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I can hear you now, "Oh, no! Not another article on curb appeal to sell my Plainsboro NJ home!" To which I reply, "Oh, yes." One more time around the block, but this time, we're doing it in style.
The 21st Century Curb
Curb appeal is that thing you do to pretty up the outside of your Plainsboro NJ home. It's the landscaping, the painting and the checking of the little details. However, many home sellers (and real estate agents, for that matter), don't take into account that the curb nowadays isn't just the view from the front of your house. In the 21st century, the "curb" starts right here on the Net.
Your online home listing has only three seconds - three short moments of time - to catch a potential buyer's eye and turn them into an interested party. Unfortunately, it's hard not to be biased or become used to the problems and eyesores your home may have. Because first impressions are so crucial and the housing market is glutted with competition, you have to bring it up a notch to get your home sold. read more http://www.freddiemoorer.com/plainsboro-homes/id30.html
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What goes in a Short Sale Package? First of all every lender has their standard requirements. The Majority of them will ask for the following below but it doesn't mean you can't give them more then what they ask for.
In a typical short sale all you need is:
Third party Authorization
Listing Agreement
Sales Contract
Pre-Approval
Hud-1
2 Year Tax
1 Month Bank Statements
1 Month Pay Stubs
When it comes to an investor package, you should do a little extra work and give them always more then what they ask for. The objective is to get the property for a steal. So put whatever it is neccessary to explain to the lender why they should let you pick it up so cheap.
Write me a testimonial once you get paid! I look forward to seeing you at one of our Free Classes!
www.TheInvestorsAcademy.com
Nick Tang
The Real Estate Coach
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Here's what I'm thinking: the following sales statistics for the town my office is located in (Plainsboro, NJ) look very encouraging. You can see that the 'months of inventory' show that at the current rate, we have only 5 months worth of home inventory. That is about as good as you can expect in all but the most overheated markets. Average days on the market are also very reasonable and actually show a more favorable trend this month over last month. And just look at the number of pending sales this month (19) versus the number of units listed (25). That is great news for the market here in general.
However, many buyers are still reading the newspapers and listening to the TV news and think that we are in the same boat as whoever the newsmen are talking about. Yes, prices are generally lower than in the past few years, interest rates are favorable and we may very well have hit bottom (probably late last year?) So, I've said it before and I really believe that buyers who buy this year in Central Jersey will look back in a few years and say "wow, we were the lucky ones. We really timed it right."
Monthly Statistics for the Date Range Selected
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Date |
Units Listed |
Listed Volume |
Listed Average |
Pended |
Units Sold |
Sold Volume |
Sold Average |
Average DOM |
|
June 2008 |
25 |
13,972,088 |
558,883 |
19 |
11 |
4,138,690 |
376,244 |
51 |
|
May 2008 |
41 |
16,995,951 |
414,535 |
24 |
16 |
4,979,435 |
311,214 |
146 |
|
Apr 2008 |
35 |
17,170,564 |
490,587 |
20 |
21 |
10,413,200 |
495,866 |
78 |
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Totals: |
101 |
48,138,603 |
476,619 |
63 |
48 |
19,531,325 |
406,902 |
94 |
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Inventory Accumulation for the Last 12 Full Months
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Current Inventory * |
Inventory Volume |
Current Average |
Average Monthly Sales** |
Inventory Accumulation *** |
|
115 |
50,881,236 |
442,445 |
20 |
5 |
*Current Inventory is based on the actual available properties on the date this report was created.
**Average Monthly Sales is the average sales for the last 12 full months
***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales Inventory Accumulation figures are only calculated when Report End Month is the current month
© Copyright 2008 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 6/20/2008 4:07:28 PM
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