Es ahora el momento de vender mi casa a traves de un “short sale”?

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Usted puede ser uno de muchos propietarios de viviendas en todo el país que ha comprado Cómo yo puedo vender mi casa en Short Saleuna vivienda en los últimos cinco años y ahora se está haciendo esta pregunta: “¿Es ahora el momento de vender mi casa en “short sale”?Ultimamente los informes de noticias sobre el mercado de bienes raíces han estado indicando que las ventas de viviendas y los precios están incrementando. Ahora que los bancos han frenado el proceso de ejecución hipotecaria, actualmente estamos viendo los niveles de inventario de las viviendas familiares disminuir en todo el país. Junto con la reducción de la industria de construcción de viviendas en los últimos años, parece que el mercado de reventa de casas está ganando terreno en la mayor parte del país.

¿Qué significa esto para el dueño de la casa que ha estado luchando por mantener el pago de la hipoteca en una vivienda que pueda o no recuperar su valor original? Con la falta de inventario y las tasas hipotecarias aún por debajo del 4%, hay una cantidad más grande de compradores deseosos de adquirir una vivienda propia. Muchos de estos compradores han sufrido el crecimiento de la tasa del mercado de alquiler y ahora tienen la oportunidad de ahorrar dinero mensualmente siendo dueños en vez de rentar. Uno de los factores clave que está jugando un papel muy importante en la decisión de compra de vivienda de la mayoría de los compradores de hoy en día, son los programas estatales y locales de ayuda con el pago inicial disponibles para los compradores de vivienda por primera vez, y aun hasta para compradores por segunda vez.

Con la temporada de ventas sobre nosotros, que sigue “calentándose” a medida que nos acercamos a los meses del verano, ahora es el momento de preparar su casa para el mercado. Muchos agentes de bienes raíces de todo el país, están señalando que a las pocas horas de listar una propiedad en el mercado, están recibiendo múltiples ofertas que están permitiendo que el vendedor reciba un precio mayor que el precio de venta. Esto es algo bueno para el vendedor que desee vender su casa a través de un “short sale”, porque el titular de la hipoteca tiene ahora la oportunidad de recuperar un poco más por la propiedad de lo que se esperaba. Los bancos hipotecarios están motivados para permitir una venta de short sale en vez de permitir la ejecución hipotecaria y están ofreciendo programas como “Cash for Keys” (dinero por las llaves), que permite al vendedor recibir un reembolso monetario por un monto de $ 2.000 hasta $ 30.000 en algunos casos.

Cómo yo puedo vender mi casa en Short Sale?

El primer paso para determinar si usted califica para una venta corta (short sale), es determinar cuánto vale su casa en el mercado actual. Esto se puede hacer poniéndose en contacto con un agente de bienes raíces, Realtor®, para un análisis comparativo de mercado gratis, o contratar a un tasador certificado de viviendas. Una vez que haya determinado que usted debe más por su vivienda de lo que vale, usted necesitará un negociador profesional para trabajar directamente con su prestamista hipotecario para obtener una aprobación de venta corta que ahora puede tomar tan poco como 60 días, si usted tiene un comprador calificado que ha colocado un contrato para comprar su propiedad.

Cosas importantes que debe saber antes de la venta corta de su casa.

Durante la negociación de la venta corta de su casa, asegúrese de confirmar con el prestamista (el banco que financió inicialmente la compra de su casa), si usted será responsable de la deficiencia de la hipoteca, especialmente si hay dos titulares de derecho de retención de su propiedad. Es posible que usted podría ser responsable de la parte de la deuda hipotecaria que no se arregle con su banco. Otra cosa muy importante a tener en cuenta es que usted podría ser responsable de pagar impuestos sobre la renta en una o todas las deficiencias hipotecarias que le hayan perdonado. El IRS promulgó la Ley de Alivio de la Deuda Hipotecaria del 2007, que generalmente permite a los contribuyentes excluir los ingresos de la descarga de la deuda de su residencia principal. Deudas reducidas a través de la reestructuración de la hipoteca, así como la deuda hipotecaria perdonada en el marco de una ejecución hipotecaria, califica para el alivio. Esta ley fue extendida hasta el 2013, así que si usted está pensando en hacer una venta corta de su casa, hágalo antes de que finalice el año.

Después exitosamente obtener una venta corta de su casa, ¿qué será lo próximo para mí?

Desgraciadamente, se verá obligado a alquilar por los próximos dos años, debido a que ahora los prestamistas hipotecarios están exigiendo un período de espera de dos años antes de que financien la compra de su próxima casa. Puede ser difícil para algunos, ya que se han acostumbrado a tener su casa propia. Tomarse el tiempo para poner su crédito y sus finanzas en orden puede ahorrarle miles de dólares para cuando usted esté listo para comprar su próxima casa. Usted se estará preguntando, “¿Cómo es esto posible?”

Durante la explosión de la vivienda de 2003 a 2007 las tasas de interés oscilaba entre el 6% por encima del 12%, debido a que los préstamos de alto riesgo causaron que los pagos mensuales de la hipoteca fueran ridículamente altos en comparación con las tasas actuales de 3.75% en préstamos FHA y VA. En el momento en que esté listo para comprar su próxima casa, los analistas predicen que las tasas seguirán siendo más bajas que durante el boom inmobiliario. Además, el valor de las viviendas en algunas zonas siguen siendo un 50% inferior a los valores del 2005, lo que significa que la compra de su próxima casa puede ser un negocio mejor que la venta corta que haya hecho.

Llame hoy! (877) 239-3555

Llame hoy!
(877) 239-3555

Milly Kammerdiener es una Broker de Bienes Raíces y propietaria de Newhomeprograms.com, una empresa nacional de Bienes Raíces operando en Texas y Florida. Su Compañía ha estado ayudando a los compradores y vendedores de viviendas desde 2010, con énfasis en la restauración de crédito a través de su Programa Gratis de Mejoramiento del Crédito. Para una consulta gratis, por favor póngase en contacto con la oficina local de Newhomeprograms.com más cercana.

Is now the time to Short Sale my home?

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You may be one of many homeowners across the nation who has purchased a home Short Sale Real Estate Sign and House.within the last five years and now asking yourself this very question, “Is now the time to short sale my home?”. Lately every news report concerning the real estate market has indicated that home sales and prices are on the rise. Now that banks have slowed the foreclosure process, we are currently seeing single family inventory levels decrease across the nation. Coupled with the downsizing of the home building industry over the recent years it seems that the resale market is now gaining ground in most areas across the country.

What does this mean to the home owner who has struggled to keep up the mortgage payment on a home that may or may not ever regain its original value? With the lack of inventory and low mortgage rates still under 4%, there is a greater pool of home buyers eager to purchase a home of their own. Many of these buyers have suffered the high rate of increase in the rental market and now have an opportunity to save money monthly by owning versus renting. One of the key factors that is playing a very important part in the home buying decision of most  buyers today are state and local down payment assistance programs available to first time and even second time home buyers.

With the selling season upon us and continuing to heat up as we move in to the summer months, now is the time to prepare your home for the market. Many listing agents across the country are stating that within hours of listing properties they are receiving multiple offers which are allowing the seller to receive a price more than the asking price. This is a good thing for the seller who wishes to short sale their home because the mortgage holder now has an opportunity to recoup a little more for the property than originally expected. Mortgage banks are now motivated to allow a short sale versus foreclosure proceedings and are offering programs such as “Cash for Keys” which enables the seller to receive a monetary stipend in an amount of $2,000 up to $30,000 in some cases.

How can I Short Sale my home?

The first step in determining if you qualify for a short sale is determining how much your home is worth in today’s market. This can be done by contacting a Realtor® for a free comparative market analysis or hiring a certified home appraiser. Once you have determined that you owe more on your home than it’s worth, you will need a professional negotiator to work directly with your mortgage lender  to get a short sale approval which can now take as little as 60 days if you have a qualified purchaser who has placed a purchase contract on your property.

Important things to know before you short sale your home.

During the short sale negotiating of your home, be sure to confirm if the lender will hold you responsible for the deficiency of the mortgage especially if there are two lien holders of the property. It is possible that you could be liable for the portion of the mortgage debt which was not settled with your bank. Another very important thing to consider is that you could be liable to pay income taxes on any or all the forgiven mortgage deficiency. The IRS enacted the Mortgage Debt Relief Act of 2007 which generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This law was extended through 2013, so if you are thinking about short selling your home, do it before the end of the year.

After successfully short selling my home, what’s next for me?

Unfortunately you are now forced to rent for the next two years as mortgage lenders are now requiring a two-year waiting period before they will finance your next home purchase. It can be a difficult for some as they have been accustomed to home ownership. Taking the time to get your credit and finances in order may save you thousands of dollars when you are ready to buy your next home. You may be wondering, “How is this possible?”

During the housing explosion of 2003 to 2007 interest rates ranged from 6% to above 12% due to sub-prime lending causing monthly mortgage payments to be ridiculously high compared to today’s rates of 3.75% on FHA and VA loans. By the time you are ready to buy your next home, analyst are predicting that rates will still be lower than they were during the housing boom. Also home values in some areas are still 50% lower than 2005 values which mean your next home purchase may be a better bargain than the home you short sold.

Contact our office today! (888) 907-3334

Contact Us Today! (888) 907-3334

Cory & Milly Kammerdiener are  Real Estate Brokers and owners of Newhomeprograms.com LLC a national real estate company operating in Texas and Florida. Newhomeprograms.com has assisted home buyers and sellers since 2010 with an emphasis on credit restoration through their free Credit Enhancement Program. For a free consultation, please contact a local Newhomeprograms.com office nearest you.

Is now the time to Short Sale my home?

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Is now the time to Short Sale my home?

You may be one of many homeowners across the nation who has purchased a home Short Sale My Homewithin the last five years and now asking yourself this very question, “Is now the time to short sale my home?”. Lately every news report concerning the real estate market has been indicating that home sales and prices are on the rise. Now that banks have slowed the foreclosure process, we are currently seeing single family inventory levels decrease across the nation. Coupled with the downsizing of the home building industry over the recent years it seems that the resale market is now gaining ground in most areas across the country.

What does this mean to the home owner who has struggled to keep up the mortgage payment on a home that may or may not ever regain its original value? With the lack of inventory and low mortgage rates still under 4%, there is a greater pool of home buyers eager to purchase a home of their own. Many of these buyers have suffered the high rate of increase in the rental market and now have an opportunity to save money monthly by owning versus renting. One of the key factors that is playing a very important part in the home buying decision of most  buyers today are state and local down payment assistance programs available to first time and even second time home buyers.

With the selling season upon us and continuing to heat up as we move in to the summer months, now is the time to prepare your home for the market. Many listing agents across the country are stating that within hours of listing properties they are receiving multiple offers which are allowing the seller to receive a price more than the asking price. This is a good thing for the seller who wishes to short sale their home because the mortgage holder now has an opportunity to recoup a little more for the property than originally expected. Mortgage banks are now motivated to allow a short sale versus foreclosure proceedings and are offering programs such as “Cash for Keys” which enables the seller to receive a monetary stipend in an amount of $2,000 up to $30,000 in some cases.

How can I Short Sale my home?

The first step in determining if you qualify for a short sale is determining how much your home is worth in today’s market. This can be done by contacting a Realtor® for a free comparative market analysis or hiring a certified home appraiser. Once you have determined that you owe more on your home than it’s worth, you will need a professional negotiator to work directly with your mortgage lender  to obtain a short sale approval which can now take as little as 60 days if you have a qualified purchaser who has placed a purchase contract on your property.

Important things to know before you short sale your home.

During the short sale negotiating of your home, be sure to confirm if the lender will hold you responsible for the deficiency of the mortgage especially if there are two lien holders of the property. It is possible that you could be liable for the portion of the mortgage debt which was not settled with your bank. Another very important thing to consider is that you could be liable to pay income taxes on any or all the forgiven mortgage deficiency. The IRS enacted the Mortgage Debt Relief Act of 2007 which generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This law was extended through 2013, so if you are thinking about short selling your home, do it before the end of the year.

After successfully short selling my home, what’s next for me?

Unfortunately you are now forced to rent for the next two years as mortgage lenders are now requiring a two-year waiting period before they will finance your next home purchase. It can be a difficult for some as they have been accustomed to home ownership. Taking the time to get your credit and finances in order may save you thousands of dollars when you are ready to buy your next home. You may be wondering, “How is this possible?”

During the housing explosion of 2003 to 2007 interest rates ranged from 6% to above 12% due to sub-prime lending causing monthly mortgage payments to be ridiculously high compared to today’s rates of 3.75% on FHA and VA loans. By the time you are ready to buy your next home, analyst are predicting that rates will still be lower than they were during the housing boom. Also home values in some areas are still 50% lower than 2005 values which mean your next home purchase may be a better bargain than the home you short sold.

Call our office today at (888) 907-3334

Call our office today  (888) 907-3334

Cory & Milly Kammerdiener are Real Estate Brokers and owners of Newhomeprograms.com a national real estate company operating in Texas and Florida. Their firm has assisted home buyers and sellers since 2010 with an emphasis on credit restoration through their free Credit Enhancement Program. For a free consultation, please contact a local Newhomeprograms.com office nearest you.

5 Real estate market trends in Texas – Go with the flow for profit

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You can never expect the real estate market in Texas to follow a trend for long. The ever changing economies make the market condition even more unpredictable. So if you’re planning to invest in real estate, then it’s advisable to take the right action when the market is right. If you’re a resident of Texas, then you must be aware of the market trends before you make the move because some significant changes have been predicted for the real estate market in Texas this year. Continue reading →

Snagging the best real estate property – Mistakes the first time homebuyers should avoid

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The first time homebuyers are usually too intimidated by the entire process of buying a home and this is the reason they get help from the mortgage brokers and the real estate brokers who are experts in offering the best mortgage loan in the market. Are you a first time homebuyer who is scared about taking the first step in the mortgage market and take out a home mortgage loan? If answered yes, you need not fret as there are ways in which you can go about the process and also end up securing the best deal in the market. Avoiding the most common mistakes is the secret behind securing the right mortgage deal that can help you reach your dream real estate property. Have a look at some mistakes or blunders that you should avoid when you approach a mortgage lender.

  1. Not checking your credit score before taking out the loan: When you approach a mortgage lender, the most important thing that you should check is your credit score so that you don’t pose to be a scam borrower to the mortgage lender. If the mortgage lender sees that you’re not a responsible manager of your finances, he will reduce his risk by charging you sky-high rates on the mortgage loan. In order to avoid this, you should check your credit score; take steps to boost your score to at least 700 before you approach a mortgage lender.
  2. Not testing your shopping skills: Yes, there are too many mortgage lenders in the market and it is your duty to take out the mortgage loan from the one that offers you the most competitive rates, the lowest monthly payments and the lowest closing costs. These are the 3 things that you should check before you take out a mortgage loan from a mortgage lender so that you’re able to choose the best one that befits your present budget and affordability.
  3. Not reducing your DTI ratio: The DTI ratio is yet another number apart from your credit score that is taken into account by the mortgage lender before lending you a loan. The lower your DTI ratio is, the lower will be the interest rate on the loan. Higher DTI ratio will always mean that you can manage your monthly mortgage payments even after making payments towards all your other debt obligations. Therefore, you should take steps to reduce your debt obligations and then approach a mortgage lender.
  4. Not saving enough money for the down payment: When you take out a home mortgage loan, you have to pay down at least 20% of the total loan amount and when you’re not able to pay down this amount, you may end up qualifying for the PMIs or the Private Mortgage Insurance payments that unnecessarily raise your monthly payments. You should therefore save enough money in order to help yourself avoid the PMIs.

Therefore, in case you’re a first time homebuyer, don’t make mistakes like a novice. Take into account all the above mentioned factors and also have a clear idea on the bigger picture. Know the current updates on the US mortgage market so that you can take the best decision based on the entire nation.

Sell Your Home Today | List your home with Newhomeprograms.com

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WELCOME SELLERS The typical home owner will live in their property for 5 to 7 years before they decide to sell. Sell your home It is very rare these days for a home owner to live in the same home for 30 years as economic factors and family changes will dictate the person’s future living arrangements. Newhomeprograms.com understands this well and we are always looking for suitable properties to present to our prospective buyers.

READY TO SELL

Are you ready to sell your home? If so, you may have a long road ahead of you in today’s challenging real estate market. With the foreclosure sales creating a burden on home values, the real estate market for sellers can be worrisome and very nerve-racking. But there is HOPE!

LISTING YOUR HOME

Newhomeprograms.com is a BUYERS representative firm which means our primary business is working with home buyers who are anxious to buy a home of their own. At any given time, we may have hundreds of qualified home buyers in your town or city who are ready to buy your home. With this being said, we would like the opportunity to give you a FREE Comparative Market Analysis of homes which are now on the market for sale in your community as well as homes that have recently sold. A free consultation with one of our Realtor® will include:

  • FREE Comparative Market Analysis
  • Government home down payment grants your home may qualify for if purchased by a First Time Home Buyer or Military Veteran
  • How to sell your home for more and pay less
  • Tips on increasing the value of your home

SHORT SALES – If you are in danger of a foreclosure sale, please contact us IMMEDIATELY! We work with real estate investors and attorneys who may be able to stop the foreclosure process and negotiate with your mortgage lender to buy your home. We will then prepare you to buy your next home in 24 months from the date of the short sale.

Schedule an appointment with one of our Listing Specialists!

Florida Vacation Home Sales on the Rise

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When you are looking for a great place to retire or just a wonderful place to get away,consider a Florida vacation home. You will find that you can choose from many wonderful homes that will exceed your expectations.

Florida vacation homes are still selling for under $140,000!

Florida vacation homes are still selling for under $140,000!

You will love the great selection of Townhomes, Villas, Single Family Homes and even Condos that offer the lifestyle that you are seeking. Finding the perfect Florida vacation home for sale will be an easy task when you deal with the best Florida Real Estate Company available.

Florida has so much to offer to everyone. Whether you are retired and it’s just you and the wife or you want to take the family to Florida you’ll find plenty of activities to please you and everyone else. Imagine being able to bask on the beaches anytime you choose or to take a chartered fishing trip to catch the fish of your dreams. A Florida vacation home can open up a whole new world for you. Florida also offers great shopping and dining experiences that are pleasing to anyone.

The prime Florida real estate that is available will certainly surprise you and being able to choose the Florida vacation home for sale that meets your standards is going to be an exciting and easy task. With affordable prices, interest rates at an all time low and second home mortgages now being offered by many mortgage lenders, no wonder Florida Vacation Home sales are on the rise!

Search Florida Vacation Homes now!

First Time Home Buyers choosing a Realtor®

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Nothing is more exciting than being a first time home buyer. Nothing can be more frustrating than driving around town becoming an official: “lookie lou” wasting gas and time, and having no clue about the “nuts and bolts” of buying a home. To avoid any further frustration, you need to grab a parachute labeled , Realtor® and let them handle all the “what if’s” while you make the transition from a “lookie lou” to a “supervisor.”

That said, as a first time home buyer “supervisor” you’ll need to look for the caution signs in terms of using a Realtor® .

Our Team of Realtor® are standing by to assist you!

Our Team of Realtors® are standing by!

Your dream of home ownership is at stake so make sure you hire one you can work with, as well as one who’ll listen to your needs and desires. One who has experience, is persistent but polite, and recognizes your comfort zone. Knowing the area where you have chosen to buy helps. The key word here is interview.

Be sure that your Realtor® understands mortgage financing to insure you are presented with the best mortgage financing options for your needs. Not all home loans are the same and many financing programs come with extra benefits for first time home buyer.  Continue reading →

Now hiring for Real Estate Sales & Management Positions | Newhomeprograms.com

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NEWHOMEPROGRAMS.COM LLC

Newhomeprograms.com LLC is a private owned real estate firm that caters to the first time home buyer real estate market. In the 2004, Newhomeprograms.com was launched as an online web site portal of information for first time home buyers seeking help with obtaining home down payment assistance grants and free credit counseling. Newhomeprograms.com grew to become one of the most popular lead generating sources for first time home buyers in the Houston metropolitan area.

As of April 2010, Newhomeprograms.com is now a full service real estate firm licensed in Texas, Florida, Pennsylvania and in the near future North Carolina, Georgia and Connecticut. Continue reading →