As reported in a Realtor News article from their Source: The Wall Street Journal, Ruth Simon and James R. Hagerty (11/24/2009), more than 23 percent of people with mortgages owe more on their properties than they are worth, according to a report released Tuesday by research firm First American CoreLogic.Another 2.3 million homeowners are within 5 percent of being underwater, bringing the total of those who are upside down or close to it to about 28 percent.

About 5.3 million U.S. households have mortgages that are at least 20 percent higher than their home’s value, the First American report says. Borrowers owing more than 120 percent of their home’s value are the most likely to default, First American calculates.

The majority of underwater mortgages are in the following states:

Nevada: 65 percent of homeowners are underwater

Arizona: 48 percent

Florida: 45 percent

Michigan: 37 percent

California: 35 percent

The report also notes that most U.S. homeowners have home equity, and nearly 24 million owner-occupied homes don’t have any mortgage at all, according to the U.S. Census Bureau.

If you, or someone you know, is underwater and wants to know what their options are tell them to call us…..650-773-4999 or go to www.avoidforeclosuresanmateo.com  We want to help.

 

For the last 5 days we have been honing our skills and increasing our knowledge at the National Association of Realtors convention in San Diego. Staying current for our clients is our most important goal.  

Nov

22

I’ve just sold a Resale - single family property at 419 Princeton Rd in San Mateo. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Nov

22

I’ve just sold a Resale - single family property at 419 Princeton Rd in San Mateo. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Nov

22

I’ve just sold a Resale - single family property at 419 Princeton Rd in San Mateo. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

You’re invited to have your child’s car safety seat checked! Certified technicians will make sure your child’s safety seat is safe and installed correctly in your vehicle, free of charge. When:  10 a.m. to 12 Noon, Saturday, November 14 Where: 1600 Floribunda Ave., Hillsborough, CA 94010, Hillsborough Town Hall Parking Lot

Of course the answer is no…you really don’t ‘have’ to, but….as a seller you want your home to sell quickly and for the best possible price.  The key to making that happen is first, to price your home competitively, and then, make the best possible first impression on a potential buyer – realizing that in the current market, buyers have lots and lots of inventory to choose from.

Effective staging begins with the mindset that once your home is on the market, it’s no longer really “yours.”  Potential buyers want to walk in and picture themselves in your home.  They don’t want to see your family pictures, evidence of your travels and your hobbies, and certainly not your clutter. Anytime I begin the process of helping sellers stage a home, I recognize that they’ve probably spent several years decorating and filling it with their unique tastes in furniture and home décor to make it home their own. Sometimes staging requires undoing some of that. 

Keep in mind that staging starts at the street, if a buyer were to drive by your home, what would their first impression be? Make sure your landscaping is inviting. Paint and plants are key to curb appeal. Trim trees and shrubs so that would-be buyers can see your home clearly, and it looks like it has been well maintained.  As for your home’s interior: embrace the 3Ps – 2Fs Formula: plantings, paint, pictures, fixtures and furnishings.

The entrance to your home says a lot. Be sure to make this first impression a pleasant one. The proverbial “Welcome Mat” is a great start. As the buyer moves into the other areas of your home, the most important thing that you can do is to make sure that you’ve removed all clutter, and cleaned out your closets.

Especially if you live in a small home, you want to convey that there is plenty of room, and clutter conveys the opposite message. This can mean taking down any personal photos, rearranging or removing furniture to increase the feel of spaciousness, or simply exchanging any unnecessary knick-knacks for candles, books, or other simple items that don’t draw too much attention to themselves. I’ve heard some of my previous clients describe living in a staged home as “hotel living.”

Staging is simply an act of accentuating the value of your home based on first impressions.  While it might seem time consuming on the front end, chances are that a well-staged home will sell quicker and help you to get where you want to be much sooner.

President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. 

In order to qualify for the Federal Government’s FTHBr credit, you must close by November 30th, 2009.  Guess what?  This is the Monday after the Thanksgiving Holiday weekend.  Wow, how messy is that going to be?  If you miss the date by one day you do not qualify.We highly recommend that you are still thinking about buying that you submit your offers with a November 19th or November 20th closing date.  Anything after that is likely to get very stressful and you may not make the deadline. 

On October 11, 2009 at 14:00 PM, you are invited to an Open House at 419 Princeton Rd in San Mateo. If you are looking for a Resale - single family property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Resale - single family property, check out my site at marydmurphy.topproducerwebsite.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

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