Tag Archives: housing market

Is the Short Sale Right for You?

Despite the downsides, the reality is that sometimes you have to sell your home even in a bad housing market. One result of this mark is the increasing popularity of the short sale. What is a short sale? Well, there are two applications for the definition. In the first, you are selling your home for less than you paid or for less than what you have remaining on your mortgage. You are in negative equity. It doesn’t seem fair, but if you purchased your home in the last two to five years, and need to sell it today, this negative … Continue reading →

The Housing Market and Home Equity

Home sellers are spooked by the lowering prices of their homes. While homes on the market may still get some interest, it is not good. If an offer does come in, it is usually a low ball one. This is due to at least three reasons. One, the busted housing market is all over the news, so home buyers know that they have a lot of power; two, there is a lot of inventory out there, so buyers feel confident that if they walk away there will be many other homes to buy; three, buyers are concerned with the rising … Continue reading →

Setting the Price of Your Home

One of the biggest issues in today’s real estate market is how to set the price of your home when it comes time to sell. During the boom, you could ask for the sky, and chances are that bidding wars would bring you the moon as well. Today, that isn’t the case. Here are some tips to help you set the price of your home before you put it on the market. First let’s talk about the real estate agent or broker. Contact at least three different agents and ask them to do a market analysis on the price of … Continue reading →