Real Estate Realities Ring Loud & Clear

Real Estate Realities Ring Loud & Clear
The North Shore Real Estate Insight You Need To Know NOW!

Ding-dong.
It’s your doorbell. And it’s a prospective buyer.
You smile and cross your fingers while they’re in your pocket, praying that this one will bite on your offer.
Sound familiar?

Waiting and waiting, staging your home, renting when you can’t sell, price wars and dealing with complications surrounding a short sale or foreclosure … these are the harsh realities faced by countless North Shore sellers and buyers.

Knowing this trend will continue for a while, NorthShoreInsider.com met with one of the area’s more knowledgeable real estate experts, Amy Kite of Keller Williams. Amy is a veteran to the business, with a specialization in working with short sales and foreclosures.

Short Sale, But Never A Short Cut
By definition a short sale is when a lender (the bank) agrees to accept less than the total amount due on a property. Of course, not all lenders accept short sales or discounted payoffs, especially if it’s more beneficial financially to move to foreclose. But what you may not know about short sales is that is comes with other often hidden issues/implications.

Renting Is Hot

Another big time selling phenomenon sweeping the North Shore real estate market is renting. Think about it. Your can’t sell your house, so why not minimize your losses by renting it. Look around, the signs are everywhere and it’s not a bad idea. Here, Amy explains why.

Think About It... A Foreclosure Property
If you’re scouring the market place looking for that sweet deal labeled foreclosure…hold on and remember that you’re the one who might get stuck with not only the property, but also a pretty long punch list of the things to fix, that the bank won’t… among other things.

Committed to Selling Your Home Now Not Later?
With the days of summer blending into later summer and early Fall, the drive to sell your home is apt to move into higher gear. To increase the likelihood that you’ll see an offer now rather than later – and who knows when that could be make sure you listen to what Amy has to say about how to crack this nut.

For questions about your property contact Amy Kite at 847-877-9881 today!

Loren Greiff