The Blog of Four Sail Realty

4898 Magnolia Road

2010-07-09T09:32:00.000-07:00

4989 Magnolia Rd

Nederland, co

$729000.00

Custom Home on exclusive Magnolia Road

Great Western K5 HUD Foreclosure $130k

2010-07-09T09:25:00.000-07:00

2 Bed 2Bath with room in finished basement!

Longmont

Make great rentals or for low maintenance living!

Tips for Selling a Home in Today’s Market

2010-05-03T12:18:00.000-07:00

1. Do not overprice the home. Buyers today are looking for a bargain, & the seller in the end will likely have to bring the price down to meet market demands. The longer the home sits on the market, the stronger the negotiating position of the buyer.

2. Select Internet-friendly pricing. 80% or more of home buyers will begin their real estate search online. Most real estate sites can filter the prices in $25,000 to $50,000 increments. Sure a creative price of $444,777 may grab attention, buyers who set their search maximum filter at $425,000 will exclude it. Additionally, prices that end in 000 (such as $300,000) tend to sell at a larger discount than homes ending in 500 (such as $324,500).

3. List your home on a Friday. Most buyers are checking out new listings on Fridays so they can see what is new for the weekend.

4. Occupy or stage the home. Buyers appreciate a home that is well attended. A vacant home can feel cold and empty, while one that is still occupied has a warm, cozy feel, attracting more buyers. However, keep the personalization minimal; having neutral decor and paint colors will make it easier for a buyer to visualize their own style in the home. If a seller moves to a new home before selling the old home, it is a good idea to have the home professionally staged as if someone still lives in it.

5. Monitor local foreclosures. Foreclosures are costing sellers money and have become very aggressive opponents in today’s market. If the seller’s neighborhood has a lot of foreclosures, wait until they are sold before listing the home, if at all possible. Most banks are eager to sell, thus creating an underpriced competitor. If the seller cannot wait to list the home, it will need to be priced competitively with the foreclosures, which can dig significantly into the home’s equity.

6. Keep the home neat and clean. Interior and exterior. With so many foreclosures on the market today, buyers are seeing homes at their worst. If the home is presented in the best possible way, it will attract more positive attention. Curb appeal is important too. If a buyer doesn't like the outside of the home, they will not care how nice the interior of the home is. They will not even give it a second thought.

7. Keep records. Foreclosures may not come with any disclosures. Sellers who keep updated records, photos and permits handy for the buyer to review will make them feel much more confident about buying the home, giving the seller a competitive advantage over foreclosed properties in the neighborhood.
Sources:rismedia.com/relocation.com
For more seller tips visit us at www.4SailRealty.com

Super clean Bank foreclosure $169900

2010-05-03T12:17:00.000-07:00

$169900

3 bed 2 bath
Ranch Style home

Gay st
Longmont

Video Tour

Call us for showing 303-775-4121
or email us 4SailRealty@gmail.com

Longmont HUD Foreclosure

2010-04-26T15:33:00.000-07:00

HUD Foreclosure
Sumac St.
Longmont
$160k
4 bed
2 bath

click for Video and details

Now Is An Incredible Time to Buy or Sell a Home!

2010-04-26T09:14:00.000-07:00

Based on activity during the first 90 days of 2010, we're seeing some indicators of a housing market recovery nationally, as buyers have been motivated by the first-time buyer tax credit, low interest rates and low prices," said Leslie Tyler, vice president and chief home hunter for ZipRealty. "While the first-time and move up buyer tax credits expire at the end of this month, new short sale regulations may mean more home listings will be available for buyers who are still hoping to take advantage of lower prices."

"The market is significantly slower than it was 4 to 5 years ago, but it is entering the recovery phase now. Though it will take a long time for prices to recover fully, the recovery period will bring prices back to 2003 levels and people are beginning to realize that now is an incredible time to buy or sell a home."
sources; ziprealty.com and rismedia.com

Go to www.4SailRealty.com for more info or call us at 303-775-4121.

Buy a HUD home with the $100 dollar down program*

2010-04-20T15:31:00.000-07:00

Buy a HUD home with $100 dollars down *

You have

•Good credit
•A stable job

You don't have

•savings for a down payment
•money for closing costs

HUD has a home buyer program that takes care of both of these for you.

It is the HUD $100 down payment assistance program.

You have to meet the requirements which include.

•
Owner occupancy
Primary Residence -- buyer must live in the home for at least one full year

•Purchase price
Buyer must make full price offer to HUD (i.e. must offer HUD's full asking price)

•Loan types available
FHA Fixed Rate 30 year, FHA Fixed Rate 15 year, FHA Secure 30 or 15 year, FHA Stimulus 5/1 ARM (Adjustable Rate Mortgage)

•Income
Must be able to document enough income that your debt to income ratios are 31% / 43%

•Maximum loan amount
$362,790

•Property types
Single family residences, town homes, Planned Unit Development homes, condos

•Credit Score
Minimum credit score is 580(*)
Minimum 24 months since discharge of any bankruptcies; 36 months since any foreclosure
(*) Many lenders are requiring middle credit score of 620 or higher
Eligibility

•All borrowers must have a valid social security number. All borrowers must demonstrate 2 years of employment history.

•Permanent Resident Aliens -- • Evidence of lawful, permanent residency issued by the Bureau of Citizenship and Immigration Services (BCIS), formerly the INS.• Copy of the Alien Registration Receipt Card (Resident Alien card), I-551

•Non-Permanent Resident Aliens• Primary residence• Borrower must be eligible to work in the U.S.• Evidence of valid Social Security number required• Evidence of residency and work status to be obtained through documentation from US Bureau of Citizenship and Immigration Services (BCIS) formerly INS• Copy of the Employment Authorization Card, I-688B. This card carries an expiration date.• A social security card is not acceptable as evidence of work status.

•Reserves
There is no reserves requirement for the program

•Mortgage Insurance
FHA mortgage insurance is required on all loans
*information deemed reliable but not guaranteed.

This is a great way to take advantage of the current low mortgage rates and low housing prices.

For a list of HUD homes in your area or to see if you qualify email us at 4SailRealty@gmail.com

or visit us at www.4SailRealty.com

*The hundred dollar down program does NOT include the $500 earnest money for homes with a purchase price up to $49,999.99 and $1000 earnest money for homes with a purchase price of $50,000.00 and up.

Written by

Brian K Ellwanger

Broker/Owner

Four Sail Realty

Longmont Colorado

303-775-4121