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Showing posts with label seller. Show all posts
Showing posts with label seller. Show all posts

Friday, August 20, 2010

Liberty RAN Stats for July 2010

Under $100,000 - 11 Units
$100,000 - $150,000 - 11 Units
$150,000 - $200,000 - 8 Units
$200,000 - $250,000 - 10 Units
$250,000 - $300,000 - 4 Units
$300,000 - $350,000 - 1 Unit
$350,000 - $400,000 - 3 Units
$400,000 - $450,000 - 3 Units
$500,000 & Up - 2 Units

A Total of 53 Homes Sold in the Liberty Reece & Nichols office in July 2010!

Thursday, July 1, 2010

Tax Credit Closing Deadline Extended

After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There is will be no gap between June 30 and the date the President signs the bill into law. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.

Monday, June 28, 2010

How to Spruce up your Home so it Sells for MORE!

Before selling your home you should take a fix-it inventory of your house to see what needs to be done to prepare the house for sale. After all, you may be okay with the worn spot in the carpet in the den, but your buyer may not.

Fix-ups don't have to be expensive. Below are a couple suggestions that you can handle when you're pressed for time and money. It’s always best to take care of these as soon as possible, before you’re ever considering the sale of your home.

* BATHROOM: This room is the one that can be rejuvenated for the least amount of money. A new medicine cabinet, for instance, with better lighting and larger storage capacity can give your bathroom a complete new look. Cost:$150 or less.

The shower is for more than just keeping the dirt off. It also provides a wake-up call, gives you relaxation and a place for pure, hot satisfaction. A new shower head can do wonders. You may find that in one house the water pressure is so high that it can literally throw you up against the wall. Or, perhaps worse yet, a water pressure so low that you have to run around in the shower to get wet. A replacement shower head complete with four settings) may cost $39 or less and takes less than 10 minutes to install.

If you're in a 25 to 30-year-old home, more than likely you have those pseudo-chrome-plated towel racks that are more fitting to a gymnasium than a home bathroom. Towel racks run as low as $10 and can help you refit the whole look.

With these few changes in the bathroom, this part of the house is ready for when you want to sell, and you'll even get a chance to enjoy the new look before you hand over the keys to new owners.

* PAINTING: Applying anew coat of paint to the interior can do wonders for the look and feel of your house. Painting is one of the most inexpensive makeovers, yet one of the most effective. A couple of cans of good paint run about $50. Additional equipment (brushes, rollers, drop-cloths, etc.) will cost between $30 and $50, and, in a day, you've given one of your rooms a complete new look.

Every homeowner ought to budget the time and money to paint the exterior on a regular basis. Painting your house every two to three years keeps the exterior in good condition and provides you with the opportunity to inspect more closely the parts of the house you normally would not get access to on a regular basis, such as the eaves and overhangs.

While it would be difficult to paint the whole house for under $200, try attacking the trim first. With a couple of cans of paint, you could probably take care of the shutters and door. A fresh coat of paint on these items does wonders for the look of the rest of your house. In addition, who says you have to paint the whole house at once, anyway?

These are just a couple of things you can to spruce up your house. You’ll be surprised at how a quick fix here and there will make your house look almost new again!

Thursday, May 27, 2010

Sold at the Court House Steps

Those are words that I never want to hear. I have represented Sellers who have been close, but never as close as today.

This business is more than a sign in the yard. It's a people business. Lives are affected when a home sells. Some times there are cheers, and other times there are tears.

Today, one of our listings was to be sold at the court house steps at noon today. I did everything that I possibly knew to do to keep my Sellers in their home. My job was to help keep a roof over their head and buy them time. We knew that the end result was that they would have to move out of their home, the question was when.

With the help of an interested Buyer, we were able to help put together an offer and submit it to the bank within TWENTY MINUTES of noon today. In TWENTY MINUTES the house was to be sold in the court house steps for a fraction of what the market value is. Even after we were told yesterday that it was a waste of our time, we pushed forward. We got the offer written, all parties to sign, and submitted the offer within TWENTY MINUTES of the foreclosure date/time.

We prevailed! The foreclosure was stopped today and the lender is reviewing our offer. It was an emotional phone call to the Seller. After days of intense conversation, strategy and planning, my Sellers are sleeping in their home tonight.

Thursday, April 22, 2010

Curb Appeal Sells!

According to Dave Ramsey, Financial Peace University, 71% of buyers choose the house they look at based on curb appeal! A statistic I had never heard of before!

Here is a link that will help you with ideas on what to do. Even if you choose a few select ones, this could really improve your foot traffic!

http://homebuying.about.com/cs/sellerarticles/a/curb_appeal.htm

Tuesday, February 2, 2010

87 DAYS ONLY AND COUNTING!

There is only 87 more days from today to go under contract and still be able to receive the tax credits!

$8,000 First-time Home Buyer Tax Credit at a Glance

•The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
•The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
•The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
•The tax credit applies only to homes priced at $800,000 or less.
•The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
•For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
•For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

•To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
•The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
•The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
•The tax credit applies only to homes priced at $800,000 or less.
•The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
•Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.