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Northeast OH Short Sales: Mistakes To Avoid When Facing Foreclosure

Northeast OH – Mistake #1: Deeding your property to a third party without confirming that your debt has been paid off. 

Deeding your house to someone else is one way to avoid foreclosure. However, there are some things you need to do before you make a decision to deed your house to someone else . . . → Read More: Northeast OH Short Sales: Mistakes To Avoid When Facing Foreclosure

A Common Northeast OH Loan Mod Mistake

Northeast OH – The Stop Foreclosure Institute recently received a question from a person attempting a loan modification on their home. Here was their question.

“I have a first mortgage for $197,000. That was my original loan from when I bought my home. I borrowed $250,000 on a second mortgage for a remodel.

My . . . → Read More: A Common Northeast OH Loan Mod Mistake

A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

Northeast OH – Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don’t know what they are doing.

Because of this, many buyers shy away from short sales. Or, if they do make an offer, then they still continue to . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed

A Common Northeast OH Short Sale Marketing Mistake: Not Following Up On Showings

Northeast OH – When another agent brings a buyer to look at your home your realtor should follow up afterwards.

They need to get feedback on what the buyer thought of your home. If the buyer liked your home, then they will ask if they are thinking of making an offer.

Click here to . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Following Up On Showings

A Common Northeast OH Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties

Northeast OH – Unique properties usually have a “love it” or “hate it” aspect to them. A great example is pool homers.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Some buyers want a home with a pool. They are willing to spend $20,000 to $50,000 more . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Promoting Unique Properties to Buyers Looking For Unique Properties

A Common Northeast OH Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

Northeast OH – Here is a story that illustrates this point. An agent I know was hired to sell a 30 acre tract of land.

Several months earlier they had spoken with a buyer that was looking for a similar property.

Click here to discover how other sellers successfully did a short sale . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

A Common Northeast OH Short Sale Marketing Mistake: Not Using the MLS Properly

Northeast OH – This MLS Mistake could cause the right buyer to never look at your home in the first place. The Multiple Listing Service (MLS) is the first place an agent representing a buyer is going to look for homes for sale.

Click here to discover how other sellers successfully did a short . . . → Read More: A Common Northeast OH Short Sale Marketing Mistake: Not Using the MLS Properly

A Common Northeast OH Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

Northeast OH – Many times you will feel pressure to reply right away to an offer. But, that doesn’t mean that you shouldn’t negotiate.

Buyers are impatient and if they really like your house, then they will want an answer to their offer right away. But, you know what else that means?

Click here . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

A Common Northeast OH Short Sale Negotiation Mistake: Letting Your Ego Get Involved

Northeast OH – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation.

I have seen people kill a potential sale to a person that would have been willing to pay top dollar for a property because they didn’t . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Letting Your Ego Get Involved

A Common Northeast OH Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start

Northeast OH – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price.

Don’t fall for it. You’ve already made the first move by setting a price for your home. Tell the buyers that you need to think it . . . → Read More: A Common Northeast OH Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start