The top reason most homeowners try to sell their home “by owner” is to save on the real estate commission. In reality, most homes that are sold by real estate agents sell for much more than homes sold by owner. Most homeowners who decide to sell by owner would have walked away with a lot more money if they would have had a real estate agent do the hard work!
When you are ready to sell your home for top dollar, contact me, I’m on your side. I do much more than just put a sign in your front yard. I will sell your home for the most money in the least amount of time and much less hassle than selling by owner. My knowledge in:
– setting a price that will attract the most buyers;
– reaching the most amount of buyers for your home; and
– marketing your home to attract the most qualified buyers
will ensure that you get top dollar for your home. Call me today!
Bank of America has put in place a program which offers homeowners that are behind on their mortgage assistance with relocation expenses if they short sale their home. Short sales are a great alternative to foreclosure. To be eligible for this assistance the homeowner must diligently work with the bank to complete a short sale and the transaction must close no later than September 26, 2013. The amount of money which the homeowner is eligible to receive for assistance is determined on a case-by-case basis and may be anywhere from $2,500.00 to $30,000.00. Among other things, Bank of America will consider the value of the home and the amount owed when making the determination of how much a homeowner is eligible to receive for relocation.
This program is similar to a program which Bank of America implemented in Florida last year. Bank of America has completed approximately 200,000 short sales in the last two years. This incentive will most likely produce even more short sales in 2013.
I can guide you through the short sale process! If you or anyone you know is interested in short selling a home and applying for relocation assistance contact me today!
Jeff Tricoli, PA, Keller Williams
After six years home prices seem to be rising in Palm Beach County. Almost one-half of the communities in the county have reported an increase in prices over the last several months. The prices have risen due to a lack of inventory and mortgage interest rates that have reached near record lows. Most well priced homes in Palm Beach County will have multiple offers within a few days of having been listed. This means that the average buyer will be competing with others when trying to purchase a home. Also, many investors are back in the market and are purchasing homes with cash. Cash buyers make the competition even tougher. With competition being so tough it’s more important than ever to have a qualified expert on your side. If you or anyone you know is interested in buying or selling a home contact me today! I will help you through the process. www.lakeworthhomes.com
The foreclosure crisis has caused millions of homeowners to find themselves owing more on their mortgage than their home is worth. In the past many of these homeowners would have lost their homes to foreclosure. Nowadays there are options. Today the government and many major banks offer many alternatives to foreclosure. Many of these options provide an alternative to foreclosure that will not destroy the financial future of the homeowner. The options include short sales, loan modifications and even money to the homeowner as an incentive to short sell the home they can no longer afford.
If you or anyone you know needs help with this process please visit: www.shortsalestrategies.com and email me for a FREE copy of my report entitled “Short Sale Incentives: Why Banks Will Give You Money to Sell the Home You Can’t Afford.”
Contact me today for a free, confidential consultation.
Jeffrey L. Tricoli, P.A., Keller Williams
The Housing Market Continues to Recover
The housing market continues to recover. Sales of existing homes are on the rise. Prices for these homes are also rising because of low inventory. According to the National Association of Realtors the rental market is also strong with low vacancies and higher rents.
This month mortgage interest rates are at approximately 3.4%. This is near record low. This means more people can afford to buy houses. Home sales this month have increased almost 15% from this time last year. The median home price also increased 2.1% this month. These figures are further evidence that the market is continuing to recover.
If you or anyone you know is interested in buying or selling a home contact me today!
Jeffrey L. Tricoli, P.A., Keller Williams
Ten major banks reached a settlement to pay $8.5 billion in order to settle claims alleging that they wrongfully foreclosed on many homes. JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, MetLife Bank, PNC, SunTrust, GMAC Mortgage and HSBC Finance are among the banks included in this settlement. They will pay $3.3 billion directly to homeowners and the other $5.2 billion will be used for assistance with loan modifications to homeowners wishing to stay in their homes.
Homeowners whose property was improperly foreclosed on may be eligible to receive anywhere from $1,000.00 to $125,000.00. This settlement that the banks have reached includes property foreclosed on during 2009 and 2010.
For more information on whether you qualify to receive a part of this settlement please contact me.
The Mortgage Forgiveness Debt Relief Act was extended to December 31, 2013 by lawmakers. The extension means owner occupied homeowners now will be excused from paying taxes on forgiven mortgage debt through 2013. The law, established in 2007, was set to expire Dec. 31, 2012.
The extension will mean potentially tens of thousands of dollars in tax savings for many homeowners looking to work out a short sale or mortgage modification with their lender. This is great news to keep the momentum going on the Florida real estate market. Some industry officials feared no extension would hurt the housing recovery.
Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. This would have been taxable without an extension of the law.
Short sales are a very large part of the real estate market. This extension should give many homeowners an incentive to short sale rather than let their home go to foreclosure.
Wonderful Lake Worth lot over 2 acres. Build your dream home and/or nursery in town with a country feel. Large 3 car CBS garage and shed. Mostly fenced. Close to the turnpike and 3 golf courses. Not a short sale or foreclosure. Well on property.; Perfect opportunity to own 2 acres in town. Zoned agricultural residential. Build your dream home and run your own nursery on this lovely fenced 2+ acre lot. Includes a huge 3 car CBS garage and seperate shed. Close to the turnpike and golfing. Surrounded by single family homes and nurseries.
Listing Courtesy of Jeff Tricoli, P.A., Keller Williams Realty Palm Beach Central
Just Approved! Wells Fargo HAFA Short Sale in Loxahatchee with a $3,000 incentive and a deficiency waiver from the lender.
Just approved, Chase HAFA short sale on a Boynton Beach single family home. Chase incentive of $35,000 and an additional HAFA incentive of $3,000. Wells Fargo, the 2nd lender issued their approval a few days later. Wells Fargo is being paid the standard $8,500 HAFA amount offered to 2nd lenders. Both lenders are waiving the right for a deficiency judgment.