If you’re thinking about selling your home, you are probably asking yourself, “How do I find out how much a house in my neighborhood sold for, and are the prices houses sold for in my neighborhood comparable to the price I could ask for my house?”
When deciding how much you should list your house for, you have a couple of options.
A CMA will Show what Prices Houses Sold for in Your Neighborhood
If you’re looking to sell your home, a real estate agent will be able to give you the prices houses sold for in your neighborhood. This will help you determine how much you should list your home for.
If you’re selling your home, you need to get the best and most accurate pricing data you can find. The best way to do that is by contacting a real estate agent. There is typically no charge for getting specific information on how much houses in your neighborhood sold for. A realtor will go through your home and provide a Comparative Market Analysis (CMA). This is typically free of charge, and there is no obligation for you to list with anyone who prepares the Comparative Market Analysis. The CMA will provide information on how much several comparable houses in your neighborhood sold for.
Just ask us to give you a Comparative Market Analysis or information on the prices of houses that sold within the past three months in your neighborhood. You’ll also want to know which of the houses sold in your neighborhood were short sales and bank owned.
Bank of America says it’s making changes to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer.
The new task flow in Bank of America’s short-sale management platform, Equator, will enable short-sale specialists to conduct tasks like document collection, valuations and underwriting simultaneously. When buyers walk, agents will have five days instead of 14 days to submit a backup offer. Contact us for more information.
Investment Funds Crowding Out Local Investors and First-Time Home Buyers
Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys.
The Wall Street Journal reports: Read the complete article
Investment Funds Crowding Out Local Investors and First-Time Home Buyers | Bay Area Real Estate Trends.
Qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale by 9/30/2013. The amount of assistance provided under the new program is determined on a case-by-case basis, taking into consideration the value of the home, amount owed and other considerations. BofA will approve the short sale PRIOR to going on the market to make it easier to find a buyer and importantly close sooner !
Call Jaynelle today,510.206.7144, for more details!
Former Property Short Sellers
Now are property owners again. I sold them are new home.
Home short sold in 2009.
Purchase a new home in 2011.
I have four more successful short sale clients in the purchasing property market now.
I have successfully completed 80+ short sales, and several BofA short sales in Contra Costa, Alameda, Solano, Merced counties.