How to Sell Your House!

Well, folks, we have finally made it to the final part in this post series! It is time to turn our focus back to your house itself. Now, as we have stated many times, the housing market right now is the pits. Some houses sit on the market for months and months – if not even longer! You definitely do not want that to happen – fortunately, you do not have to keep on lowering the sale price just to make your house desirable to potential buyers.

Every house has a few little things wrong with it. You might need a new air conditioning unit, the faucet might be leaky, the windows might need to be resealed. You get the idea. When you are selling your home, you can increase your chances of selling it quickly by indulging in a little home repair – especially if it will make your home look better both in person and on paper.

So, if you have any cracked tiles or messed up carpet, replace it. Patch up any holes in the walls, fix those faucets, make sure all the doors and cabinets open and close properly. You may even want to give some of the rooms a new coat of paint or putting down some new rugs.…

How You Can Purchase A Home After Foreclosure

Purchasing a home in this day and age, having good credit is something that can truly help you not only get the home that you want, but also get the price that you want.  What happens if you want to buy a home after you have gone into bankruptcy or foreclosure though?  Well, there are some things that you can do – after all, everyone in the world should have a chance to buy a new home and that is what we are going to help you do!

One of the first things that you need to be is organized.  You want to make sure that you mark your calendar accordingly, that way you know exactly when you can start purchasing your new home.  If you have filed for Chapter 13, bankruptcy then after 1 year, you can get a new home.  If you have filed Chapter 7 bankruptcy, you can buy a new home after 2 years.

The next thing we are going to explore in the next blog is if you foreclosed on your home, what you need to do in order to get a new one!…

Home Inspections … What Are They? 2

While the home inspector might be someone that is very important to deal with, there are a few other details that you might want to take into consideration whenever you are looking to purchase a home.  For example, why do we do home inspections?

One of the major reasons why we should get a home inspection has got to be to ensure that home is going to be livable and that you are actually going to be making an investment.  Home inspectors are going to give you the truth and nothing but the truth.

You always want to make sure that you are buying an investment whenever you get a home and that is what a home inspector will do fro you!…


Prior to my position as First Vice President at Bayview Financial Exchange Services, LLC, I practiced real estate law.  As a real estate attorney, I was always concerned about what was happening in the real estate mortgage market, along with the types of loans, their availability and costs associated thereto.   We have seen over the past 4 to 5  years, a large percentage of consumers obtaining variable interest rate loans, especially on residential properties.   A variable interest rate loan generally allows the borrower to obtain a larger amount of financing,  because it usually has a lower interest rate at its initiation.  But, it also has the potential of increasing interest rates in the future.

Unfortunately, that future is now. Interest rates have escalated, with projections of continuing escalation.  This will result in higher costs to the consumer  and the consumer being able to purchase “less property.”  Is there another elixir for the consumer?  Ah–creative minds create creative solutions.  Creative is an important word–Did I not just use it 3 times in a 5 word sentence?  The mortgage industry has designed a creative answer–the “Fixed Rate Interest Only Loan.”  This loan allows the consumer to lock in an interest rate for the life of the loan, while reducing their monthly payment,  because all they pay is interest and no principal payments, for typically the first 10 or 15 years.   According to UBS AG, these loans now account for around 8% of all new residential loans being issued.  The benefits are that the borrower locks in a single rate for the life of the loan, and at least for the first 10 to 15 years the payments are relatively low.  However, after that initial 10 or 15 year period, the monthly payments jump up because the borrower now has to repay the balance of the loan over the remaining time period.…

Buying a House 101

There is no question that the housing industry is in a pretty sorry state right now.  No one has the money to buy a home, and thus people who are selling their homes often find that they remain on the market for months, if not years, at a time.  That also means that the prices for houses currently on the market tend to fall quite drastically – and you might be in a position to take advantage of that.  However, you need to keep in mind that the rules are changing when it comes to qualifying for a loan.

The first thing you need to be concerned about is an appraisal.  You need to make absolutely certain that any property you are thinking about buying gets proper appraised.  That way, you will have a more accurate idea about what the home’s true market value is.  You will also be able to pick out any discrepancies told by the person selling the house.  Banks also appraise the homes they have.  They like house to appraise at a value equal to or greater than the amount of the loan a buyer is requesting.  That way, the risk of default lowers significantly.…

Market Conditions: A Slight Jump Ahead!

It seems that the waiting is paying off because not only is D.C getting their act together, but we have also seen a small jump in the sales in the Western region of the country!   Although, despite this jump, the entire market is underperforming.  In the past decade, we have added in about twenty-five million people to our population and the ability to afford a house could not be higher for most people but the household formation is much, much lower than expected.

Obama really does have his hands full if he expects to jump the real estate market into gear for the spring and summer months – we have to wait and see, but our newest president definitely has his hands full and if he wants to make sales, he will definitely have to work fast!

Everywhere in the world, people are dropping the cost of their homes and losing all sorts of money – even with the bailout, it simply does not seem to be helping.  Obama is tightening those purse strings in the white house, but let’s hope that he can save our great country!…

Property Selling: Tips on writing a listing description

Selling real estate is a lot easier today with the help of the internet, even without hiring an agent. A lot of homeowners are more curious on how they can sell their property online. For this post, we focus on how you can make a good description when you list your property online:

Be honest

What is most important is that you should be honest when you put your property up for sale. You need to put only the correct details about your home. Any misleading information may disappoint potential buyers, make them cancel the transaction, and you will waste people’s time. Of course, any untruthful disclosure about your home may also push someone to file a lawsuit against you.

Be concise

The internet reaches to a lot of people but you need to remember that people also have shorter attention spans when looking at online ads. There are millions of choices so a long description may turn off a potential buyer. Your information should be very accurate, detailed, but not too flowery.

Be positive

If you feel that your home is a great property for other families, then by all means say what you feel. Showcase the beautiful landscape or the staircase or any other good traits of your home.

Highlight the best features

Make sure that the description of your property is eye-friendly. The reader must be able to scan through it and see the wonderful features of your home. Avoid making a big block of prose since people will not read them.

Be creative

Make a catchy headline that will make people checkout your home. You can say 365 days of sunshine and perfect weather instead of just saying where it is located. These creative punches will make your potential buyers read on through your description and maybe decide to check it out and purchase it.…

How You Can Sell Your House Alone — Without A Real Estate Agent!

In this day and age, with everyone in the world trying to sell their house for the most amount of money, who really wants to pay a real estate agent commission fees?  There are many different ways that you can sell your house without a real estate agent; you really just need to know how to do it and that is what we are going to go over in these two blogs!  Firstly, you need to understand how you are going to sell your house – what strategies you need to put into place.

Advertising is honestly going to be the most important thing and that is why real estate agents have so much luck, because they have access to all sorts of different databases to get your home out there for you.  While you might not have access to all of those databases, there are a couple different things that you can do to make sure that your house gets out there.

Setting up a website for your house is a great way to ensure that people can take a look at your house without having to swing buy – make sure that you include a virtual tour.  More in the next blog!…

6 Steps to Avoid Foreclosure: 1-3

Foreclosure is a very real risk for a long of homeowners right now. Avoiding Real Estate Foreclosure is important! If you have ever gone through it yourself, even if you have ever known someone who has gone through it, you know that it is devastating and emotionally draining. As such, it is imperative that you do everything you possibly can to avoid this — at all costs. Fortunately, that is not as difficult as it may seem to be right now. There are six essential steps you can follow to make sure that you never have to go through a foreclosure. Here are the first three.

Step 1: You need to begin by analyzing your entire financial situation — honestly. You need to calculate exactly how much money you can afford to pay on your home.

Step 2: You need to talk to your lender. If you have to, talk to someone in your lender’s customer service department. Be honest here as well, and tell the complete truth about your entire financial situation. Believe you me, your lender does not really want to take your house from you.

Step 3: See if you can negotiate some kind of compromise with your lender. Try to work out a payment plan.…

A Leaky Toilet Can Cause Way More Than Just Water Damage


While you might not think that a leaky toilet is a real estate issue, if one of the houses that you are trying to sell or your own house that you are thinking about putting on the market has a leaky toilet, you should read below to ensure that you know exactly what type of damage leaky toilets can truly cause in the long run.  Everyday, leaking toilets result in about six billion gallons of water loss; that is one heck of a number from just a bunch of leaky toilets right?

What you may not realize is that everyday, toilets can lose anywhere from 30 up to 500 gallons of water just form a small and silent leak that is as little as a staple.  Now that you know all of the figures regarding leaky toilets, the damage is probably something that you are more interested in right?  For one, leaky toilets can cause black mold to form along with injuries, if someone slips and falls.

The solution?  Fix the leaky toilet as soon as you notice water on the floor that was not from a shower.…