» Sell Your Home Fast

We Buy Houses Companies Can Help Homeowners

Fri, 14 Oct 2011 18:37:46 +0000

With the economy continuing to struggle unemployment numbers continue to rise many homeowners are struggling.

A lot of homeowners are out of jobs and are struggling to keep up with mortgage payments. Not only that but a large portion of Hudson Valley residents are relocating of the surrounding counties and even out of NY State. This has resulted in many homeowners calling on house buying companies after failing to find a buyer themselves on the open market.

A lot of homeowners who had purchased their properties over the last 6 years now find themselves in a situation where they are no longer capable of making repayments towards their mortgage.

They now feel that selling their property is the best option for them than trying to hold on to it and keep struggling financially. Today Hudson Valley’ homeowners are more concerned about putting food on the table than keeping their obligation to their mortgage lender. Selling can be a much easier solution while finding a rental accommodation or a cheaper property to live in. When people fail to sell their home fast on the open market they start looking for other options and solutions to get their home sold quickly.

A company that buys houses or that offers a variety of real estate solutions to get homeowners home sold fast is the best answer in today’s market.

Home Buying Companies are indeed a creative bunch in today’s’ difficult market. Thinking outside the box and offering a variety of options to selling is key. Simply getting your home sold by listing it with an agent isn’t as easy to achieve as it used to be. In some area’s including our own property values continue to slide downwards, and people fear that they will soon be left in negative equity situation and totally be unable to sell their home. For those that cant afford their mortgage, this leaves them facing foreclosure and looking at the possibility of a short sale.

Paragon Equities offers real real estate solutions and real offers for house sale solutions to all homeowners. If you are a homeowner who needs help in getting your property sold even if you have no equity then give our expert staff a call today – 914-297-6644

sell your home on Craigslist with Zillow

Thu, 30 Jun 2011 23:02:37 +0000

Zillow just released a great new tool for real estate pros and even FSBO’S (for sale by owner) So heads up to all you real estate agents, sellers, property managers and landlords! Besides having your listings and properties on two of the most popular real estate sites (Zillow and Yahoo! Real Estate), you can now get even more exposure for the properties you have for sale by posting to Craigslist too. Zillow just released a great new tool that allows you to take the properties you have on Zillow and enter them on Craigslist with just a few clicks of the mouse. Best of all, it’s free (except for apartment rentals in New York City). Check it out here

Can Selling Your Home to Stop Foreclosure?

Sat, 25 Jun 2011 16:45:40 +0000

Can selling your home stop a foreclosure? Are you having difficulty keeping up with payments? Are worried that you might lose your home because you’re behind on your mortgage payments? Are you concerned about possibly losing your home to foreclosure? It’s okay to be worried however, there are many options available to you that can help stop foreclosure. One way is to apply for a home loan modification – another way may be to actually sell the home in order to avoid a foreclosure. Selling a home is a great way to stop foreclosure, especially if your other alternatives have been exhausted. If you want to sell your home quickly to avoid a potential foreclosure then there are a few things you can do that will really help you.

• Work with a real estate agent. If you are selling to avoid foreclosure then more often than not (especially in today’s market) you are probably upside down on your house. If you’re attempting a short sale then there are no proceeds from the sale and there are really no costs to you as well either. Any attorney fees and commissions are paid by your lender through the short sale negotiations. If you have some equity still in your home it may be tempting to save money by selling as FSBO (For Sale By Owner). However, it will probably sell faster if you work with an agent. Selling a home is all about marketing and your home needs to be marketing where it counts. A good experienced real estate agent can bring these marketing services to the table. A good agent can also get your home on the market fast by leveraging the local multiple listing service.

• Price it right. Pricing is 90% of the reason of why a home sells or doesn’t sell. It is the most important issue and is especially crucial when you’re trying to stop foreclosure. If your home is priced right and shows nicely you should be able to attract buyers quickly. If not continue with an aggressive price reduction strategy to get it sold in a timely manner. Again, it will sell much faster if the price is right – always remember a home is only worth what a willing and able buyer is willing to pay for it.

• The short sale process. Short sales are a great option for many homeowners today. As mentioned earlier folks are finding that they owe more on their homes than it’s worth. The real estate market these days is very challenging for sellers, and a short sale often times is the best option to stop foreclosure. While a short sale can hurt your credit, it’s also a sure way to stop foreclosure and get your lender off your back. The best thing about this process is it gives you more control over the process – you can work with the bank on your terms, to a certain extent. If you are going to consider a short sale make sure you work with an experience agent, negotiator and attorney who can best help and represent you.

If you are struggling to keep up with payments and are facing foreclosure make sure you reach out to your lender. A lot of homeowner’s try avoid them but getting in touch with them may open up other doors to help you stop foreclosure fast. They have a vested interest in helping you avoid foreclosure as well, as they will ultimately lose more money foreclosure than working with you on a short sale.

How to get your lender to stop calling

Wed, 01 Jun 2011 20:49:03 +0000

We always get calls and questions about how to get the banks to stop calling every 3 hours when a homeowner is behind on payments. So we thought we take the time to add this little blog post to help all those homeowners who are getting bombarded with annoying lender calls.

If you are a homeowner is underwater and stopped making payments then you can use this little script in the link below to stop the banks from harassing phone calls about your mortgage.

Homeowner Script<<——–Get it here!

Sell your home first or Buy first?

Thu, 16 Sep 2010 16:06:36 +0000

It’s the classic move up dilemma: Which should you do first, buy the new home or sell the old one? The way you work through that problem will depend on your finances and on local market conditions.

You would be able to sell the house in a world made perfect for the home buyer, but make the deal contingent on your finding a suitable replacement home. In a strong seller’s market where there are many more buyers than homes available for sale then you may get away with it – the current reality of most markets, however, is that they are buyer’s market. So, be sure to get the contingency clause into the sales contract before you sign your acceptance.

Ideally, on a buyer’s market, a better position is to sell first and buy second, which will give you some negotiating clout when purchasing the new home.

If you are in the situation where you need to buy before you sell your current home, you face a very real possibility of having to pay mortgages on both homes for a while… so make sure that you have room in your monthly budget that can can pull it off.

Courtsey of CT Homes

Foreclosures shifting to affluent ZIP codes

Tue, 01 Jun 2010 23:03:40 +0000

Foreclosures are going upscale across the San Diego, Bay Area. Nearly 1,000 homes valued above $730,000 were repossessed by banks in the nine-county region in each of the past two years, according to a Chronicle review of public records compiled by MDA DataQuick, a San Diego research firm. Back in the real estate boom year of 2005, just 42 Bay Area homes valued above $730,000 went into foreclosure; in 2006, the number was 80. Even more striking is the growth of mortgage defaults – the first step in the foreclosure process – in affluent ZIP codes. Mortgage distress has moved upstream in part because of economic conditions such as unemployment and stock losses. Also in play is a different type of risky loan called option ARM (adjustable rate mortgage) that’s just beginning to cause problems.

Experts emphasized that the foreclosure numbers don’t fully reflect the extent of distress at the high end, because for expensive homes, banks are more likely to pursue short sales, in which the homeowner stays put while marketing the home for less than is owed on the mortgage. “Banks take the time on the high end to short-sale properties because they get a higher return and better valuation,” said Pat Lashinsky, CEO of Emeryville’s ZipRealty, a nationwide brokerage. Buyers of high-end homes during the real estate boom years often relied on option ARMs, which allowed them to start off paying just the interest – or even less than the interest, thus adding on to their mortgage balance. Most option ARMs had an initial period of five years before loans recast, causing payments to soar.

Refer Your Short Sales

Wed, 26 May 2010 14:56:26 +0000

Here’s the perfect way for you to PROFIT from all of those short sale deals that you get without doing any of the hard work. This Book will show you exactly how and why you should start outsourcing your short sale deals to investors who have the time, resources, and know how to turn short sales into cash.

Refer Your Short Sales

Short Sales, hire the right professional

Sat, 01 May 2010 15:15:25 +0000

It’s no secret the foreclosure market is at an all time high. And it seems as though more and more properties continue to face home foreclosure.

Short Sales are still a very viable means for avoiding foreclosure. Unfortunately not enough homeowners understand the process and too many ineffective Realtors are avoiding Short Sales.

Therein lies the enigma. In an economy that needs real solutions, those charged with energizing the housing industry are opting out. Many real estate agents simply choose to ignore either side of the table. They don’t know how to successfully represent homeowners and don’t know how to bring in real buyers either.

The homeowner who is entrusting their well being to the “professional” is unaware just how inexperienced and uncaring most real estate agents are. It takes a very well educated real estate agent with a team of professionals to realistically navigate the labyrinth of the short sale process. If you real estate agent says he is going to be negotiating the deal by himself, stay away. Instead try to find an ethical investor or real estate agent with a proven track record, ask for testimonials, and make sure they have experienced negotiators and or attorney’s on their staff….these things cannot be over stated.