Thanks and good luck,
Mortgage Loan Originator
NMLS MLO ID# 145408
E Mortgage Management, LLC
1768 Oregon Pike
Lancaster PA 17601
To guarantee that you sell your house quickly it needs to be priced right and your house needs to be in excellent condition.Make sure that you can handle the financial situation when you sold your house at a realistic price and even a discount. Looking at a time frame of 2-6 month. If the mortgage market changes, what is likely ,the situation might change a lot and you might be stuck with your old house for years..
I sold several houses this year in a week, based on doing the right things .All these owners had pets.
Call me, if you want more help.
Iâ€™d recommend you call Deb Dupler, at Union National Bank at 367-9652, after meeting with a Realtor. Union Nationalâ€™s program used to go to 90% of the listed price, depending on your credit score with a 1 point fee + $500....but youâ€™ll have to see if that still stands. They do a great job with there program, which gives us 6 months to sell your home with the option to extend it for another 6 months if necessary, for a small fee.
They will need us to do a market analysis for them to determine a final loan amount and you'll benefit from discussing what may need to be done in order to get your home ready to sell. A good agent will help you understand what buyers in your price range are looking for, what improvements may be worthwhile, the benefits of staging, show you their marketing timeline and the rest of their arsenal they will use to help you succeed.
Remember, ultimately youâ€™re picking a Realtor that you that has a reputation for honesty with insight into the current economy and how that may impact the marketing of your home. A Bridge Loan product is just a part of a comprehensive marketing strategy for your property; it may or may not be the best option for your family. If you get one part of the marketing plan wrong, it may end of costing you time, frustration and money.
If youâ€™d like some additional thoughts or insight, feel free to call me directly at 717-371-8012, email us anytime at Mark@JacobyGroup.com or visit our website at http://www.JacobyGroup.com
Our team is here to help if you need some more direction.
Mark E. Jacoby-REALTORÂ®, ABR , Team Leader
The Mark Jacoby Group
Coldwell Banker Select Professionals
1000 North Prince Street
Lancaster, PA 17603
A bridge loan can be an excellent way to purchase a new home prior to selling your present one. It would allow you to reach the goals you describe and stage your present home for future sale.
The down side to a bridge loan is that you must financially qualify to own both homes. If you have a mortgage on your current home you would need to be able to make payments on your current mortgage plus the bridge loan payments on the new one. Convenience comes at a price. It in the end it may be well worth it.
It is always better to show a home that is not cluttered and free of pet odors. I suggest you take your pets out while the home is being shown (if they are small pets like hamsters, lizards etc., you could have someone watch them until your home is sold). Get rid of unwanted furniture and knick knacks. It will be easier to dispose of them now rather than later.
If you vacate the home it may have a negative effect, as buyers may assume you are in duress, which could result in said buyer bidding a lower offer.
If I can be any further asistance to you, I can be reached at (717) 615-0430, call or text! You may also send me an e-mail at firstname.lastname@example.org
Depending on your equity position buying without selling can be dangerous in this market. The typical way to do it is to put the contingency on your selling side. So.....you get offers contingent on finding a home. Call me to discuss. Most buyers are willing to wait a little while if they really love your house.
Keep in mind, you're going to have plenty of notice for showings and can always take them with you. There are plenty of options for you. I deal with this issue often.
Bridge loans are much of past
Many lenders MIGHT CONSIDER you approval purchase a home without a bridge loan .
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
I, too, suggest that you contact your lender for advice on a bridge loan, or let me know and I can give you some information regarding some reputable lenders in the area.
Also, here is some information regarding bridge loans...Bridge loans are temporary loans that bridge the gap between the sales price of a new home and a home buyer's new mortgage, in the event the buyer's home has not yet sold. The bridge loan is secured to the buyer's existing home. The funds from the bridge loan are then used as a down payment on the move-up home. Each lender has their own guidelines on how they finance bridge loans.
I am a full-time licensed Realtor and can help you to buy and sell...please let me know if I can be of assistance!
Prudential Homesale Services Group
150 North Pointe Blvd.
Lancaster, PA 17602
(717) 201-0808 cell
(717) 560-9100 office
There are many opetions you can do with your pets and it's advisable to speak to a realtor about those. Many families show with their pets at home, but I understand your concerns.
"Staging your home" is also very important in today's competing market, buyers are very selective in choosing homes & every little extra your can do now will benefit your sale. Removing all the furniture may not be the best option, examining the many different scenarios is important.
I have lots of advice for you! First, most lenders will do bridge loans and you pay on the interest only, so typically amounts are not as high as you would think. I'd be glad to give you names and numbers of lenders.
Sounds like you have a good plan. I suggest that you have a good Realtor (that would be me), help guide you through this process.
Have a great day!
RE/MAX Associates of Lancaster
(717) 577-3251 (direct)