Ask the Experts - Is this a good time to list my home? Real estate is very cyclical and studies have shown that the current housing market is well below last year’s inventory level. Some studies even show that the current market inventory is well below a six month average. This low inventory creates a seller’s market because there are more buyers in the market than sellers. Therefore, I would say Yes - this is a definitely a perfect time to list your home for sale! When you are ready to list your home make sure your home shows like a model home, with curb appeal and it’s priced correctly. You want buyers to be excited about the home! Pricing your home correctly will generate the most traffic and may produce multiple offers during the first 30 days. After 30 days, most brokers will usually ask for a price reduction to stimulate interest. As the seller you do not want your home to sit for long period without a contract.Now, sellers … [Read more...]
Making Home Affordable (MHA) Program
WHAT IS MAKING HOME AFFORDABLE (MHA) ALL ABOUT? Making Home Affordable (MHA) Program is a critical part of the Administration's broad strategy to help homeowners avoid foreclosure and stabilize the nation's housing market.Eligible homeowners can lower their monthly mortgage payments and get into more stable loans at today's low interest rates. And for those homeowners for whom ownership is no longer affordable or desirable, the program can provide a way out that avoids foreclosure. There are also options for unemployed homeowners and homeowners who owe more than their homes are worth.ABOUT SERVICERS HOME AFFORDABLE REFINANCE PROGRAM (HARP)I'm current on my mortgage. Is it possible to refinance my loan under HARP? Yes. Eligible homeowners, who are current on their mortgages but have been unable to take advantage of lower interest rates because their homes have decreased in value, may have the opportunity to refinance. Through HARP, Fannie Mae and … [Read more...]
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