All agents are NOT alike! Find out why I am a top real estate expert. Call me: 630-539-7355.
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Susan wins coveted
Chairman’s Award for 2002, 2003 & 2005 and was in top 40 for years
2005, 2006, and 2007 of approximately 4000 agents! |
 Compare three mortgages at one time.
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Susan Camiliere is one of The Top
Selling Real Estate Experts™
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FORECLOSURE VS. SHORT SALE
Current economic conditions are causing heartache and extreme stress for some local families.
Regardless of the reasons a large percentage of homeowners are in financial distress due to the current real estate market.
Do you know someone who is falling behind on their mortgage payments?
There may be options other than foreclosure or bankruptcy. Foreclosures negatively impact credit, future livelihood and can disrupt a family as well as negatively impact the property values.
These options may include loan modification or a short sale.
What is a Short Sale?
A short sale is a negotiation in which the homeowner qualifies and the mortgage company or companies accept less than the full balance of the loan at closing.
What are some of the benefits of a Short Sale?
•No additional funds required at closing.
•Avoid foreclosure and many times a judgement.
•Preserve your credit.
•Commissions and fees paid by lender.
The Short Sale has been referred to as the 'brain surgery of real estate' and is one of the most important aspects in today's market. CDPE's (Certified Distressed Property Expert) successfully close over 80% of Short Sales nationwide compared to less than 20% represented by a typical Realtor.
Foreclosure
Ineligible for Fannie Mae backed mortgage for 5 years.
Borrower will have to disclose foreclosure on future loan applications.
Credit score may be lowered 250 to over 300 points. Typically will affect score for over 3 years.
Foreclosure will remain as a public record on a credit history for 10 years.
Many employers require credit checks on job applicants and a foreclosure shows on your credit report.
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Short Sale
Eligible for Fannie Mae backed mortgage after only 2 years.
There is no similar declaration or question regarding Short Sale.
Only late payments on mortgage will show and after sale, mortgage will be reported as paid or negotiated. This lowers the score as little as 50 points if all other payments are being made. A Short Sale's effect can be as brief as 12 to 18 months.
A Short Sale is not reported on a credit report.
A Short Sale is not a challenge to finding employment.
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Time is of the essence!
Any homeowner experiencing or expecting financial problems needs to act quickly. Contact Susan Camiliere and her partners to learn more about homeowners consequences and available options to begin the process of eliminating the stress.
$8 BILLION FOR FIRST TIME HOME BUYERS AND
GREEN INCENTIVES
President Obama signed the massive economic stimulus plan into law making the $8,000 home buyer tax credit official!
This plan set aside money for 1st time home buyers as well as incentives for home owners that make energy saving improvements to their home.
How can you benefit?
Following are some of the benefits for the 1st time home buyer or if you are going "GREEN" in your home.
$8,000 Tax Credit
*Available only to first-time home buyers.
*The tax credit is not a loan and does not require repayment.
(If the home is sold within 3 years, then the tax credit must be repaid)
*The credit is available on home purchases between 1/1/2009 and 12/1/2009 and must be a primary residence.
*The tax credit reduces the home buyer's tax liability so if the buyer's liability is less than $8,000, the remaining credit will be issued as a check.
*If you are single and make $75,000 or more, or married and make $150,000 or more, you DO NOT qualify for the tax credit.
Home Energy Credit
*Over $4 billion was allocated for the Home Energy Credit
*A homeowner can recoup up to 30% of the cost of installing energy saving features in their existing home.
*The credit is valid on up to $1,500 of improvements.
*Examples of improvements are energy efficient windows & doors, air conditioning, furnaces and hot water heaters.
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Home Inspections >If It Is Broken Fix It
Most houses have a few "little" problems, like leaking faucets, a stove burner that won't light, or electrical outlets with too much "spark". These defects may not seem very important--unless your house is about to go on the market.
We rarely have difficulty getting sellers to agree to paint, replace worn carpets or plant a few flowers in the front yard. These kinds of repairs obviously increase the overall appeal of the property. However, if any of the major systems in your home need maintenance, it is also prudent to have the necessary repairs made. Have your furnace, central air-conditioning system, plumbing and wiring checked as part of your pre-marketing efforts. The best rule is--if it's broken, fix it!
The purchase agreement requires that a house be conveyed with all the systems in working order, and most buyers will bring in a home inspector to identify any potential problems. During the period of time between the "meeting of the minds" and the removal of the inspection contingencies, the buyers are the most vulnerable to an attack of buyer's remorse. This is also the time when anything that hasn't been repaired could become a major issue.
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| Q |
Where would you go if you wished to stay in the world's most expensive hotel room?
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| A |
The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. |
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- NUMBER1EXPERT™ 
