In today’s changing market, you need to distinguish your home from the rest. The Homebuyer Ready program from Coldwell Banker® provides a win-win situation for both buyers and sellers. Plus, it gives your home a clear advantage over comparable homes in your market.

Unique in the real estate market, Homebuyer Ready makes homes more appealing for buyers by providing more information about the property for sale up front. This way, there are no surprises for you or the buyer.

A pre-inspection, market analysis and title search are all completed before you enter into negotiations. The result? More potential buyers — and a smoother and simpler way to sell your property quicker.

Why invest in making your home Homebuyer Ready?

Everyone agrees the market is changing. Homes are taking longer to sell — yet the homes that provide the best value are more likely to move quickly. Homebuyer Ready gives you a way to stand out from comparable homes in your area.

Many people spend money fixing up their homes before putting them on the market. With Homebuyer Ready, you can increase the value of your home in the eyes of prospective buyers for a relatively small investment.

How do you make your home Homebuyer Ready?

Tara Skinner, Your local Coldwell Banker Sales Associate will assist you in completing all the necessary steps to qualify your home as Homebuyer Ready. We’ll recommend and contact preferred companies you select to help you complete a:

• Home pre-inspection

• Market analysis

• Title search and report

• Home warranty

• Seller’s disclosure statement

Getting your home inspected.

The first step is to arrange for a home pre-inspection. This will help to get a start on any inspections the lender will require. It should include the procedures that are typical for your area, such as a structural pest inspection, a roof inspection or a complete home inspection by a qualified inspector.

Once the pre-inspection is completed, we’ll help you take care of any corrective work as soon as possible so that the inspection certifications can be highlighted as benefits in advertising and promotion.

Should there be any outstanding items, they will be fully represented in the Seller’s Disclosure Statement.

The message to buyers is clear — you’re confident in your home and the value it represents.

Getting your best price through market analysis.

We will conduct a market analysis on your property. This in-depth report will tell you what comparable homes in the area have sold for. It factors in specific details of your home, like granite counter tops or a pool, along with the latest market conditions. Together, we will use it to determine the best asking price for your home. And it will also be used to show buyers what a good value your property represents.

A clear title report — one less obstacle to closing.

By doing the title search before negotiations, you’ve eliminated a common obstacle to closing. A clear title report builds confidence. And by allowing buyers to inspect the Preliminary Title Report before they make an offer, they are aware of any issues such as easements or special conditions and restrictions up front.

The security of a home warranty.

Home warranties have become an important and popular ingredient among homebuyers. A comprehensive home warranty plan typically provides repair-or-replace coverage for major home systems and built-in appliances during the listing period and for one full year from time of closing. A warranty can help avoid after-sale problems and can give a property a powerful marketing advantage over homes that do not offer one.

The seller’s disclosure statement.

Today’s homebuyers expect complete, candid, accurate information on the properties they buy. The days of “buyer beware” are in the past, and in recent years many states have embraced the concept of full written disclosure by the sellers. Wherever seller disclosure is being practiced, sellers have come to accept it as a way to protect their own interests and avoid potential after-sale problems and litigation.

This statement is automatically part of the Homebuyer Ready program. In areas where written disclosure isn’t yet a requirement, it gives your property a distinct marketing advantage helps to protect the interests of both the buyers and the sellers.

A comprehensive plan to sell your home.

In addition to the marketing support we offer every seller, we’ll aggressively promote your house with:

• A distinctive Coldwell Banker® Homebuyer Ready yard sign rider to call attention

to the unique status of your home

• Advertising with a Homebuyer Ready designation

• A special Seller’s Marketing Packet

• A listing on coldwellbanker.com, displaying the Homebuyer Ready designation

These additional efforts, combined with yours, will attract selective buyers. Buyers who are attracted by the extra value you bring to the table. And together, we’ll get the best price possible.


 


Request Home Evaluation




Please complete and submit the following Online Home Evaluation form. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential.

To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person.
   
First Name: 
Last Name: 
Email: 
Phone: 
Address: 
Postal/Zip Code: 
Year Built: 
Size: 
Bedrooms:     Bathrooms: 
Has Suite: 
Garage: 
  Type:     
Basement Type: 
Development:
Notes: 
Please describe any special features and recent upgrades.
For example: age of carpet & lino, type of kitchen cabinets, property backs park. List major renovations in recent years, etc.
* * Maximum of 1000 characters

When are you planning to move?
Required Field


   



   

 


These home selling reports will assist you in answering the many questions that arise during the home selling process.  When you're armed with the right information, and an experienced real estate professional, you'll be closer to reaching your goal - selling your home fast, and for the best price.

Please contact me if you have any questions about selling your home.     



Comparison Flowchart for Loss Mitigation Scenarios

Find out the difference between Short Sales, Foreclosures, Loan Modifications and Deed in Lieu. Answers to frequently asked questions.

Common Selling Mistakes

Learn the top nine selling mistakes, and what steps you can take to avoid them.

Selling Your Home

Remember what first attracted you to your house when you bought it? What excited you about its most appealing features? Now that you're selling your home, you'll need to look at it as if you were buying it all over again.

Surviving the Sale

Getting a good price for your home is important, but minimizing stress and simplifying the selling process can be just as essential.

The Right Selling Price

When you’re selling your home, the price you set is a critical factor in the return you’ll receive. Learn several factors to base the assessment of your home.



 

 

 

What to Do When the Sale Price Leaves You Short

If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

 

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:

Your property is worth less than the total mortgage you owe on it.

You have a financial hardship, such as a job loss or major medical bills.

You have contacted your lender and it is willing to entertain a short sale.

 

2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Tara Skinner has been doing short sales since 2005. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest. Tara can:

Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).

Help you set an appropriate listing price for your home, market the home, and get it sold.

Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).

Ease the process of working with your lender or lenders.

Negotiate the contract with the buyers.

Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

 

3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include: 

A hardship letter detailing your financial situation and why you need the short sale

A copy of the purchase contract and listing agreement

Proof of your income and assets

Copies of your federal income tax returns for the past two years

 

4. Prepare buyers for a lengthy waiting period. Even if you're well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say:

If you have only one mortgage, the review can take about two months.

With a first and second mortgage with the same lender, the review can take about three months.

With two or more mortgages with different lenders, it can take four months or longer.

When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional, with your authorization, can work your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)

 

5. Don't expect a short sale to solve your financial problems. Even if your lender does approve the short sale, it may not be the end of all your financial woes. Here are some things to keep in mind:

You may be asked by your lender to sign a promissory note agreeing to pay back the amount of your loan not paid off by the short sale. If your financial hardship is permanent and you can’t pay back the balance, talk with your real estate attorney about your options.

Any amount of your mortgage that is forgiven by your lender is typically considered income, and you may have to pay taxes on that amount. Under a temporary measure passed in 2007, the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act, homeowners can exclude debt forgiveness on their federal tax returns from income for loans discharged in calendar years 2007 through 2012. Be sure to consult your real estate attorney and your accountant to see whether you qualify.

Having a portion of your debt forgiven may have an adverse effect on your credit score. However, a short sale will impact your credit score less than foreclosure and bankruptcy.

 

 

 

Home  |   Search Local MLS  |  Foreclosures  |  Buying  |  Selling   |  Calculators  |  Eco-Living  |  About Tara
 
Privacy Policy  |  Site Map  |  Links  |  For Agents  |  Profile  |  Login

©2006-2010 Coldwell Banker Real Estate Now