I want to sell my Clearwater home but I’m Upside down on my Mortgage – now what?
Clearwater Florida -The first thing Clearwater home sellers need to know in this real estate market is “What’s my home worth right now?”. Our experience shows it all depends on where YOU live. Please ask for a FREE Comparable Market Analysis Report on your home so you can see what homes are actually selling for now in your neighborhood! No obligation, of course.
Unfortunately, Clearwater home sellers today are finding that Tampa Bay homes are currently selling for what they were back in 2004. If you bought your property in the last 5 years or utilized your home’s equity you may owe more on your home than it will appraise for which means selling for what you owe in today’s market almost impossible.
So what do you do when you need to sell your home and find yourself saying:
- I’m upside down on your mortgage
- I have negative equity in my house
- I owe more than my house is worth
- I’m facing foreclosure
- I’m unable to make my mortgage payments
- I’m getting Divorced
- I’ve lost my Job
- I’m relocating and moving away
- My adjustable rate mortgage is adjusting
If you find yourself in any of these situations we recommend that you find out all your options and please don’t be like 90% of home owners in pre-foreclosure who do not ask for help to negotiate a Short Sale with their bank(s), and to sell their home before the bank forecloses. This is not a time to just “hope things will get better” or bury your head in the sand or worse yet, operate from misinformation.
What is a Short Sale and How can it Help?
Basically, a Short Sale occurs when your home is worth less than the loans owed on the house (first and sometimes a second mortgage), and the bank(s) agree to let you sell your home BEFORE the bank forecloses and takes your property.
A short sale is where we negotiate with your bank and they agree to accept less than the actual amount you owe as payment in full, allowing you and the banks to avoid costly foreclosures. Realize you do NOT always have to be behind in mortgage payments to do a short sale. When the home sells the bank pays us a commission on your behalf for our services. You, as the home seller don’t pay us anything! A Short Sale proves to be a “win-win” solution for everyone involved.
Realize that the Short Sale is just one option the bank may choose when dealing with the situation. I repeat, the bank may choose – Yes, it is the bank’s choice and not yours! I won’t cover all of these options, but if you decide to have us sell your Clearwater property, we will work with you and your bank in an effort to get a short sale approved.
Clearwater Home Seller asks Can’t I just give the Keys Back to the Bank?
We understand the stress you’re feeling and the pressure these financial burdens are causing on you and your family, recently we helped a Tampa Bay family who felt the same way and they needed to sell their home quickly. They asked us for a no obligation CMA and they found out they owed at least $50,000 more on their home than their property would sell for today. Imagine their disappointment.
Frustrated and feeling at their wits end they’d never been in a situation like this before – they hadn’t missed any payments but they felt like it was just going to be a matter of time. They actually said they were ready to give up and just “give the house back to the bank” – this is one of the biggest myths out there. Please let us explain to you why this is a HUGE mistake! Thankfully this family agreed to take the time to meet with us so we could learn about personal situation and we were able to give them our advice based on our experience and their specific needs and help them determine their best options based on their goals.
The good news is that they decided to pursue a short sale and found we were able to successfully negotiate with their bank and help them quickly sell their home, getting rid of this heavy financial burden (which was staining their marriage). Now they are able to move forward to a new job in another state while having the whole short sale process go smoothly and stress-free.
Their bank even agreed to forgive the shortfall (deficiency) and paid all fees associated with our services giving them a fresh start. If you discover your best option is to sell your home and you owe more than your home is worth we recommend you choose Clearwater Realtors like us, that specialize in short sales and have the skills to help you remove this heavy financial burden from you and your family now.
Please know you’re not alone, a lot of Clearwater home owners are having financial problems today and these are just a few of the most common problems we hear about from friends, family and neighbors like you who call us to help them sell their home. We find many of these people have read or heard about a short sale and do not understand what this means, how a short sale occurs, and the ramifications.
It’s worth mentioning that we are not attorneys or accountants, and we highly recommend you talk to both an attorney and an accountant to receive their professional advice on how to proceed as one of the very first step you take.
Do You Need Sell Your Clearwater Home Now?
Again – if bears repeating – Please don’t be like 90% of home owners in pre-foreclosure who do not ask for help to negotiate a Short Sale with their bank(s), and to sell their home before the bank forecloses.
- Act now!
- Be proactive!
- Get professional advice Today with no pressure!
- Don’t go down with a sinking ship!
Call us now and let us know what you need help with today! – 727-710-8036.
Call us to schedule a FREE private consultation to fully understand your options (no pressure no hassles – guaranteed). Many home sellers are now understanding that a short sale is the option they’ve been looking for.
We have built our Tampa Bay real estate business from the beginning on helping home buyers and home sellers in our community like you.
Our personal mission is to be part of the solution – using our negotiating skills along with our short sale and marketing expertise to successfully sell your home and negotiate a short sale for you if needed.
We have the specific knowledge and skills needed to acheive your goals in this Clearwater real estate market. We will aggressively market your home to get a fast sale, and work very hard to get rid of your headaches and help make the deal go as smoothly as possible.
We have helped many home owners sell their Clearwater homes, quickly and painlessly even in this difficult real estate market. One of our clients who’s bought and sold lots of homes in Pinellas County even dubbed us the “painless Realtors”.
In fact, like the seller above says, we may already have a buyer for your property too because we understand that over 84% of home buyers today are finding their next house on the internet which is why when you use our Wise Home Selling Plan we make sure they are seeing your home first.
Looking to Buy a Clearwater Home?
If you want to buy a house in the Clearwater Florida area- we’ve made it fast and easy for you to search all the Clearwater homes for sale . Search just like a Clearwater Realtors and see all the properties being sold by all Clearwater Real Estate agents.
Enjoy our fully customizable search of complete Clearwater MLS (multiple listing service) of single family homes, condos, villas and townhomes. We also specialize in helping you buy Clearwater real estate.
Whether you are buying or selling a home in Clearwater / St Petersburg / Tampa Bay –
We are here to help you – Give us a Call today! – 727-710-8036.
Currently 5 Comments »|
Dunedin Florida – If you are looking to purchase Dunedin real estate that offers you the most flexibility you’ll love this potential investment property. This is a duplex home you can live in and / or have the option to rent it and generate rental income to help pay the expenses. Many buyers call us looking to buy Tampa Bay properties that will break even. It is not typical here in the Tampa Bay area, however, if you’re looking for a property that can cash flow this is one that I believe has the potential to do so – it’s definitely worth taking a look at.
This Dunedin duplex home for sale which is a rare find since it is in a popular residential area and actually much looks like a single family.
It offers all of the benefits of a income generating duplex and none of the sterotypes. It is in a great location close to Clearwater, Countryside Mall, Mease Hospital and less than 2 miles onto US 19 for easy access to North and South Pinellas County as well as downtown Tampa.
Dunedin Real Estate – Rental Income Property
One side of this duplex home is producing $895/month in rental income now and this duplex home for sale is attractive at an asking price of $199,900. Here is the detailed description of this prime Dunedin real estate:
- Two unit Duplex with 2-bedrooms and 2-baths
- Each unit has a 1 car garage – rare find
- Each unit has a large screened porch
- Central air conditioning and heat.
- Lot measures 90 x 120 – large yard for pets
- No homeowners association rules
- 2006 Taxes were $3,852
- Built in 1972
- Master bath has tub and shower
- Tile and wall-to-wall carpet
- Eat-in kitchen with pantry
- Total square feet – 1,948
- Great room plan
- Range, and refrigerator included
- New roof in 2005
- Blinds and shades
- Public water and sewer
- Has an attic for extra storage
- Concrete block construction with shingle roof
- Treed lot.
This Dunedin Florida duplex is conveniently located near shopping, beaches, and major highways. Each unit has an open floor plan, 2-bedrooms and 1-bath inside with a second bath in the garage.
Dunedin Florida Real Estate
Are you looking to buy Dunedin real estate? A Home, Duplex or Tampa Bay Condo? Begin you search of the Tampa Bay MLS now or call us today at (727) 710-8036.
Here’s what some of our past clients have to say about how we helped them….
** CLICK ON PHOTOS BELOW TO SEE CLIENT VIDEO TESTIMONIALS **
Buyers tell us that selecting a Tampa Real Estate Agents especially online or from a distance, can be a challenge. Some of our past clients agreed to share their experiences and tell you why they think you should work with us.
We can help you buy or sell a home or condo in Clearwater | Clearwater Beach | Sand Key Condos | Island Estates Homes | Saint Petersburg | Palm Harbor | Dunedin | Safety Harbor | Tarpon Springs | Largo | Belleair | Oldsmar | Ozona | Pinellas Park | Gulfport | Tierra Verde | Indian Rocks Beach | Indian Shores | Madeira Beach | Treasure Island | St Pete Beach | Redington Beach | Gulf Beaches | Tampa Bay | South Tampa | 33767
*The above information and images are Copyright © 2007 Jack and Cyndee Haydon, Tampa Bay Realtors and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
Currently 5 Comments »|
Clearwater Florida For Sale By Owners doing Short Sale
Clearwater Florida – I had a gentleman call recently telling me that he planned sell his Clearwater home by himself; that he would negotiate with the bank on this Clearwater Florida real estate short sale (when you owe more money than you can sell your home for); and that he did not need an real estate attorney to advise him on his options or handle the paperwork. I wish him good luck!
However, if you are like most people trying to sell your Clearwater home today:
- you do not have a law degree,
- your are not a trained title agent,
- you are not a trained and skilled Realtor…
add to that…only 15% of Tampa Bay homes for sale are actually sold For Sale By Owner.
We advertise our Clearwater Florida Real Estate listings all over the internet, so when list Clearwater homes for sale they will be seen by millions of interested real estate buyers, so check our customer testimonials and you will see that we are focused on our customers.
If you are facing a short sale or foreclosure, don’t try to sell your home by yourself. Let’s discuss how we can help you.
Give us a Call today at (727) 710–8036 or Email me today at email@example.com for our complimentary Clearwater Florida Real Estate Comparable Market Analysis!
Jack & Cyndee Haydon,
Clearwater Beach, Florida 33767
The above information and images are Copyright © 2007 Jack and Cyndee Haydon, Clearwater REALTORS and your Clearwater Florida Real Estate Agents and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
Currently 10 Comments »|
Why A Clearwater Beach Short Sales May Save Your Credit
Clearwater Beach Florida - If you are behind in the mortgage payments on any Clearwater Beach Real Estate, then call us today to list and sell your Tampa Bay / Clearwater area property. We will work with you and your mortgage company or bank to get your Clearwater Beach real estate sold and work to keep your credit in tact with a short sale.
Don’t let this be you… we can help!
We are Clearwater Beach short sale agents who work with an attorney and a title company to expedite the sale of your property whether it’s a home or condo for sale, so you may move on with your life.
If you are not familiar with a short sale, then here is a brief description to help you understand what we do for you, we list your property when the outstanding loan balance on the property is larger than what your Tampa bay home will appraise for so it’s also more than it can sell for in today’s Clearwater Beach real estate market . This process is better for you than the foreclosure process which will ruin your credit for years.
In addition, the short sale helps the bank because we will save the cost of an expensive foreclosure process. The banks understand the short sale process and are more than willing to work with us, so it is a win-win situation.
In summary, if you are behind in your mortgage payments, have been served with a foreclosure notice, or the bank has complained by writing a foreclosure warning you must act quickly to save your credit.
For more info on Selling your Tampa Bay Home and understanding your options. Call me today at 727-422-8901 and get a Free consultation and we’ll explain how the process works and why recent laws work in your favor.
Jack & Cyndee Haydon
Clearwater Beach Real Estate agents
Call our direct seller number at 727-422-8901
Currently 9 Comments »|
Clearwater Florida – Recently, I read in the New York Times that a couple sued their buyer’s agent who helped them buy a property. The couple say the agent hid information from them about lower priced homes in the neighborhood and this caused them to over pay for the property they purchased.
Real Estate Agents Get Sued by Home Buyer
We’ve all heard of agents being sued because they hid material facts about a property, but this is a landmark case that has come about because of our current Buyer’s Market. A couple of years ago, as prices were going up, home buyers were just happy to buy a property before the market pushed it’s value higher. Today, with falling home prices, many buyers are determined to get the best deal and think the prices could go lower. Read the rest of this entry »
Currently 7 Comments »|