What is a Short Sale?

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Do you know what a short sale is? It's essentially when you owe more on a home than what it is really worth. For instance, if you owe a bank $200,000 and the home is really only worth $150,000. 

How can I help you in a situation like this? I can help you in communicating with the bank in regards to what your situation is, in order to help them understand what might be happening. 

What I'll also do is ask the bank to re-appraise the home, and if the home appraises out at $150,000, the bank will likely approve of the short sale and that debt will be forgiven. 

In one case, a client of mine had a home that the bank valued at $350,000, but it only sold for $175,000. The bank actually forgave the difference and so it worked out very well.

If you know of anyone that's stuck in a short sale, please refer them to me because I would love to help get them out of that rut.

As always, please consider me as your #1 sources for Grand Rapids real estate!

3 Things You Should Know About Grand Rapids Real Estate

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Buying a Grand Rapids home? Search all homes for sale

Hey everyone, today I wanted to talk to you about 3 things that have been happening lately in Grand Rapids Real Estate. Here they are:

1. It's a hot market right now, but people are paying way too much for homes. If you find a home you want to make an offer on, give me the address. I can analyze it for you and tell you what it's really worth, and what you should be paying for it.

2. Make sure you get the home inspected. I have great inspectors who can check everything from head to toe in your home to make sure it's in proper working condition. 

3. You can't forget the home warranty either. We have partnered with a home warranty company who will cover your home on all major items for 1 year. 

If you are looking to buy or sell in Grand Rapids or know somebody who is, give me a call or send me an email. We look forward to hearing from you!

What Is Your Grand Rapids Home Really Worth?

      

Selling your Grand Rapids home? Get a free home value report

Buying a Grand Rapids home? Search all homes for sale

Hey everyone, thanks for visiting my blog once again. I've met with five homeowners in the last month, who have all given me their Zillow estimates on what their home is worth. I have sold all 5 of those homes, and for quite a bit more than what their Zestimate originally said they would. If you are looking to sell your home, make sure you give me a call so I can come out to take a look at your home and give you its true value. 

One question I've been getting a lot lately is, "What is the best way to buy a foreclosure?" Well, there are a few different kinds, and I have experience with all of them, including HUD homes, VA foreclosures, short sales, and more. If your dream is to buy one of these types of homes, give me a call. I would love to help you with that as I have recently started marketing these types of homes. 

If you have any questions, feel free to reach out to me via phone or email. I look forward to hearing from you!