HH - Questions & Answers

Here are several of the most common questions we hear and we invite you to use the form at the bottom of the page to ask your own.

Question 1:	What is all the "Buzz" about REO's?
REO properties are bank owned properties and can be an excellent choice for buyers in today's market. Contact us today to receive email details of the REO homes available in your area. If you are a bank Asset Manager contact us today to see samples of the marketing we use to get these homes SOLD!

Question 2:	What is a Short Sale?
A short sale occurs when a mortgage servicer agrees to accept less than they are owed for an outstanding debt or loan. Lenders are not in the business of taking losses so this is something for which the seller will need to qualify. Tax Returns, Bank Statements and a Hardship Letter are required to be sent to the lender's asset manager. Call us today to learn more about the process.

Question 3:

What is the first step in buying a home?

Talk to a lender and get pre-qualified. In fact, it is even better to get approved for the loan. This will allow you to know the right price range for your new home and to become fully educated on your loan options. If there are negative things on your credit it allows you the time to address them, which may actually raise the credit score. There are so many different loan options in today's market and a knowledgeable loan officer can explain all of these options (basically help you to compare apples to apples), their ramification and help you to choose the one that will meet your long term goals.

Question 4:

What is a home worth?

The correct selling price for a home is the price the market will bear and can be produced by a willing, ready and able buyer. This can be influenced by many factors and information on similar homes that are currently: Active (Your Competition), Pending (Under Contract), Sold (Within the last 6 months) and Expired (Didn't Sell). These factors, along with understanding the trends in the market will help to establish a selling price that is in line with current market values. It is important that both Sellers and Buyers get a CMA on a property.

Question 5:

How do I know a home is solid and worth my hard earned money?

A CMA (Comparative Market Analysis) and knowledge of your Realtor® will allow you to know that a home is priced correctly. A lender will help structure the right loan for you. A home inspection by a skilled home inspector will answer many questions and allow you to get the “inside scoop” on a property. As not all inspectors, lenders or Realtors® are equal and it is important to make sure your home buying team is competent and watching out for your best interests

Question 6:	There are so many houses on the market. How do I go about finding the right one?
Contact us today to create a customized automated home search that includes the items that are of importance to you. Then you will receive email updates as new homes come onto the market that meet your criteria. We can show and represent you in any home on the market. We also have knowledge of homes that are not yet on the market that can be seen without the competition of other buyers.

We are ready to answer any other questions you may have. Give us a call or Email your Question Today!

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Here are several of the most common questions we hear and we invite you to use the form at the bottom of the page to ask your own.

Question 1:

What is all the "Buzz" about REO's?

Question 2:

What is a Short Sale?