I Wish I Was A First Time Home Buyer

Yes, I really do wish I was a first time home buyer. Never in our history has it been a better time to buy your first home. With the current depreciation of homes your buying power has never been better. Current home values are as much as 40% less of what they were 4 short years ago. There is also what's known as a "buyers market" going on right now. In other words, you are in the drivers seat as far as what you want in a home and what you would like to pay. There is some bad news though. The $8000 government assistance for first time home buyers will expire at the end of April. With this assistance the government is basically paying your first year of house payments! Also, according to industry sources like Morgan Stanley, interest rates will be rising at the end of March. Morgan Stanley predicts that they will rise to at least 8% while other industry companies are predicting at least 7%. That's why now is the time to buy that first home.
Did you know that 3 years ago there were over 4000 realtors in our area? Last year that number dropped to 1800! Of that 1800 half, 900, only sold 2 homes the whole year. Our team sold over 70 homes in the same time span. Our team has over 45 years of experience and will use that knowledge to market and sell your home. So, if you want to buy that first home, or buy another home, or want to sell your property you need to contact me at 616-719-8680.

Hey, I'm losing my home!

Those few words used to be dreaded by every homeowner who was financially unable to afford their home any longer. But these words are being uttered more and more everyday. Not just by the people who have lost their jobs, but also by the people who have come to realize that they are too far over their heads when it comes to their mortgage. What I mean by that is that they have come to realize that their home is not worth what they paid for it and it's going to be many years until they have the upper hand on their mortgage.
There is good news though. If you are in danger of losing your home you can do what is called a "short sale". What this means is that your mortgage company will allow a buyer to purchase your home for less than what you owe on it. Also, if you can afford your monthly payments but want to downsize this can be an avenue for you as well.
This is a great way to get that nagging feeling of drowning in debt off your back. Also, if you tell your mortgage company you are working on a short sale they will usually stop the foreclosure process. They would rather have you sell your home than take it back. It costs them over $50,000 to foreclose on your home.
If you can relate to either of these situations you need to contact me right away. We at Realty Executives are short sale experts. Let us show you how to take care of this pressing situation in a way that works out best for all involved. Call me at: 616-719-8680