Real Estate Group 316

Hi, today we are going to talk about an article that we read recently. I want to give you a heads up. There was an article in the newspaper recently that actually has some good things to say and hits the market right on the nose. Recently he was talking about the new process for short sales. The exciting thing is that if you have a Freddie Mae or a Fannie Mae investor loan that means it is owned by Freddie and Fannie. Now that’s not an FHA or a VA but if you have a conventional loan that is owned by those two investors they have new processes.

They are saying that were going to get an answer in 30 days and then it goes on to say there will be a final decision within 60 days. I’ll be honest with you actually we are seeing quite a few lenders really pick up the pace on short sales and really get them turned around.

If you have a loan that is an investor loan, by Fannie and Freddie, please give us a call if you need to do a short sale. We’d be glad to get them done. We have a very high percentage rate to getting our short sales completed and closed. I’d say we are about 96% and I would take our percentage against any other short sale agent in the area. I believe we are the best at getting short sales closed.

Again, we are Columbus’s number one short sale team and we are here to help. We are with Keller Williams and Real Estate Group 3:16. If you have any questions about short sales or if you need to do a short sale, remember the debt relief act is going to end December 31st and we aren’t hearing anything else about it being extended right now. So if you are hoping to be able to do a short sale on your owner occupied property give us a call today. Thanks a lot for joining us and have a great day.

Hi, I’m Kimberly Sherrod with Real Estate Group 3:16 and Keller Williams. We are your Columbus’s short sale specialists. I would like to talk about our Columbus area market and that would include our suburban areas. One of the reports came out in our local newspaper and it’s talking about the market improving in our area. We are seeing that, we are seeing more signs of buyers out there and buying homes but we are seeing an increase in listings too.

So basically if you are a home seller and you are underwater on your mortgage, what does that mean? Basically we do have more buyers in the market which is a good sign. We need buyers to buy up the excess properties out there due to foreclosures and short sales. The other thing is prices have increased. In March, over the last year about 6.1% which is good it means maybe our prices are starting to maybe climb out of the gutter a little bit. What that means for us here at the real estate group is this is that those people who are still underwater on your mortgages, it really isn’t helping a lot because even though prices have increased by 6%, the overall price increase is still down. It is actually still a negative to where right before the market, the bubble burst and the market went down, we are still underwater on those prices.

If you are a homeowner and you need to sell your home, we are still underwater unfortunately. If you need to do a short sale we encourage you to check out our SOS website, should I sell or should I stay? If you go to www.SOSREG316.com, there is a calculator on that website that will help you determine if you are underwater, how long it will take you to break even, how long it will take you to make a profit on your home and in today’s market.

Once again, I’m Kimberly Sherrod with Real Estate Group 3:16, your Columbus short sale specialists and we’re here to help. If you have any questions, you can check us out on our regular website which is www.realestategroup316.com. We look forward to hearing from you soon. Thanks a lot and have a great day.