Short Sale vs. Foreclosure

April 1, 2012 By Krystyna Baty Leave a Comment

Short sales account for over 30 percent of the South Bay real estate market. Homeowners who face foreclosure, weigh in the benefits of a short sale versus foreclosure. Here is the list of advantages of getting a home sold short instead of letting it go into foreclosure:

- You will be selling your home, not losing it to the bank- In a short sale transaction, you will be selling your home and retaining some dignity in the process.

- In most cases, you will be clearing your debt- To qualify for a short sale, you need to prove you are selling because of a financial hardship. Very often, the debt owed to the lender is totally wiped away, helping you get back on your feet

- You do not have to pay your mortgage payments- While in the short sale process, it is likely you will not be required to pay any mortgage payments while still being able to live in the home.

- You will not damage your credit as badly – Your credit is drastically affected in a foreclosure . With a short sale, you’ll be able to purchase a new home much faster.

- You might be eligible to receive cash incentives at closing- the HAFA or Home Affordable Foreclosure Alternatives Program is paying homeowners as much as $3,000 in relocation assistance.

If you’re considering a short sale, please conact me at (310)918-5027 or via email at info@southbayhousevalues.com for a confidential consultation.

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Filed Under: Selling Tagged With: foreclosure, short sale

How To Prepare Your South Bay Home For Sale?

January 5, 2012 By Krystyna Baty Leave a Comment

Preparing Your South Bay Home For Sale

Here is a list of items to keep in mind when preparing your home for sale:

Tidy up the grounds and the garage. Keep the lawn trimmed and edged. Ensure that your yard is clean.
First impression counts! Your front door contribues to that impression – repaint it if necessary.
Wash windows and dust window blinds and coverings
Paint walls to give your home that fresh look!
Bathrooms and kitchens help sell homes – make sure that they are sparkling clean; replace appliances if needed.
Make beds, wash dishes, put away clothes and straighten up.
Turn lights on when showing
Keep pets out of the during showings
Put away valuable, extra furniture, declutter.
Leave the showing to the salesperson. It’s recommended that you leave the property during showings.
Don’t discuss any details with potential buyers, leave it to their agents.

It helps to look at your property from a buyer’s perspective. Imagine you’re a buyer, what would you like to see in a home?

Contact me at (310)918-5027 or via email at info@isellsouthbay.com and I’ll be happy to stop by your house and help you “set the stage”.

We only have one chance to make a good first impression!

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Filed Under: Selling Tagged With: condo, house, prepare for sale, selling, staging homes

Short Sale

January 3, 2012 By Krystyna Baty Leave a Comment

WHAT IS A SHORT SALE?

Foreclosure on a home has consequences for the family, the community, the housing market, and the economy. However, the option for a short sale provides a way for troubled homeowners to prevent foreclosure and many of the dire penalties involved.

Short sale is an agreement with your lender, in which the lender agrees to accept a payoff on the loan for less than the balance. Many lenders agree to a short sale because they receive more of the loan balance if the property ended up in the foreclosure. The short sale process also aides in maintaining home values in the community and helps the homeowner maintain a better credit when compared with the foreclosure. In most instances, homewners considering a short sale must meet certain criteria the lenders set, such as you will have to provide evidence of economic hardship and you must be behind in mortgage payments.

Short sale is not a typical real estate transaction. There are many parties involved in a short sale. The short sale process can be difficult to complete without a qualified Realtor to guide you and act as a liason between all parties involved. Homeowners considering a short sale should also consult their tax advisors and obtain the professional advise of an attorney to protect themselves from any future claims from their lender or the IRS.

HOW TO AVOID FORECLOSURE?

Facing foreclosure is extremely difficult. Finding hope and solution can be hard when you’re behind with your payments and your lender does not seem provide you with any assistance. There are options and solutions that can help you prevent foreclosure.

Please contact Krystyna Baty at 310.918.5027 or via email at info@isellsouthbay.com for a Free and confidential consultation. Any communication with our team will be kept in strict confidence.

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Filed Under: Selling Tagged With: ca, foreclosure, hermosa beach, home, homeowner, lender, manhattan beach, mortgage, palos verdes, property, redondo beach, selling, short sale, south bay, torrance

Selling Your South Bay Home

January 3, 2012 By Krystyna Baty Leave a Comment

Information for South Bay Home Sellers

For quality service on your next South Bay property sale, consider working with The Krystyna Baty Team at Century 21 Amber Realty. As your seller’s agency we can manage the entire sales process, from listing to negotiations and closing paperwork. We’ll also market your home online so buyers anywhere can easily access it. With our professional assistance, you can relax and get ready to re-invest. Please call (310)918-5027 to schedule Free consulation or to get a Free home evaluation. Below are the highlights of our proven Marketing Plan -

We are committed to selling your property:

For the best possible price
In the shortest period of time so you get where you want to go on time
With the least amount of stress for you

In order to receive top dollar, you need top exposure. Our proven marketing plan provides you with that top exposure.

This includes:

Listing your home on the Multiple Listing Service across Southern California
Assistance in staging your home for a quick and profitable sale
Conduct a multi-channel marketing campaign:
Web Marketing: Because over 80% of buyers start their property search online. It’s particularly true her in the South Bay Los Angeles area where many buyers come form out of state. Your listing will appear on multiple national and international websites to give you 24- hour-exposure. This aggressive online approach will greatly differentiate you from your competition and bring your property exposure to millions of home buyers every month! Strong advertising dollar is consistently spent to give your property maximum exposure on Google, MSN, Yahoo, AOL search engines
Unique website for your home for additional internet exposure and easy access for prospective buyers, such as www.123MainStreet.com
Utilize digital photos and online virtual tours and videos
Consistently email your listing information to local real estate agents and our Team’s entire database of past clients, buyers and sellers.
Conduct print and direct mail advertising
E-cards and flyers to potential buyers
Installation of a “For Sale” sign
Custom property profile flyer
Installation of a lockbox
Public Open House events – exposing your home to potential buyers
Telemarketing to neighbors and potential prospects
Weekly status report
Verbal feedback provided from showings