I just moved into McNeil Manor when my neighbor approached me about listing his home. After looking at all of the other listed homes in the neighborhood, I told him to list the property at $250,000. There was a larger home that just recently sold in October for $250,000, and since we are in a declining market, I was a little concerned about the price, but I said "Let's try it. We don't have to accept any offers that you aren't comfortable with."
I took 15 different pictures of the property, posted in on my blog, Facebook, Twitter, Flickr, and many more sites, and generated a lot of buyer interest. Within 1 day of listing the property on the market, we got a full price offer. I was very excited about getting such a strong offer. After a few days of minor negotiations, we accepted the contract and my seller was in escrow. Now, just because you get a full price offer doesn't mean that the property was going to appraise. We see that a lot right now. I met the appraiser at the house and provided her with all of the comparable sales I could find and discussed the market with her. After a few anxious days, the appraisal came back at full value!
As of March 19th, 2010 we successfully closed on 2707 Colanthe Ave with a sales price of $250,000 with no seller concessions. Here are a few pictures of this beautiful home:
This listing generated a lot of buyers interested in living in McNeil Manor. If you are considering selling, please give Felipe Crook a call at 1-866-589-1646. Even if you are completely upside down, my real estate team has a full time short sale negotiator able to negotiate with the banks on your behalf. If you'd like more information about short sales, here are a few resources for you:
How can I keep my home?
This is a question I get all day long. There are some viable loan modification programs and consumer advocacy groups that help struggling home owners. Below are local and national resources to help you stay in your home:
Here are links to important downloads, resource sites and articles concerning short sales, HAFA and HAMP, and alternatives to foreclosure.
To Download this Post as a PDF: Download ShortSaleResourceLinks
HAMP/HAFA
Downloads:
From Realtor.org:
Resources for Short Sales
Alternatives to Foreclosure
Download FTCFactsforConsumers Clearly defines all alternatives to foreclosure - from FTC
https://www.hopenow.com/homeowner-options.php - Hope Now Homeowner Options
Avoid Foreclosure - Help
- RentalForeclosure.com http://www.rentalforeclosure.com/ Tenants can find out if a property is in Foreclosure - NOD file
- Freddie Mac - Working with Your Lender to Avoid Foreclosure
http://www.freddiemac.com/avoidforeclosure/stop_foreclosure.html
- Hope Now - https://www.hopenow.com/ http://www.housinghelpnow.org/ an alliance between counselors, mortgage companies, investors, and other mortgage market participants. This alliance will maximize outreach efforts to homeowners in distress to help them stay in their homes and will create a unified, coordinated plan to reach and help as many homeowners as possible
- Housing Help Now- http://www.housinghelpnow.org/ National Foundation for Credit Counseling
- Home Foreclosure and Debt Cancellation - (IRS.gov)
http://www.irs.gov/newsroom/article/0,,id=174034,00.html
- The Mortgage Forgiveness Debt Relief Act of 2007
http://www.irs.gov/individuals/article/0,,id=179414,00.html
- HUD.gov Avoiding Foreclosure page
http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure
- Foreclosure Prevention Resource Center (Mortgage Bankers Association) - http://www.homeloanlearningcenter.com/YourFinances/ForeclosurePreventionResourceCenter.htm
Nevada Foreclosure Help and Resources
- Nevada Foreclosure Mediation Program - http://www.nevadajudiciary.us/index.php/foreclosuremediation - This program allows homeowners to sit down with mortgage lenders, under the leadership of trained mediators, to discuss alternatives to foreclosure.
- Nevada Foreclosure Help http://foreclosurehelp.nv.gov/ - Useful resources and info from Nevada Department of Business & Industry
- Nevada Hope at Home http://www.nvhopeathome.org/ - collaborative effort between Nevada Public Radio, local nonprofit organizations and local financial institutions to help provide residents in southern Nevada access to reliable, easy-to-find information on the foreclosure crisis in southern Nevada
- Legal Aid Center of Southern Nevada http://www.lacsn.org/go/foreclosures/ - Legal Aid Center of Southern Nevada (LACSN) is a private, non-profit (501 (c) (3)) corporation which is a charitable organization dedicated to providing free community legal services to those in need. LACSN has been providing free legal aid for Clark County's low-income residents since 1958.
- HUD Approved Housing Counseling Agencies - Nevada
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=NV
If you'd like to call me directly, call toll free 1-866-589-1646. There is HOPE!
Felipe Crook
PRudential Americana Group Realtors
Las Vegas, NV 89117
1-866-589-1646
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