Category Archives for "Short Sale Homes in Temecula CA"

Do You Really Need a Temecula Short Sale Expert to Sell Your Home?

Selling your short sale without added stress!

As the last step before a foreclosure, short sales can become an anxiety-inducing event in a person’s life. Just imagine how much time and money was spent on purchasing that dream home – only to end up having it listed under Temecula short sales.

Simply put, a short sale is when the seller needs to unload a real estate property for a price that’s lower than the amount needed to cover the mortgage.

It’s the last step before a foreclosure and while it’s not an ideal situation to be in, it’s definitely smarter than declaring bankruptcy.

Homeowners resort to short sales due to various personal financial difficulties. But no matter what type of situation your credit is in, you can definitely score an excellent deal on a short sale – you just need to know more about the entire short sale home-selling process.

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What are the advantages of a short sale?

For buyers, purchasing a property on short sale is a great way to get your dream home at a much lower price. Sure, the entire home buying process takes way longer in comparison to buying a Temecula home for sale, but the price is definitely worth the longer wait time.

For sellers, short sales help protect your credit, prevent a foreclosure, save money on closing costs, and allow you and your family to stay on the property until the sale is completed.

Put my years of experience to work – here’s why you need my help as a Temecula short sale expert:

You will learn more about the entire short sale process.

As an experienced agent in short sales, I can help you get familiarized with all the industry jargon and other technicalities that you won’t be able to find anywhere online.

I can help make things simpler for you and your family to understand clearly the steps a seller of a short sale property undertakes.

You don’t have to spend all time in meeting potential buyers.

One of the tasks of a short sale agent is to meet with the possible buyers and their respective agents. Spend more time with your family by having someone else help you take care of the open houses and talking to buyers.

Your real estate agent will go to meetings with lenders with you.

It’s definitely not an easy task meeting with bank people who speak a different kind of industry jargon than you. Having a licensed California real estate agent who’s also an expert in Temecula short sales can help ease up any possibly stressful meetings.

Enjoy a worry-free short sale process.

We will be more than willing to handle all the selling stress for you. We have years of experience under our belts. It’s our responsibility to ensure that our clients are free of any unnecessary stress when selling a home.

If you need help in selling or buying Temecula short sale properties and don’t know where to start, go to: www.Temecula-ShortSaleAgents.com.

Call me, Sidney Kutchuk, at 951-217-6745 to schedule a confidential interview to go over your specific situation and to see if you qualify to sell your Temecula property as a short sale. We hold your information in strict confidentiality.

In case you can not view this video here, please click the link below to view Do You Really Need a Temecula Short Sale Expert to Sell Your Home? on my YouTube channel: https://youtu.be/WqeWg-KyW1c

Expert Selling Tips from a Temecula Short Sale Agent

Should you short sale your home?

Most sellers can easily get confused with short sales. What exactly is it and will you get any benefits from it? Let’s break it down.

If you’re putting your home up for sale and it doesn’t get a high enough offer to cover your mortgage, but you need to unload that property so you take that low offer. Simply put, a short sale is when you end up “short” on paying back your mortgage and your bank agrees to accept an amount that’s less than what you owe on your loan.

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Most of the time, homeowners are pushed into short sales due to personal financial difficulties which makes it impossible for them to pay their monthly mortgage.

It’s hardly an ideal situation to be in, but it is definitely smarter than allowing yourself to declare bankruptcy or foreclosure on your property.

What are the benefits of a Temecula short sale?

  • Short sales allow you to stay in the property until the completion of the sale. Foreclosures, on the other hand, force you and your family to evacuate the premises immediately.
  • Short sales do less damage to your credit report than foreclosures. In a few years’ time, you might even be able to apply for a mortgage and purchase a new home for sale.
  • You will not incur any closing costs in a short sale. The bank will foot the entire bill once the sale is closed.

As a Temecula short sale expert, here’s where I can help you. Put my years of experience to work for you!

Here are the top 3 tips to secure a successful short sale:

  1. Understand the potential consequences of a short sale.

Some home sellers are so eager to let go of the property that they don’t think about what happens after they close the sale. Laws vary by state, but there are a lot of states that allow lenders to go after the balance that is left on the loan after the sale.

While lenders are not obliged to approve Home Affordable Foreclosure Alternatives (HAFA) short sales, this is one way to avoid a deficiency judgment. Through this HAFA federal program, lenders release the borrower from any potential deficiency judgment.

  1. Apart from working with a trusted REALTOR®, you also need to talk to a real estate lawyer.

A short sale is time-consuming. It can take months to close. While I can help you with the entire selling process, as a real estate expert, I suggest that you discuss legal matters such as the potential tax implications, protecting your other assets in the future, and more with a trusted lawyer.

  1. Keep up with you Homeowner’s Association dues.

You do not want your property to look like a foreclosure. As such, it is important for your home to be properly maintained, if you would be putting this up on short sale.

Don’t stop paying your homeowner’s association dues or condo dues. You don’t want this to hinder the buyer from purchasing the property just because of the unpaid dues he or she has to shoulder after the sale, do you?

If you need help in selling or buying Temecula short sale properties and don’t know where to start, simply visit www.Temecula-ShortSaleAgents.com.

Call me, Sidney Kutchuk, at 951-217-6745 so we can schedule an appointment today!