5 Tips to Buy Short Sales Homes Today in New Jersey

          How to know what to do when you are considering buying a short sale home!

 

The most important details is to make sure you do your own research don't take anyones word get the facts

1. Know your own finances make sure you have an Approval for your mortgage or a letter of proof of funds in writting.
2. Make sure that you to the research on what homes have sold recently and also what homes are under agreement all must be recent. Markets change weekly so get up to date information.
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3. Do not go into any purchase agreement based on emotions make your decisions based on facts.  
4. Once you find Properties always more than one that fit into your list the list is your NEEDS, WANTS and DESIRES this is very important. Make sure you have a few homes that fit into these details.
5. Remember NEVER EVER show any emotions for any homes this must not be present when you are considering any home. Think like a business person in business nothing is personal it's all business.

When moving forward always make sure that the person that is working for you is in fact working for you. Always have your side and the sellers side this way you can be assured that everything is equal. Banks and Sellers are not your friend you are the person that is going to help them out of a jamb

 

For more details go to http://njhothomedeals.com

Tim Robbins

 

Posted via web from njhomes's posterous

Should I Short Sell MyHome

Should I Short Sell MyHome Want to know about Short Sales Watch This Video

HAFA Short Sale Program Sell Your Home Fast in this Real Estate Market

Save Someone Today Short Sales are NOT just for homeowners who are behind in their payments Get My New Book "Should I short Sell My Home" How Homeowners can survive the worst Real Estate Market in History. I want to Give You a Free Copy http://bankreponj.com

Stategic Defaults Are on the Rise Is it Right For You

If you are looking at your home and the Value is thousands of dollars less than what you paid like many Americans than a Strategic Plan to walk away maybe the best Option. This a Stategic Decision you need to make as a business move not a personal one. Watch this Video

http://www.cbsnews.com/video/watch/?id=6470184n&tag=api

Great Home in a Great Location With Views of the Water

HAFA Short Sale Program Sell Your Home Fast in this Real Estate Market

Should I Short Sell MyHome

Should I Short Sell MyHome

New Book Released 'Should I Short Sell My Home

In the worst Real Estate Market in History most people are trying figure out where they are with their home. The fact is 87% of all homeowners are underwater in their homes.

Now this does not mean that all of them are in trouble, what it does mean they are making payments on Homes that they cannot sell or refinance. If you puchase a home in the late 90's or 2000's when prices where climbing faster Jack's Bean Stalk grew you are most likely would of these people who are paying huge mortgage payments for a home that maybe worth half of what it cost you to buy.

The first thing people need to know is the a Short Sale is Not just for people who are behind in mortgage payments. In fact if someone tells you to get late on payments run away from them.

Many homeowners who are not behind in their mortgages are selling short sale and actually going out and buying another home. Here's the deal; unlike a foreclosure that is placed on your credit report first as 30, 60 90 120 days late when the bank takes back your home it will also show as a foreclosure. Now this is not over here, you could also be hit with a judgement for the difference of what you owe and what it sold. Ie. Difficency judgement.

Where as a Short Sale especially if you are on time with your payments shows up as paid and does not lower your credit score 300 to 400 points.

So if you are wondering the difference if you home goes to foreclosure you will not be able to get a new mortgage for 5-7 years. If you have a short sale You maybe able to go out and buy a new home right away or within 15 months.

Now as you may know that market is changing everyday and these numbers and times could change any day but for now think Short Sale it will help in the long run For more details get a Free Copy of " Should I Short Sell My Home" How to survive the worst Real Estate Market in History written by Real Estate Experts Tim and Julie Harris and Tim Robbins

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