CONAPEPANAMA

Archive for April, 2009

There are many homeowners who have had a home on the market for some time. Some are tired of waiting, have received a lowball offer and are financially able to take the loss. That’s the best case scenario. Others, however, are suffering financially. They’ve lost their jobs or have experienced medical emergencies or other emergencies that have put them at great financial risk. They need to sell their homes to get out of the mortgage payments. They are upside down in their homes and a short sale looks like a good prospect.

When presenting your short sale offer to the lender, make sure you request up front that they report the account as paid as agreed. Get it in writing before you sign. This will eliminate the negative reporting on your credit report.

In this time of continual recession the number of the sellers of homes is incresing while the list of the buyers is becoming thin to thiner. So there are more houses on the market than the previous time. It has become a challenge to sell your home for an acceptable price in this slow market.

It may sound paradoxical. But let me explain first.If the market is slow,the sellers become easily frustrated and hike the much less price lest they should suffer more.But the truth is that in a slow market you should be patient and wait to observe the whole situation. Don’t lower your price out of frustration. You should sit on the market for some time in order to find the right buyer for your home. Pricing your home too low can have an adverse effect on the mind of the buyers.