Category Archives: Short Sales on Lake Nacimiento

Tips for Buying a Lake Nacimiento Area Short Sale!

If you’ve been shopping Lake Nacimiento real estate recently and have been weighing the pros and cons of short sales and bank-owned properties versus traditional sales, you may find the following pointers helpful! As a longtime Lake Nacimiento real estate agent that also specializes in area short sales and bank-owned properties, I can assure you that you are not alone in having questions. I have worked with many different buyers and sellers in various real estate situations and, if you’re one of the many shopping homes on Lake Nacimiento and curious if a short sale property may be right for you, I encourage you to contact me. Here is a basic overview and a few tips to keep in mind, should you decide to explore a short sale property as a potential purchase:

What is a short sale? To be specific, a short sale is when a homeowner sells their Lake Nacimiento real estate for less than the balance owed on their mortgage loan. The lending institution will agree to pay off all or a portion of the remaining loan balance with the proceeds from the short sale.

Research Properties. Team up with a knowledgeable Lake Nacimiento real estate agent and begin exploring available short sales and bank-owned homes. There can be potential to make a tidy profit after purchasing a short sale, but this all depends on many factors! From the condition of the property to how long you plan to own it, these things can affect its value. Since the property is being sold at a lower price, there is always the possibility to make a profit – But solid research into each home will make a world of difference.

Explore Financing and Build Your Offer. Typically, this is where properties with banks involved differ from traditional sales. It is always recommended to have a professional Lake Nacimiento real estate agent at your side to help in navigating the sometimes-confusing paperwork and application process. Do your part to get pre-approved and decide on a financing route prior to drafting your offer to further ensure a smooth transaction. Organizing all required paperwork and meeting each deadline can seem tedious, but will certainly be worth it in the long run once the keys are in your hand!

Oak Shores Realty can assist you with all of your Lake Nacimiento real estate needs. We are always available to answer questions and help past, current and future clients with buying, selling and everything in between!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Sell Your Underwater Lake Nacimiento Real Estate This Year!

If you or someone you know is struggling underwater on their mortgage, this year may be a great time to sell your Lake Nacimiento real estate. Nationwide, home prices have been steadily ticking upwards with several markets nearing 2006 prices. Let’s work together and get the most out of your home so you can sell without stress. An increase in home prices, as seen with many of the homes on Lake Nacimiento, gives equity back to homeowners who found themselves underwater during the housing crash. With inventories, location and fewer distressed properties being introduced to the market all in your favor, 2014 will be an excellent time to team up with a knowledgeable Lake Nacimiento real estate agent and get your property sold.

My report, titled “Underwater Homes Reach the Surface“, goes into greater detail while explaining what market forces are driving home prices back up again. If you’ve been anxiously awaiting the right opportunity to sell your home, now is the time to jump on it. Do you know exactly how much your Lake Nacimiento real estate is worth? Chances are, it may be more than you think and I can help you discover how much your home is worth and help you sell it quickly and fairly. Please visit Oak Shores Realty’s website and download our free report. Should you have any questions or be interested in learning more, contact me today. We will work together in your best interest on all of your real estate needs.

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Avoid Foreclosure on Your Lake Nacimiento Real Estate!

handshakeAs a longtime Lake Nacimiento real estate agent, I have helped many homeowners facing foreclosure with their unique real estate situations. Oftentimes the first instinct is to panic and spiral into stress, but what most don’t realize is that banks want to work out a solution with you! They are much more apt to come to a mutually agreeable solution with a homeowner facing foreclosure than drag proceedings out for months or even years. By teaming up with a knowledgeable and experienced Lake Nacimiento real estate agent, we can work together to delve into your situation and decide on the best and least harmful courses of action. Whether you’re struggling to keep up with the payments on one of the homes on Lake Nacimiento or in the Oak Shores or Heritage Ranch communities, the important thing to bear in mind is that there are options and solutions available to you.

You don’t have to balance the stress and struggle of making ends meet and meeting your monthly mortgage payment on your Lake Nacimiento real estate. To better understand your options, I encourage readers to visit our website and download a free copy of the report titled “Your Mortgage Does Not Have to be A Monster”. Once you have a moment to peruse the report, please contact me directly for a free and confidential consultation.

Together, I am confident that we will be able to review the various options available to you and come up with a plan of action for your Lake Nacimiento real estate. Your mortgage does NOT have to be a constant source of stress and anxiety in your life. Oak Shores Realty has worked with many sellers and buyers in all different types of real estate circumstances, and are the expert in distressed properties, short sales and bank-owned or foreclosure situations.

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

What Is a Short Sale & How to Avoid Foreclosure!

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While the national housing market is projected to continue on its steady road to recovery in 2013, there are still a number of home owners that find themselves struggling.  The economic downturn over the past few years has taken a toll on jobs and the housing market, and homeowners are wondering where to turn.

As a Lake Nacimiento Real Estate agent, I saw a great need to help homeowners struggling to survive the recent tough economic times.  Because of this, I earned my Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales.

What’s a short sale?

A short sale is simply an agreement between you and your lender to sell your home for less than you currently owe on it.  Of course, lenders are not required to agree to a short sale for your home, but the government is strongly encouraging all lenders to do so.  A recent article on HouseLogic.com pointed out some advantages to a short sale for your Oak Shores or Heritage Ranch home on Lake Nacimiento.  This also applies to those who live outside of Lake Nacimiento in San Luis Obispo, the Central Coast and beyond!

1.  You can be a homeowner again more quickly with a short sale in your past than with a foreclosure. Fannie Mae guidelines help you qualify for a new mortgage in as little as two years after a short sale, as opposed to three years or more after a foreclosure.

2.  You will have more time to make relocation plans and save money than with a deed in lieu. A short sale may take four to 12 months. A deed in lieu of foreclosure arrangement typically requires you vacate your home within 30 to 60 days of signing, according to real estate attorney Lance Churchill.

3.  You can help your community’s home values. Because the lender often receives a higher amount of the remaining loan balance than it would from the sale of a home after a foreclosure, short sales help support home values in the Oak Shores and Heritage Ranch communities.

If you are hoping for a short sale, there’s good news!  The Short Sale laws are now extended in California and you have until December 31,2013 to complete your sale.This means that if you have decided to short sell your home and qualify to avoid deficiency and not pay taxes on mortgage forgiven debt associated with a short sale, now would be the time in order to close escrow on a short sale before the end of the year.

If you are concerned about facing foreclosure in your Oak Shores or Heritage Ranch home; I would love the opportunity to talk with you!  There are a number of other options that are available to you and will not be as damaging as going into foreclosure.

A short sale is an excellent option and, as a Certified Distressed Property Expert, I can answer your questions and walk with you through each step of a short sale.  Don’t wait until it’s too late!

Feel free to contact me today to discuss the best options for you and to easily get out from under the burden of an underwater home.

I look forward to talking with you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Financial Help for Your Distressed Lake Nacimiento Home!

As a Lake Nacimiento Real Estate agent, I’m constantly aware of what’s going on in the Lake NacimientoReal Estate market as well as the national housing market.  Because of the economic downturn over the past few years, I saw homeowners struggle through job loss and other financial hardship and knew that I wanted to take action to help them deal with the toll it took owning a Lake Nacimiento home.

To help those facing foreclosure and those dealing with an underwater home (owing more money than the home is worth), I earned a designation as a Certified Distressed Property Expert, and have been able to guide clients to take the best course of action with their Oak Shores or Heritage Ranch home.

Recently, a $25 billion foreclosure settlement was announced in which the federal government and five of the largest mortgage lenders and services will team up to reduce the principle balance on many loans, as well as refinancing loans for many with underwater homes.  The 49 states that are participating (Oklahoma opting out) will receive funds to help consumers and to create new processes to better protect borrowers.

So, what does this mean for you?  If your loan is through Ally Financial (formerly GMAC), Citi, Bank of America, JPMorgan Chase or Wells Fargo, you could be eligible for help from the settlement.  Below are a few of the factors that may qualify you for assistance.

– You’re underwater on your mortgage and delinquent on the payments.

– You’re current on your mortgage payments but have a high-interest loan.

– You lost your home to foreclosure between January 1, 2008, and December 31, 2011.

You took an FHA mortgage from Countrywide.

You’re underwater and you want to sell your home.

– You’re a service member and must sell your home at a loss because of a “permanent change in station” order.

– You’re unemployed.

– You’ve lost your home and need financial help to move.

To view more information on the settlement, visit NationalMortgageSettlement.com.  Your mortgage statement will display which company services your loan, so you can determine if you can move forward with seeing if you qualify for help.

While this settlement can be helpful if you qualify; there are also other ways to deal with your distressed property.  As a Certified Distressed Property Expert, I am here to answer any questions you have.  I know this can be a stressful time, but there are ways to navigate through it and having a Lake Nacimiento Real Estate agent who is experienced with distressed properties can make the process run smoothly.

Please feel free to contact me anytime!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

5 Mistakes to Avoid When Refinancing Your Lake Nacimiento Home!

Earlier this week, I talked about the option of refinancing your underwater home through the government’s Home Affordable Refinance Program (HARP), which has given relief to many homeowners.  As a Lake Nacimiento Real Estate agent, I know that there are those in the Oak Shores and Heritage Ranch communities on Lake Nacimiento who find themselves owing more on their home than it’s current market value.  But there is hope!

Getting my Certified Distressed Property Expert designation has made me even more aware of what it takes to successfully get out from under the weight of a distressed property, and I’ve been able to help many clients do so!  If you are considering refinancing your Oak Shores or Heritage Ranch home due to financial strain or to lock in currently low interest rates, there are a few things you’ll want to be aware of before you begin the refinancing process.  Here are five common mistakes you’ll want to avoid when refinancing your Lake Nacimiento home.

1. Over-estimating the value of the home- Although home prices have fallen over the past few years, homeowners still put high value on their homes.  As a result, they receive higher-than-expected loan offers. Your Lake Nacimiento Real Estate agent will be able to show you what comparable homes in your neighborhood are currently selling for so you can get a better idea of what your home is worth.

2. Hesitating to lock in low rates- Waiting for rates to drop even lower can be the biggest mistake as there’s no promise that rates will remain low.  Take the opportunity now to lock in these historically low rates before it’s too late.

3. Focusing only on interest rates- While interest rates are important, those aren’t the only factors to consider when refinancing your Oak Shores or Heritage Ranch home.  Lender fees, loan terms and even lender reputations will play a role in refinancing.  Using online tools, such as Mortgage Professor to run all the numbers can be useful to determine if financing is even the right choice for you.

4. Overlooking shorter-term loans-  Although the 30-year mortgage loan is the most popular, remember that there are 20 or 15-year mortgages that may be a better option.  These shorter loans can save significant amounts of money since you’ll be reducing the amount of paid interest over time.

5. Not knowing what documents are required to refinance- It’s important to know which documents are needed before you begin to refinance.  For those of you who haven’t taken out a mortgage or refinanced lately, you may be surprised to find there’s more documentation needed than in the past.  Pay stubs, two months of banking and other financial statements, two years of W-2’s are just some of the documents required to refinance.

Being fully prepared to refinance is important!  If you have questions about refinancing your home or are interested in jumping into Lake Nacimiento Real Estate market; please let me know!

I hope to hear from you soon!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Overcoming Your Underwater Home in 2012!

As a Lake Nacimiento Real Estate agent, I deal with a variety of circumstances with buyers and sellers.  I enjoy tackling each situation and helping buyers or sellers achieve their Lake Nacimiento Real Estate goals.

Over the past few years, as the real estate market took a downward turn on the national level, I began seeing sellers who were finding themselves in an underwater home (meaning they owed more on their home than the home was worth).  Given this rising need for help with distressed properties, I pursued getting my Certified Distressed Property Expert designation.  My passion is to help homeowners in Heritage Ranch and Oak Shores avoid foreclosure and I’m happy to say I’ve been able to help homeowners find other options!

Many who found themselves in an underwater home situation sought relief in refinancing their home.  In October of this past year, the government’s Home Affordable Refinance Program (HARP) decidedly loosened their restrictions in order for more homeowners to find help.  In the past, owners whose mortgage exceeded 125% of the home’s value were ineligible for the program, but that restriction has been eliminated.

A few of the additional changes include:

– Elimination of certain risk-based fees for borrowers who refinance into shorter-term mortgages

– Elimination of the need for a new property appraisal when there is a reliable automated valuation model estimate by Fannie Mae or Freddie Mac

– Extension of the program until December 31, 2013 (from June 30, 2012)

Refinancing your home can be a great first step to help lower your monthly mortgage payments.  If you’re interested in HARP, you’ll want to know that in order to qualify your loan does need to be through Fannie Mae or Freddie Mac and you must be current on your mortgage payments.  You can learn more about this program on the Federal Housing Finance Agency’s fact sheet.  http://www.fhfa.gov/webfiles/22721/HARP_release_102411_Final.pdf

If you’ve attempted to refinance and haven’t found relief for your underwater home or don’t qualify for HARP; I would love the opportunity to talk with you!  I know it can be a daunting time and you probably have a lot of questions.  My experience in dealing with distressed properties can help!

Please feel free to contact me anytime!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

How To Stay Clear of Foreclosure in Your Lake Nacimiento Home!

As a Lake Nacimiento Real Estate agent, I am constantly aware of the national housing market as well as how California is fairing and, more specifically, the Lake Nacimiento Real Estate market.  In recent news, The Foreclosure Report gave insight into the increase in foreclosures over the past month in the national average and individual states.

While seeing the market ebb and flow drastically over the past few years is not always what potential buyers or sellers want to know about, I feel that keeping you up to date on the current real estate market is important!  My goal is to make sure you’re fully aware of what’s going on and to let you know how you can best navigate through the current Lake Nacimiento Real Estate market.

Here’s The Foreclosure Reports most recent release of foreclosures in California for August:

Notice of Default filings increased 69.5 percent to the highest level in a year. Notice of Trustee Sale filings were up more moderately, rising 6.0 percent month-over-month, but down 23.6 percent year-over-year. Cancellations were nearly flat, up just 1.9 percent from July. Activity on the courthouse steps increased in August. Properties Sold Back to Bank (REO) increased 12.3 percent from the prior month. Properties Sold to 3rd Parties rose 9.9 percent month-over-month, and 10.8 percent year-over-year. Time to Foreclose increased to 333 days in August, which is 49 days longer than a year ago. 

If you are concerned about facing foreclosure in your Oak Shores or Heritage Ranch home on Lake Nacimiento; I would love the opportunity to talk with you!  There are a number of other options that are available to you and will not be as damaging as going into foreclosure.

A short sale is an excellent option and, as a Certified Distressed Property Expert, I can answer your questions and walk with you through each step of a short sale.  Don’t wait until it’s too late!  Feel free to contact me today to discuss the best options for you and to easily get out from under the burden of an underwater home.

Together we can take the path through the Lake Nacimiento Real Estate market that ensures your future success in the market!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Free Foreclosure Advice for Central California You Don’t Want to Miss!

Foreclosing on a home is not an easy reality to deal with and can come with a wide variety of consequences.  As I mentioned in my last post, as a Lake Nacimiento Real Estate agent, I wanted to be prepared to help my clients in the best way I could and received my Certified Distressed Property Expert designation to be fully prepared to help those in Oak Shores or Heritage Ranch who are facing foreclosure.

While we talked about the option of a short sale last week, there are other options to help you avoid foreclosure.  Below are ten ways that you can steer clear of foreclosure, and taking immediate action will help you before it’s too late!

1. Reinstatement– While being the most simple answer to foreclosure; it is also the most difficult to attain.  This option allows a Lake Nacimiento home owner to contact the mortgage company and request the amount owed to date.  They can then pay off the remaining amount.  You can be reinstated up to a day before the foreclosure sale is finalized and the lender does not have to approve this process.

2. Forbearance or Repayment Plan– This option sets up a payment plan between the homeowner and the mortgage company to pay back the amount owed over a time.  The monthly payment on the Lake Nacimiento home will still be paid each month in addition to a portion of the back payments that are owed.

3. Mortgage Modification
– Modifying the mortgage allows the loan to be reduced in some way.  Whether the interest rate, principle balance, term of the loan or a combination of the three; there is some type of reduction that will take place.  This usually helps in lowering the monthly payment so that the mortgage becomes affordable again to the homeowner.

4. Rent the Property– This can be an especially good option for those living on Lake Nacimiento!  Many people are looking for a great vacation home to rent out during the summer months or on the weekend.  You can talk with your Lake Nacimiento Real Estate agent about the option of renting your home on a permanent basis or renting it out at certain points of the year to help with payments.

5. Deed-in-Lieu of Foreclosure– Lender approval is required for this option that’s referred to as the “friendly foreclosure.”  Homeowners are required to vacate the home, but are able to simply return the property to the lender and avoid going through the foreclosure process.

6. Bankruptcy– This option only works as an answer to foreclosure in some states and circumstances.  If there are non-mortgage debts that the homeowner has that has caused them to miss their payments; bankruptcy may be an option.

7. Refinance– Refinancing could be a great solution to avoid foreclosure.  Doing so can lower the monthly payments if the homeowners has good credit and they have enough equity in their Lake Nacimiento home.

8. Servicemembers Civil Relief Act (military personnel only)– Due to being deployed, some members of the military come under financial distress and so may qualify for the  Servicememebers Civil Relief Act.  This process will go through the an attorney that is qualified to work with service members who need relief.

9. Sell the Property– If you need to sell your home to avoid going into foreclosure; please let me know.  As a Lake Nacimiento Real Estate agent; I have worked for years with buyers and sellers on Lake Nacimiento and know what it takes to get your home sold in an effective and timely manner!

10. Short Sale– As a Certified Distressed Property Expert; I have experience working with homeowners to avoid foreclosure.  I know the ins and outs of conducting a short sale; which has been a viable option for many.  Basically, a short sale involves your Lake Nacimiento Real Estate agent negotiation with the lender to allow the home to go into a short sale.  The agent will verify the homeowner’s hardship that occurred after the purchase and the request for the short sale.  Hardships can include things such as a job loss, divorce, forced or unplanned relation or mortgage payment increase.

Of course I feel that some options are better than others and can help you walk through the process of determining your needs and what would be the most beneficial to you!

I am always available to answer your questions and to provide you with the resources needed to make the most informed decisions.  In fact, if you’re searching for more information on foreclosures, there’s a workshop this coming Sunday, August 28th that you may want to attend!  Below are the details.

Foreclosure Workshop
Monterey County Office of the Agricultural Commissioner
1428 Abbott St, Salinas

Sunday, August 28th

1pm-5pm

– Assemblymember Luis A. Alejo invites you to attend the Central Coast Foreclosure Workshop to get free information about pre and post foreclosure options.  You’ll learn about foreclosure options for homeowners, tax-consequences of foreclosure, free and low-cost resources for homeowners, reporting fraud and avoiding “rescue” scams, finding resources for HUD- certified housing counseling, debt and credit counseling, bankruptcy, and emotional support.

This will be a helpful workshop you won’t want to miss!  If you have more questions or would like to learn about your options; please feel free to contact me today!

 
Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

7 Short Sale Mistakes You’ll Want to Avoid!

Short sales seem to be flooding the market the past few years as our nation has dealt the best they could given our economic state.  If you need to sell your underwater Lake Nacimiento home, a short sale is a great option.  While you may feel discouraged that you won’t get the return on investment that you might in a regular sale, pursuing a short sale is far better than having to go into foreclosure.  Taking action now will help ensure you get your Oak Shores or Heritage Ranch home sold before it’s too late!

As a Lake Nacimiento Real Estate agent for over twenty years, I’ve seen a wide range of homes that need to be sold as quickly as possible.  I know the Lake Nacimiento Real Estate market inside and out, and when the market took a turn, I knew that I needed to take action in order to provide my clients with the best service possible.

I became a Certified Distressed Property Expert to help those whose homes were underwater or those facing the possibility of foreclosure.  No one should have to go into foreclosure and face the hardship that greatly affects your credit when it can be avoided!  If you are thinking about a short sale, there are seven short sale mistakes that you’ll want to avoid.

Mistake #1: Pricing your Home Incorrectly–  Overpricing a short sale in a buyers market will result in your Lake Nacimiento home sitting on the market for a long time.  Pricing a short sale is not just about appealing to buyers, but also to the short sale bank, the buyers agent and the buyers lender.  A well priced short sale will sell quickly.

Mistake #2: Hiring an Inexperienced Listing Agent–  You’ll want to choose a Lake Nacimiento Real Estate agent who has experience in dealing with short sales.  As a Certified Distressed Property Expert, I can give you a clear understanding of what to expect and help you throughout the entire process.

Mistake #3: Bad Marketing– This goes along with making sure to hire a Lake Nacimiento Real Estate agent who has an extensive marketing plan.  Your home should undergo the same type of marketing that a regular home would have, so be sure to ask any potential Lake Nacimiento Real Estate agent about how they will market your home.

Mistake #4: Showing Restrictions– As the seller, you want to make sure that your home is available for people to view as much as possible.  The more you limit the times that your home can be shown, the more you limit the amount of potential buyers who will view your home.  Flexibility with your schedule is key!

Mistake #5: No Photographs– Again, this correlates with your Lake Nacimiento Real Estate agent.  Your agent should set up a time to come and photograph your home.  This way, they can adequately market your home and give buyers a feel for what makes your home unique.  Homes that only have a few photographs may cause buyers to skip by the home online and focus on the homes that have more pictures.

Mistake #6: Poor Property Condition– Even though you won’t be making any money on your home, making sure your home is in good condition is still vital in getting your home sold.  Sometime sellers can take on an attitude of not caring, but in order to get out from under the financial burden of your home; you’ll need to keep your home well maintained and make sure it’s attractive to buyers.

Mistake #7: Uncooperative Sellers– As a seller of a short sale, you’ll need to be ready to do more paperwork than usual.  Of course, no one loves to go through tons of paperwork, but being willing to work with your Lake Nacimiento Real Estate agent and comply with the steps that need to be taken will help get your home sold quickly.

Going forward with a short sale can be a very positive process as you walk away from a financial burden and focus on getting things back in order to be able to buy again in the future.  If you have any questions about short sales or are ready to take the next step in putting your Lake Nacimiento home on the market as a short sale, please let me know!

I will be your trusted resource and guide throughout the entire short sale process.  I look forward to working with you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!