Category Archives: Sell your home

Can I buy a home without selling my home first?

Can I buy a home without selling my home first?

Can I buy a home without selling my home first? Yes, it may be possible to buy a home without selling your home first.

Each individuals financial situation is different. We can put you in contact with a mortgage consultant who will be able to offer you an informed opinion after reviewing your personal information prior to you making an offer on another home without a contingency dealing with the selling of your current home.

In the current market, many home owners are reluctant to start looking for homes to buy until their current home sells. Their reluctance could be due to several factors.

  • They may not wish to get their hopes up should they find the perfect home but are uncertain about when their current home will receive an offer.
  • They may feel their home, at the listed price, will not be selling anytime soon.
  • Or they may simply not understand that they can make an offer that is contingent upon the selling and closing of their current home.

Those sellers who have their home priced correctly should expect to receive an offer within their listing contract period. That being the case, it may be in the seller’s best interest to start looking for a home and negotiating with the owner of the home to arrive at an acceptable offer contingent upon the selling of their home. This could be handled with a first right of refusal contingency clause.

First right refusal contingencies are clauses that most real estate professionals should be familiar with and prepared to use especially in this challenging market. With a first right in place the buyer can now assume their role as a seller and take the steps needed to receive an acceptable offer on their home.

Low interest rates and low inventory are reasons to understand how to make an offer on a home even though your home has not sold.

Give me a call to discuss your situation. 407-304-0255

Are short sales a solution for DeLand homeowners?

Short sales are being used throughout the country by home owners who are faced with a distressed situation where they are unable to afford their home and because they owe more on their mortgage than the home is worth they are unable to sell the home for enough to pay off the mortgage along with the additional costs involved with selling a home.

 

What should a DeLand homeowner consider before short selling their home?

 

  • If you would stay in the home if the payments were affordable, contact your lender about a loan modification.
  • According to FICO, short selling your home impacts your credit score similar to a foreclosure however a foreclosure increases the time you will have to wait before obtaining a mortgage on another home.

 

If you are facing a tough situation and would like to talk about the short sale process give me a call. I can refer a top short sale real estate professional to you that will explain the process so that you are able to make an informed decision.

Short sale may be the best option for DeLand homeowners with no equity

DeLand homeowners who need to sell their home and are upside down on their mortgage may want to consider a short sale.  If you are facing a tough situation and would like to learn more about the short sale process contact me.  Watson Realty agents have the experience and know how to help homeowners successfully close a short sale transaction.  

Should I use one real estate agent to view homes for sale in DeLand?

Search for homes in DeLand

Should I use one real estate agent to view homes for sale in DeLand?

Yes.

The fact is I can show you any home for sale in DeLand regardless of what real estate company has the home listed.  Having one agent keeping an eye out for new listings, homes that have received price reductions or real estate bargains eliminates duplicate results and wasted time.

Plus by only using one agent to show you homes a relationship is developed that allows the agents to better understand your wants and needs which will help to make the home buying process smoother for you.

Contact me today to start viewing all of the homes for sale in DeLand

Victoria Park – DeLand

Search for a home in Victoria Park

Here is a the current home inventory and real estate market report for Victoria Park.  If you would like to buy, sell or rent a home in Victoria Park, contact me.

  • 107 homes for sale
  • 7 townhomes
  • 13 homes under contract
  • 48 homes sold during 2008
  • 4 homes for rent

NOTE: “Based on information from MFRMLS for the period (January 2008 through December 2008).”