan. Frank really cares about about his clients, and treats them just like family. If you are looking for an honest and straight forward person to sell or buy your home, then Frank Bailey is your man.
Last year my family and I relocated from Shreveport, LA to the San Antonio area. We found Frank via a home that he had listed online. For a month or so Frank and I communicated back and forth via email and text messages before we ever met in person. Frank is EXTREMELY responsive. I'd email Frank questions and he get back with me in less 30 mins.
On short notice I emailed Frank and told him my wife and I would be making a trip to San Antonio and asked if he could show us the area and a few homes. Frank jumped on it! The deal was, my wife and I picked 5 homes we wanted to look at and he picked the last one. He picked us up early that next morning and began showing us homes. When it was time for him to show us his pick he smiled. His pick was exactly what we wanted (right area, right home, right price) and purchased.
Frank has gone above and beyond for us on numerous occasions and I thoroughly enjoyed working with Frank and I would recommend Frank to anyone who is looking for a hard-working, responsive, and honest realtor.
Thank You Frank,
The Davison Family"
Hello, Hope all is well. We just wanted to say thank you for everything. Being so new to this home buying experience was pretty scary for us, but you made it a great one. So 'again we just wanted to say "Thank you SO SO SO much."
Melody, Jeremy & Jeremiah
I contacted Mr. Frank Bailey a while back as I am going to relocate from Puerto Rico to the Texas area by this coming summer. Mr. Bailey immediately emailed me listings of homes that met my criteria he never overlooked not even one detail of what I was asking for. Frank not even once was pushy with me. He touched base with me very often and gave me a lot of useful information about home buying and the area that I am looking at ( as i do not know anything of the area)
Frank has GREAT customer service and he makes it easy to ask any question or concern you may have.
It really feels like you are talking to a friend instead of a realtor. I emailed him quite often and always get a reply by the following day if not the same day, or many times I send him an email and while I am online I receive his response immediately. I strongly recommend any one looking for a realtor to contact Frank Baileys you will NOT regret it ........
I rate Frank 5 STARS!
Mr. Frank Bailey went above and beyond in helping us before, during and after purchasing our home. He was precise and followed up on every detail. He did an excellent job! I highly recommend Mr. Frank Bailey as your Realtor.
Patricia A Hamilton
Dear Mr. Gluckman,
I am writing to tell you about the amazing service provided by Mr. Frank Bailey.
In May of this year I accepted a new position in San Antonio. This may not seem like a big deal or move to most people; however, at the time I was living in Korea! I found Mr. Bailey through the TRULIA website. I browsed his site and found it answered most of my questions. Additionally, his site was user friendly for DOD employees. That told me he understood what I would encounter as I made a move from overseas.
I contacted him as well as approximately four other agents who had listings on TRULIA. Frank answered my inquiry in a matter of hours. (this is saying a lot with a 13 hour time difference) One or two of other agents answered inquiries but it took days, so I figured I would not be important to them so I dropped all communication. On the other hand, Frank answered all my questions, took all my specifications about what I was looking for and started finding listings that I could review. The amazing part........it did not matter what time of day I e-mailed from Korea, Frank seem to answer! At one point I had to ask him if he ever slept.
I started out thinking I would be renting a home, only natural I had never owned a home. That whole paradigm shifted, Frank arranged for me to contact a loan officer and I was pre-approved for my first home loan. I had a specific builder in mind and type of house. Frank listened patiently and put all the requests together. As the time arrived for me to move to San Antonio Frank stayed in touch and reminded me of the important things to look for when purchasing a home.
I arrived in San Antonio on 27 June. Frank and I were looking at homes the next morning. Based on our conversations he had lined up showing with four builders, including the one I had mentioned. On that one day we went to four builders locations and looked at 10 homes and I found the one I really liked! In fact, it was a home by another builder! He helped through all phases of the purchase right through closing! In fact even after I closed and could not get off work to go to the city office to transfer the name of house he went in my stead to the City of Cibolo administrative offices and took care of the paper work for me!
My profession incorporates measuring and critiquing customer service, Frank exemplifies superior "world class" service! His attention to detail, finely honed ability to listen to the customer and match their needs to available homes epitomizes the skills of a true professional. I will gladly refer his name to anyone looking for a Realtor who will work for the client and go the extra mile!
Sincerely
Charlotte Hogan
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