Short Sales: The Road Is Now Paved

THE KCM CREW on SEPTEMBER 2, 2011  

Selling on own didn’t work for For Sale by Owner owner…

A  story recently appeared in the Wall Street Journal regarding Colby Sambrotto, the founder and former CEO of forsalebyowner.com. It seems the founding father and livelong evangelist of the concept of selling your home without a real estate agent was forced to hire a broker to sell his home after failing at what he preaches others should …

Continue reading

How do you get a mortgage approval?

  The 4 C’s of Mortgage Underwriting With …  new buyers out looking for houses, I thought today might be a good time to review the basics of what lenders look for as they decide to approve (or deny) mortgage applications. For at least 25 years, I have heard them called “The 4 C’s of …

Continue reading

Short sale option: lease-to-own

Question: I am considering a relocation move, and just had an appraisal done on my townhouse. It came in at $419,000, which means that I am about $15,000 underwater on the property. I don’t know if I could sell at the appraisal value, as there have been no comparable sales in my neighborhood for 18 …

Continue reading

Home improve: to do or not to do?

Visit msnbc.com for breaking news, world news, and news about the economy   If you’re planning on renovating your home, consider these best and worst projects based on the amount of money recouped in the event of a sale. According to Barbara Corcoran, real estate contributor on Today, the most worthwhile renovations provide the biggest bang for …

Continue reading

Listed your home and it didn’t sell?

Your Listing Has Expired A listing contract on a house for sale has a termination date. If the house reaches this date without being sold, it is called an ‘expired’ listing meaning it is no longer for sale under the previous contract. The end of June historically is a time when many listing contracts come …

Continue reading

Real estate decisions based on your personal goals

Every day we are bombarded with statistics and data.  Housing starts are up, housing starts are down; more job losses, unemployment is improving; foreclosures, short sales, housing inventory, interest rate movements and much more. It’s enough to make your head spin There’s an old saying that claims: “All real estate is local”. It infers that …

Continue reading

Strategy for Cutting Mortgage Payments

“Recasting,” or “re-amortization” involves paying off a lump sum of the principal mortgage amount, and then having the monthly payments reset according to the original interest rate and loan terms.