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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 919-201-4361.
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Thank you Deborah
Thank you Deborah for all your help and for your friendship and the gift certificate for our new home.
Thanks,Sonny, Vivian, Shea & Scott Custar
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A short sale occurs when a home owner is in foreclosure but before the property goes to public auction. Under a short sale a lender must agree to accept less than the amount that is owed on the property. In other words, the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.
The short sale typically is executed to prevent a home foreclosure, but the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property.
Unlike a foreclosue, investors typically buy the home for even less because investors are not paying off the existing loan nor making up the back payments. Investors are striking a deal with the existing lender to take less than what the lender has coming to avoid dealing with a foreclosure.
In short, a short sale is a workout option that allows the homeowner (mortgagor) to sell the home for less than the total amount owed on the mortgage. Upon final approval, a short sale can help mortgagors avoid foreclosure action. Although there will still be an impact to the mortgagor's credit history, the effect will be less than if the foreclosure had occurred. The mortgagor's credit report will be noted as follows: "Settled for amount less than owed."
Unfortunately the economy has caused the need for short sales and they can be found as you look for homes and commercial properties in Raleigh, Wake Forest, Garner and outer lying areas such as Cary, Durham, Louisburg, Morrisville and other areas. 
Bargain Properties >Diamonds in the Rough
There are a lot of "diamonds in the rough" for sale. A property with incredible potential may be in a great location, have large sunny rooms and a big yard, but it may also have dated wall paper, worn carpeting, and uninspired bathrooms. If you can look beyond the surface, you may see a house that could be transformed by a little "elbow grease", paint, and new carpets.
A house that is structurally sound with all the systems in good condition may be only a few cosmetic repairs away from being fantastic! A home that does not show well is usually priced accordingly. If the price doesn't reflect the condition of the house, the seller may be more willing to negotiate than a seller who has made a considerable investment in preparing a home for the market.
Bring your imagination with you on your next house hunting trip! You may be pleasantly surprised to find a diamond in the rough.
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| Q |
What is a "smart home"?
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| A |
A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies. |
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Deborah McCrae
World Properties International- McCrae Realty
7625 Kensington Manor Lane
Wake Forest, NC 27587
919-201-4361
Fax: 866-251-1948
deborahmccrae@NUMBER1EXPERT.com
Licensed in 1999, I, Deborah Georgetta McCrae have 10 years of successful residential and commercial real estate experience after having been a State of North Carolina employee for 19 years. I began working with Coldwell Banker Howard Perry & Walston always achieving Top Producer level, and in 2005 achieved the International President’s Elite Award, which was the second highest level one could earn.
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