We are helping you be "In the Know"

10 Reasons Why The Holidays Are A Great Time To List

2011-12-06T11:36:00.000-08:00

1. People who look for a home during the Holidays are more serious buyers! In fact, sellers may have a better chance to standout and face a buyer pool with more urgency to settle down. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!
2. Since the supply of listings will dramatically increase in the January, there will be less demand for your particular home! Less demand means less money for you!
3. Houses show better when decorated for the Holidays!
4. Buyers are more emotional during the Holidays, so they are more likely to pay your price!
5. Buyers have more time to look for a home during the Holidays than they do during a working week!
6. Some people must buy before the end of the year for tax reasons!
7. January is traditionally the month for employees to begin new jobs. Since transferees cannot wait until Spring to buy, you must be on the market now to capture that market!
8. You can still be on the market, but you have the option to restrict showings during the six or seven days during the Holidays!
9. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year!
10. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low!

For more information on listing your property with Home Source Realty Group or a free CMA contact us at 508.778.1982 or go to www.homesourcecapecod.com.

Is A Short Sale Right For Me?

2011-12-01T09:54:00.000-08:00

If you answer "Yes" to any (or all) of the following you may want to consider a short sale...

1. Do you owe more than your house is worth in today's market? (If you are unsure, just give us a call and we can help you determine your home's current market value.)

2. Have you had a loss in income (for any reason) that has made meeting your financial obligations difficult or impossible?

3. Are you behind on your monthly mortgage payments? (This is not a requirement. If you are current but it is no longer feasible for you to continue to pay and wish to sell, you may consider a short sale an option for you.)

WHAT IS A SHORT SALE AND HOW DOES IT WORK?

A short sale allows owners to sell their property for less than the amount that is owed on their mortgage. It is currently made possibly through federal legislation and is the only way that the home owners can sell their property when they owe more than the property is worth, unless they want to pay the bank the difference between what the property sells for and what is owed. In most cases, when a short sale is initiated, it will stop the foreclosure from proceeding further.

The process includes but is not limited to the following:

- Seller fills out an application packet that includes 30 days of income statements, 60 days of bank statements, 2 years of tax returns, a hardship letter and some supporting documents.

- House is listed for sale. Once a qualified buyer is in place, the bank will order a valuation (called a BPO)

- The bank will either accept the buyer's offered amount or counter

- The bank will approve the sale

- Closing will occur

For more information goto our website at: www.homesourcecapecod.com or give us a call at 508. 778.1982 and we would be happy to help.

National Association of Realtors Reports: pending home sales surge in October!

2011-11-30T07:51:00.000-08:00

Kerry Curry of Housingwire.com is reporting the following (which is great news for all of us!)...

Pending home sales soared more than 10% in October and remain above year-ago levels, in a hopeful sign for the nation's housing market, according to the National Association of Realtors (NAR.) NAR's pending home sales index, a forward-looking indicator based on contract signings, surged 10.4% to 93.3 in October from 84.5 in September. The index is 9.2% above October 2010 when it stood at 85.5. The index is based on signed real estate contracts for existing single-family homes, condos and co-ops."Home sales have been plodding along at a subpar level while interest rates are hovering at record lows and there is a pent-up demand from buyers who normally would have entered the market in recent years," said Lawrence Yun, NAR chief economist.

Are you in the market for a new home in the Cape Cod region? Or perhaps you are interested in selling. We can help! Just contact us at 508.778.1982...we love referrals too!

To see all Home Source has to offer please visit us at www.homesourcecapecod.com.