Sellers in Foreclosure

It’s all too common for sellers in foreclosure to want to ignore the problem and hope it will go away. Some stick their heads in the sand. But help is available. Sellers in foreclosure have options.

How to Stop Foreclosure can help sellers keep a home through reinstatement, forbearance, mortgage modifications or repayment plans.
Short Sales for Sellers clarifies how to transfer title to a buyer before the redemption period ends by persuading the lender to accept less than the unpaid mortgage balance. Not all lenders will accept a short sale, however. This covers what lenders want from sellers. Negotiation is key.
Foreclosure and Short Sale Taxes discusses how the I.R.S. will treat a foreclosure or short sale for tax purposes. It’s called debt forgiveness, and until tax rules change, sellers could owe the government taxes even though sellers lost money on the sale.

Buying Foreclosures & Short Sale Homes

Not all foreclosures and short sales are profitable. To pull a home out of foreclosure, buyers need to make up back payments to the lender, pay all imposed fees and either pay off the loan or make arrangements to sell the property. Few lenders will let a buyer assume an existing obligation.

Buying Distressed Homes involves three ways to purchase: from the seller in foreclosure, negotiating a short sale or buying from the lender after a public auction. Read this carefully as investors in California cannot be represented by a real estate agent.
Buying Short Sales details why the process is complicated and can take much longer to close than an ordinary transaction. Not all short sales are profitable, and this article explains why.
Buying Foreclosures before the home goes to a public auction involves negotiating directly with the seller. Buyers also have the option of bidding on a foreclosure at the public auction, but read the procedures first.
Drawbacks to Foreclosures talks about the repercussions and inherent problems that are often present when buying a foreclosure. Buyers who bid at public auctions will benefit from getting as much information as possible beforehand.
Defaults Hit Home Values. Nearby homes will feel the effect, which could pull the market value of a newly purchased short sale or foreclosure even lower. This article goes into detail about how appraisers determine the value in neighborhoods with distressed home sales.

Fixing Up Foreclosures & Short Sale Homes

One way to make money in real estate is to “buy low and sell high.” Couple that principle with fixing up the home or improving it, and the amount of profit can be even greater. Besides, many distressed homes fall into disarray and require repairs.

Repairs Before Resale can boost bottom-line profit. But not all repairs or improvements return 100% of an investment. Read why.
Top Do It Yourself Mistakes. This article covers 10 common errors home owners make when trying to flip a house. Don’t think about buying a foreclosure until you read this.
Fix-Up and Sell is a five-part series with links at the end of each article to the next. It’s a first-hand description involving simple to complex remodeling projects that were completed on five flipper homes.

Please visit our website at www.JonMahoney.com
For a detailed 11 page report on specific information on How’s The Market in your specific area or for a
FREE market analysis for your property, Please contact Jon Mahoney at (805) 689-0532

Looking to buy or sell a luxury estate, home, condominium or investment property?
Let us help you find everything you need to know about buying or selling a home. Call or email us today!

Spring offers up a wide array of natural beauty. Green lawns, budding roses, and fragrant blossoms treat the eye and nose at every turn. This particular Spring, however, has a leg up on previous years.

Interest rates are still near historic lows, hovering well below 4.0 percent for the 30-year fixed rate mortgage. This translates to favorable terms for eager buyers.

Jobs have begun to return in sectors all across the economy, which equals into a larger pool of eligible and willing buyers. Finally, as home prices have stabilized more homes are now within reach of more buyers. Affordability rates are at generational highs.

Are you a seller who will be looking to buy? Today’s market conditions make for a great time to buy and move up (if you have equity built in your home). Let Springtime showcase your home in the most natural light and “spring” a buyer into action.

Need a reason for selling this season? Consider nature’s paintbrush. Curb appeal is your home’s first impression. Many designers create this by painting the front door or a home or adding a punch of color with , but Spring means that your punches of color need not end at the front step.

Add flower beds around your mailbox, trees, and some to line your walkways. Prune back trees and shrubs to give a neat and orderly appearance.

Finally, take a good, hard look at the exterior of your home. Spring is a good time to break out the paint and give your home a few touch ups. Clean out gutters and clean up any trash.

Next, consider the beautiful weather. Who wants to look at houses during ice and snow? Okay, so there are plenty of buyers who brave those elements, but having an open house or showing during beautiful Spring weather is always a plus. Instead of too hot or too cold your guests will be just right.

Finally, most families prefer to pack up kids when school is taking a break. That means they want to move during the Summer months. What does this mean for sellers? It means families are looking to buy in the Spring. This gives them plenty of time to look at homes and then go to closing, which can take from a few weeks to over a month.

Springtime is full of new growth opportunities. So, stop and smell the roses … and list that home for sale!

Are you looking to buy or sell a property in Santa Barbara?
Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground.

Because the Real Estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

We go the extra mile to help you achieve your goals. That’s why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers. Your Downtown Santa Barbara Real Estate Agent is only a phone call away.

Call or email me today!
Jon Mahoney
(805) 689-0532
Or send me an e-mail: Info@JonMahoney.com
www.JonMahoney.com

The Jon Mahoney Real Estate Group at Keller Williams gives you a 90-day Market Update & statistics for homes & condominiums for sale & sold information on all areas of Santa Barbara. For more information on the Downtown area click below. To view more information on properties in all of the Santa Barbara Area, or questions about Real Estate, Foreclosures, Short Sales, Etc. Visit Jon Mahoney’s website – www.JonMahoney.com or contact him directly at (805) 689-0532. To view this months deal in Santa Barbara click the following link http://www.jonmahoney.com/550-la-cumbre.html

Because the Real Estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

We go the extra mile to help you achieve your goals. That’s why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers. Your Downtown Santa Barbara Real Estate Agent is only a phone call away.

Call or email me today!
Jon Mahoney
(805) 689-0532
Or send me an e-mail: Info@JonMahoney.com
www.JonMahoney.com

The Jon Mahoney Real Estate Group at Keller Williams gives you a 90-day Market Update & statistics for homes & condominiums for sale & sold information on all areas of Santa Barbara. For more information on the Downtown area click below. To view more information on properties in all of the Santa Barbara Area, or questions about Real Estate, Foreclosures, Short Sales, Etc. Visit Jon Mahoney’s website – www.JonMahoney.com or contact him directly at (805) 689-0532. To view this months deal in Santa Barbara click the following link http://www.jonmahoney.com/550-la-cumbre.html

Call or email me today!
Jon Mahoney
(805) 689-0532
Or send me an e-mail: Info@JonMahoney.com
www.JonMahoney.com

The Jon Mahoney Real Estate Group at Keller Williams gives you a 90-day Market Update & statistics for homes & condominiums for sale & sold information on all areas of Santa Barbara. For more information on the Downtown area click below. To view more information on properties in all of the Santa Barbara Area, or questions about Real Estate, Foreclosures, Short Sales, Etc. Visit Jon Mahoney’s website – www.JonMahoney.com or contact him directly at (805) 689-0532. To view this months deal in Santa Barbara click the following link http://www.jonmahoney.com/550-la-cumbre.html

Jon Mahoney is the Director for Luxury Homes for Keller Williams Realty, Santa Barbara. Jon & his team are available to help you with all of your Real Estate needs and goals regardless of price range.

Mission Canyon, 93105
Good or Bad, We want you to know the truth!! So, How’s the Market?
The number one question most people always ask a Realtor is, “How’s the Market”. The biggest complaint we hear from consumers is that they always feel as though their being sold on something. Well, we don’t believe in that. We want our clients to be completely aware of exactly what’s going on with the market so they can make informed decisions. This is why we provide all of our clients with up to date information and analysis of the market broken down by zip codes and areas.
Keep in mind, the answers to your questions will always depend on your perspective and what you are looking to do with your real estate portfolio.
As a Buyer in today’s market, you really couldn’t find a better time to purchase a home. Interest rates are at an all time low and home values have dropped tremendously over the past several years. Santa Barbara is on sale and there are great deals out there.
If you are a Seller, if you use the proper marketing techniques to sell your home, you are able to take advantage of the demand for homes due to lower interest rates. As a result, you can manage to get top dollar for your home and in a relatively short period of time. To find out more about these techniques, please contact us today and we can give you a free market analysis of your home’s value and what you can expect in today’s market.
Real Estate Investors have never been busier. Price reductions and lower interests rates have made Real Estate Investments attractive in the Santa Barbara Area. This is true even in many cases of either flipping a property or securing for a long term rental. .

So, please review the report below and for a more detailed analysis of any particular area you might be interested in, simply fill out a request form and we will get the information to you.
Please visit our website at www.JonMahoney.com
For a detailed 11 page report on specific information on How’s The Market in your specific area or for a FREE market analysis for your property, Please contact Jon Mahoney at (805) 689-0532

Looking to buy or sell a luxury estate, home, condominium or investment property?

Let us help you find everything you need to know about buying or selling a home. Call or email us today!

We get asked all the time, “How’s the market?”, and our response is, “Well, it depends. Are you looking to buy, sell, rent, or invest?”

Quite frankly, it is an awesome market if you are a Buyer – interest rates are truly at an all time low, and prices are low as well.

And it is an awesome market if you are a Seller – the good homes get scooped up fast and for top dollar.
This past week we have helped clients sell their homes, and we have helped clients purchase new homes!

So, how’s the market?
The market is fabulous. Don’t miss the opportunity this market is presenting to us all!
Visit our website at www.JonMahoney.com

Please visit our website at www.JonMahoney.com
For a detailed 11 page report on specific information on How’s The Market in your specific area or for a
FREE market analysis for your property, Please contact Jon Mahoney at (805) 689-0532

Looking to buy or sell a luxury estate, home, condominium or investment property?
Let us help you find everything you need to know about buying or selling a home. Call or email us today!

- 30-year fixed-rate mortgage (FRM) averaged 3.79 percent with an average 0.7 point for the week ending May 17, 2012, down from last week when it averaged 3.83 percent. Last year at this time, the 30-year FRM averaged 4.61 percent.
- 15-year FRM this week averaged 3.04 percent with an average 0.7 point, down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.80 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week, with an average 0.6 point, up from last week when it averaged 2.81 percent. A year ago, the 5-year ARM averaged 3.48 percent.
- 1-year Treasury-indexed ARM averaged 2.78 percent this week with an average 0.5 point, up from last week when it averaged 2.73 percent. At this time last year, the 1-year ARM averaged 3.15 percent.
According to Frank Nothaft, vice president and chief economist, Freddie Mac:

“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week. For instance, industrial production rose 1.1 percent in April — the largest gain since December 2010 — and consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan.

There was also good news in the home construction industry. Housing starts rose to an annualized rate of 717,000 homes in April, well above the market consensus forecast, and construction on one-family homes increased to its strongest pace in three months. Moreover, homebuilder confidence in May reached its highest reading since January 2008 according to the NAHB/Wells Fargo Housing Market Index.”

To put Jon Mahoney and his Real Estate team to work for you:
Contact Jon at 805-689-0532 or visit www.JonMahoney.com

For a detailed analysis on your home today or to get a free 90 day market update report, please contact us now.
To check out this months deal please visit http://www.jonmahoney.com/550-la-cumbre.html

Jon Mahoney is the Director for the Luxury Homes Division with Keller Williams Santa Barbara.

Call or email me today!
Jon Mahoney
(805) 689-0532
Or send me an e-mail: Info@JonMahoney.com
www.JonMahoney.com

The Jon Mahoney Real Estate Group at Keller Williams gives you a 90-day Market Update & statistics for homes & condominiums for sale & sold information on all areas of Santa Barbara. For more information on the Montecito area click below. To view more information on properties in all of the Santa Barbara Area, or questions about Real Estate, Foreclosures, Short Sales, Etc. Visit Jon Mahoney’s website – www.JonMahoney.com or contact him directly at (805) 689-0532. To view this months deal in Santa Barbara click the following link http://www.jonmahoney.com/550-la-cumbre.html

Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

We go the extra mile to help you achieve your goals. That’s why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers. Your Montecito Real Estate Agent is only a phone call away.

Call or email me today!
Jon Mahoney
(805) 689-0532
Or send me an e-mail: Info@JonMahoney.com
www.JonMahoney.com

The Jon Mahoney Real Estate Group at Keller Williams gives you a 90-day Market Update & statistics for homes & condominiums for sale & sold information on all areas of Santa Barbara. For more information on the Montecito area click below. To view more information on properties in all of the Santa Barbara Area, or questions about Real Estate, Foreclosures, Short Sales, Etc. Visit Jon Mahoney’s website – www.JonMahoney.com or contact him directly at (805) 689-0532. To view this months deal in Santa Barbara click the following link http://www.jonmahoney.com/550-la-cumbre.html

Let us help you find everything you need to know about buying or selling a home. As one of the preeminent, professional real estate teams in my community for over 12 years, we are dedicated to providing the finest service available while breaking new ground.

The Jon Mahoney Real Estate Group at Keller Williams is the most comprehensive online source for luxury real estate listings, from estate homes to luxury condominiums, incredible tear down opportunities and investment properties.
Visit my website at www.JonMahoney.com
Jon Mahoney gives you 90-day stats for Single Family Homes, Condominiums & Townhomes in the Hope Ranch, Summerland, Carpinteria, Santa Barbara, Montecito, Goleta & Santa Ynez Valley areas of Santa Barbara County, California. Median Price, Inventory, Average Days On Market, Median Price Per Square Foot, Market Action Index, and more. For a detailed 11 page report on specific information on how is The Market in your specific area or for a FREE market analysis for your property, please call Jon Mahoney (805) 689-0532, e-mail him at info@jonmahoney.com or fill out the form bellow.

To see all of the properties available in the Hope Ranch area click on the following link:
http://www.jonmahoney.com/hope-ranch-real-estate.html