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Home Selling in Vallejo : Real Estate Advice

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  • Local Info22
  • Home Buying100
  • Home Selling1
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Activity 7
Thu Mar 31, 2016
Scott Brown answered:
It seems to me that the real estate property values are absolutely affected by whether or not a property is in distress or was in distress and foreclosed upon. The city assessor and their appraiser's will likely not alway agree with each other, so you may try to get a 2nd appraiser to check your specific property. If you wanted to sell your home, you should consider having someone such as myself who knows the ins and outs of home values, sales, marketing and so forth, especially like me who lives and works in Vallejo.

If you're just looking to try to reduce your tax payments, you'll be best advised to speak to a CPA perhaps, and enlist the assistance of a Real Estate Broker & Realtor such as myself who could give you a good idea of your home's true value (with a high and low range, along with a current precise estimate of value).

Feel free to contact me anytime to discuss your questions and I'll be happy to assist.
Scott Brown
707-474-8855
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Thu Oct 3, 2013
Tim Garton answered:
Yes, most short sale banks if they know there is a hardship coming your way but you are current they will honor a short sale at that time. Its a case by case scenario. The short sale banks do not want a strategic defaulter. ... more
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Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
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Wed Apr 13, 2011
Kamal Randhawa answered:
Hello Jwill,

You may qualify for a short sale but buying another home while you are short selling your home may not be a good idea.

One other thing comes to mind is that it takes about 2 years for you to qualify to purchase a new home after a short sale so this may be a somewhat of a sticky situation..

I would be happy to discuss your options with you at your convenience. Please feel free to call or email me if you need further assistance.
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Thu Oct 14, 2010
Paul Winders answered:
The market is not going to get any better in the near future in terms of price. You are not getting as much as you could of for your home as you would a few years ago, but this is also reflected in the price of the Townhouse that you will buy ( and the very low property taxes on it) Some realtors may tell you it is worth more than it is in order to get the listing. because that is what they think you want to hear . Get two or three opinons of value and look at what they do to market your home. A sign and entry into the MLS is not going to do the job. . You NEED agressive marketing . ... more
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Tue Sep 7, 2010
Matthew Goulden answered:
Hi Camryn,

The price you can get for your home is determined by the market and what the buyer is willing to pay, you may not get all your money back. Also when a buyer does come along they will most likely get an appraisal, especially if they need a loan. The market is lower than 2 years ago so you will probably not achieve a price which you had previously turned down. If you need that price then you will have to ride the market until it gets back.

To get it sold you will have to market it so that potential buyers and agents can see it and at a competitive price in your market, the longer its on the market you will historically get less in the end. Selling by yourself is possible but agents do a lot more than just put up a sign and then get paid.
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Wed Mar 4, 2009
Tara Steinke answered:
Hi Mike,

Since you have a legitamate financial hardship you may be eligible for a loan modification on either or both of your properties. The glitch here is in order to get an approved modification you need to be showing some income. I would consult with an attorney or a modification specialist. Many homeowners are looking at your same scenario and there are options out there. You may consider going late on your payments and hopefully in a couple months you will have a new job and can show the income to qualify for the loan mod (especially if it is a lower paying job). Many lenders would rather find a viable option to keep you in the properties than have you headed towards a looming foreclosure.

But, again, I am not a lawyer or loan mod specialist. Definitely seek out some qualified advice.

Best of luck... you are not alone.
Tara

Tara Steinke
San Diego Real Estate Professional
Residential Sales and Appraisal
619-384-6014
mysandiegoagent@gmail.com
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