BloggingRedding.com

REO’s – The Numbers Don’t Lie

Mindy — Mon, 15 Mar 2010 01:05:04 +0000

Did you know that out of 321 listings that have sold (closed escrow) since January 1, 2010, 136 of them were REO’s (Real Estate Owned By The Bank) or foreclosures? Yep, that is almost one in three homes that have sold so far this year!

Our current market has a large number of distress sales – both short sales (before foreclosure has completed) and sales after foreclosure (REO’s). For more information on these types of properties contact us at 530.227.0345.

Clint and Mindy Cronic
Next Generation Real Estate Services
530.227.0345
www.SellingRedding.com or www.ReddingBlogs.com
DRE License #s 01314114 or 01458166

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For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Is a Garage Sale in Your Future?

Mindy — Sun, 14 Mar 2010 07:05:06 +0000

Well its that time of year again…driving around this weekend it appeared that there was a garage sale on every corner. If you are thinking of hosting one soon, click here to see a video on how to make sure that YOUR garage sale is the first one people will want to go to! You’ll learn about everything from advertising to “Staging” your sale and items for maximum return! Oh, and don’t forget to post it on www.craigslist.org as that is a great free place to advertise your sale!

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Redding Real Estate Market 6/21/09

Mindy — Sun, 14 Mar 2010 07:05:06 +0000

Residential Listings: There are currently 1,538 (down from 1,547 last week and 1,555 two weeks ago) and another 497 (up from 490 last week and 469 one month ago). So far this year there have been 801 sold listings in the MLS database and in June so far there have been 100 sold listings recorded. Home sales trends for the last couple of months inclue 198 homes sold in May and 142 homes sold in April

Historical Data for Closed (Sold) MLS Listings in Shasta County:

Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database.

Overall statistic for the year 2008: there were 1,942 listings that sold (closed escrow) and were recorded in the MLS database.

Visit http://www.sellingredding.com/idx.htm to search the entire Shasta MLS Database

Contact Clint and Mindy Cronic at Real Estate Professionals, GMAC today at 530.227.0345 for more information on how our aggressive marketing strategy can SELL your home or visit our website, www.sellingredding.com to search the entire MLS database for your next new home!

If you are buying a home we’d love to help you find the home of your dreams. Whether you are buying in 2 days or 2 years we can help you from relocation information, school data or neighborhood demographics to loan prequalification, previewing homes or sending virtual tours!

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

To Home Warranty or Not???

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

TO HOME WARRANTY OR NOT?

In today’s strained economy homebuyers are looking for ways to save money when it comes to their real estate transaction. While it may seem as if purchasing a Home Warranty may be a “luxury” for your real estate purchase, it is more like insurance against many costly repairs that could be needed upon you moving into that new home. Some great things to know about a home warranty:

While not everything in your home can be covered, A home warranty is essentially a service contact that covers the repair or replacement of the most frequently occurring breakdowns of home system components and appliances. When a covered item breaks down (ie appliance, plumbing, etc.), you will call an 800 number (available 24 hours per day, 7 days per week) to initiate a service request. The company will then contact one of their local approved and insured contractors to schedule a time for that specialist to diagnose the problem. There is generally a small service call fee that you give to the contractor when they arrive to diagnose the problem (usually under $50). The contractor will then repair or replace the part and you will not have to pay for any further services related to the call unless the part is not covered by the warranty. Be sure to discuss the possible uncovered components of the broken part with the warranty company before you initiate the repair so you won’t be surprised if a component is not covered.

So…how much does a home warranty cost and who pays for it? A one-year warranty usually costs between $350.00 and $550.00 depending upon the additional coverage you may need (ie septic, well, pool, etc.) and can be renewed annually for slightly more. Should you get a home warranty? That really depends upon you. If purchasing a home that hasn’t been lived in for a while or is in need of repair, as a Realtor I say it is essential. You never know what unexpected suprises you will get upon moving in. If buying an REO or probate it is also essential as the sellers are exempt from disclosing many material facts about the property that a typical owner might know since they haven’t actually lived on the property and don’t know what works or doesn’t. What I would ask you to weigh out is whether one of the biggest purchases of your life is worth spending under $550.00 to protect it during the first year…

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

First Impressions DO COUNT in Real Estate!

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

The latest craze in real estate as most know is to complete DIY projects, saving time and money for the homeowner. This is true in many instances but follow a couple rules: take your time and don’t cut corners and decorate for the masses if you are planning to sell anytime soon. What I mean by “decorate for the masses” is to create an environment with paint colors and materials that almost anyone could bring their existing furniture into and live.

What we are seeing now with many homes on the market in our area is a need for buyers to get the best “perceived value”. They may look at 20 homes and find one home over the rest that has been staged to sell (doesn’t have to be by a professional “stager”) but appears as if the current owners have meticulously maintained the home. Walking into a home with a clean front porch, clean eaves, mowed lawn and a couple live potted plants feels inviting to potential buyers whereas overgrown grass, broken-down cars and dead plants can be a warning sign of an improperly maintained home. Here is a quick sample of what I mean…

Unstaged/cluttered homes might detract buyers

Clean and fresh homes attract buyers to see more!

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

a Quick 11-Question Realtor Interview…

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

Make sure you choose a REALTOR® who will provide top-notch service and meet your unique needs.

1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate — like many other professions — is mostly learned on the job.

2. How many homes did you and your real estate brokerage sell last year? By asking this question, you’ll get a good idea of how much experience the practitioner has.

3. How many days did it take you to sell the average home? How did that compare to the overall market? The REALTOR® you interview should have these facts on hand, and be able to present market statistics from the local MLS to provide a comparison.

4. How close to the initial asking prices of the homes you sold were the final sale prices? This is one indication of how skilled the REALTOR® is at pricing homes and marketing to suitable buyers. Of course, other factors also may be at play, including an exceptionally hot or cool real estate market.

5. What types of specific marketing systems and approaches will you use to sell my home? You don’t want someone who’s going to put a For Sale sign in the yard and hope for the best. Look for someone who has aggressive and innovative approaches, and knows how to market your property competitively on the Internet. Buyers today want information fast, so it’s important that your REALTOR® is responsive.

6. Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction? While it’s usually legal to represent both parties in a transaction, it’s important to understand where the practitioner’s obligations lie and that they understand what their obligations are when representing both parties. Your REALTOR® should explain his or her agency relationship to you and describe the rights of each party.

7. Can you recommend service providers who can help me obtain a mortgage, make home repairs, and help with other things I need done? Because REALTORS® are immersed in the industry, they’re wonderful resources as you seek lenders, home improvement companies, and other home service providers. Practitioners should generally recommend more than one provider and let you know if they have any special relationship with or receive compensation from any of the providers.

8. What type of support and supervision does your brokerage office provide to you? Having resources such as in-house support staff, access to a real estate attorney, and assistance with technology can help an agent sell your home.

9. What’s your business philosophy? While there’s no right answer to this question, the response will help you assess what’s important to the agent and determine how closely the agent’s goals and business emphasis mesh with your own.

10. How will you keep me informed about the progress of my transaction? How frequently? Again, this is not a question with a correct answer, but how you judge the response will reflect your own desires. Do you want updates twice a week or do you prefer not to be bothered unless there’s a hot prospect? Do you prefer phone, e-mail, or a personal visit?

11. Could you please give me the names and phone numbers of your three most recent clients? Ask recent clients if they would work with this REALTOR® again. Find out whether they were pleased with the communication style, follow-up, and work ethic of the REALTOR®.

If you are interviewing Realtors to potentially market your home for sale please contact Clint and Mindy Cronic, The Cronic Group of Real Estate Professionals GMAC at 530.227.0345, via our website at www.sellingredding.com or blog at www.reddingblogs.com/reddingrealestate or email at contactus@sellingredding.com. We would love the opportunity to share our aggressive marketing strategy and area expertise with you!

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

5 Things To Do Before Marketing Your Home

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

5 Things to do Before Putting Your Home on the Market

1. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.

2. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin.

4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments?

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

What exactly is a Short Sale?

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

I just wanted to take a moment to discuss a SHORT SALE as many people that we encounter in the Redding area have no clue what it actually means.

A “short sale” is when someone who owns a home (financed by a bank) is allowed to sell the home for less than the current amount owed on the property. The bank needs to approve the amount of payoff that is “short” of the amount that is owed to them and this is where the name “short sale” comes from.

The misconception is that ANYONE can do a short sale just because the home is worth less than they paid for it. This is very untrue and Realtors should be discussing this with potential homeowners looking to do a short sale on their home. Banks now are reviewing possible short sale homes to determine if the seller actually qualifies to sell the home short.

So how can a home and the seller “qualify” for a short sale? Each bank varies. This being said, the general rule is that the seller needs to show a “hardship” through a letter in which they disclose their situation that has led them to HAVE to sell the home now instead of waiting out the market. Some hardships include loss of job or medical problems and the seller should present actual proof of the hardship with the Short Sale package. In addition to a hardship, some banks are reviewing the original loan package from when the buyer purchased the home to ensure they didn’t exaggerate their income/decrease expenses when they originally purchased (which is actually lender fraud and some areas considered “grand theft”). You should also be prepared to provide past tax documents and statements of current income/expenses to support your need to sell now.

For more information on Short Sales contact Clint and Mindy Cronic – The Cronic Group of Real Estate Professionals GMAC at 530.227.0345 or via email at contactus@sellingredding.com or on the web at www.sellingredding.com or www.reddingblogs.com/reddingrealestate

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Not All Staging Bananas Are Ripe & Ready

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

So my home selling pets, would you like to pick a house stager but are not sure which in the bunch to hire? Plus does the fact that when you think about it, it seems like there are more and more people becoming Home Stagers almost overnight?

Well, you are right; it can be a tough to know which stager you should work with, especially since staging is still relatively new in most parts of the USA. You are also right if you noticed that there are many new bananas rapidly joining the staging bunch.

To make a wise and informed pick, you need to understand that unfortunately a “professional stager” may just be an average green Jane or Joe who just fell out of a training tree. Many are transformed into “professionals” because they sat through a one, two or three day foundation training workshop. That’s it, as little as one day, and WA LA a new staging banana with a title tacked on.

So be wise, home staging credentials that hype “trained,” “certified” or “accredited” can be a bit deceiving… especially considering that it can take as little as one day to be trained and graduated from foundation training programs. This is not to say that there are well qualified real estate stagers who have been professional trained. But remember, above everything, the ripeness of EXPERIENCE trumps all else… even “credentials.”

Unfortunately, the home staging industry is an unregulated wild bunch. Because this so… sellers are at risk, especially in this tough selling market. Actually, picking a green stager could cost you some green. So while staging looks mighty tasty, to those of you who are looking for some hope and help, don’t blindly accept the fact that a stager, with a horde of initials after their name, is experienced and fully yet knows what to do to maximize your homes staged appeal.

So how can you pick out a ripe experienced stager? Well, it is not the difficult, if you keep in mind that home staging is an “image” industry.

Considering it is a stager’s job is to create a good first visual impression of home seller’s property, then a good stager needs to do the same for themselves. A good stager knows the importance of and how to present a good visual first impression of their company and their work.

To start to weed out amateurs from the experienced, first consider looking closely at the stager’s portfolio for examples of their work. Also, make sure that you ask the stager if they ACTUALLY staged the properties they show in their portfolio… believe it or not there are some foundation training programs that give green stagers a set of “starter” portfolio photos. Finally if you have any doubts, you can always ask the stager for testimonials from past clients and/or references.

So that’s it, considering its a jungle out there, this is pretty easy. That is all you need to know and do to be a good home selling monkey and pick the ripe stager.

Staging It Forward…
Me

POST SCRIPT of THANKS: Thank you to Rich at the “The Official Active Rain Blog” for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read “The Top 10 Rides” in the 89th Carnival of Real Estate.

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

The A-B-C’s and 1-2-3’s of Home Staging

Mindy — Sun, 14 Mar 2010 07:05:05 +0000

I often now receive inquires about home staging, from home sellers all over the country, that typically start by asking a question such as, “Can you give me a little information on how staging works and what staging a home costs?” Since so many start their inquiry with the same question, I thought it would be helpful to answer with what I call the “A-B-C’s of Home Staging.”

A is for ABOUT home staging in general. Actually, if you are going to stage your property you need to know that it is ABOUT a 2 step process. The first step is the “prepping of the property. Prepping the house basically attends to the conditional issues that need to be repaired, cleaned and/or updated. The second step is ABOUT the “pretty visual” that people think of when they think of home staging. This step has to do with the physical setting/arranging of the furnishings and/or accessories within a house. The combined goal of the 2 steps is to create a house that shows it best and ultimately will draw the interest of the widest buying demographic possible.

B is for BASIC types of staging services. While there are 6 Basic types of staging services, it is important to note that all stagers offer all six. The services a stager offers the better it is for you. Since you actually won’t know what you will need until the stager visits for the first time, a stager that provides more service types is better equipped to guide you based on your needs and not cut short the impact of staging because of their own limitations.

The 6 BASIC staging service types are:

Consult Staging: This type of staging solely taps into a Stager’s knowledge. First focusing on the condition of a home, a Stager visits a property to meticulously instruct on all that must be done to best prep and then set the property for market.
Re-Arrange Staging: This type of services relies on both the Stager’s knowledge and their physical labor. Once a home’s conditional needs are met, a Stager arranges the property by physically setting it using only the seller’s existing furniture and decorative accessories.
Enhance Staging: Again, once conditional issues are addressed, the Stager will then set the interior space. But not only are the existing furniture and accessories used, but the Stager will bring and blend in decorative accessories and/or furniture from their inventory. These “props” are loaned or rented to the seller while the home is for sale.
Reseller Vacant Staging: When a “preowned” house is vacant, there is not much else to look at, conditional issues and concerns are amplified and ultimately fixated on by buyers. So while it is important that conditional needs be addressed, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.
Rehab Vacant Staging: When conditional issues throughout a older property are repaired and updated to today’s trends, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.
Model Vacant Staging: While conditional in new construction is not an issue, “life-styling” is. Models typically rely more on projecting a “life-styled” visual appeal then a preowned vacant. A good Stager understands and designs within a specific life-style marketing concept when furnishing, accessorizing and setting a vacant spec / model property.

C is for COST to hire a home stager. What hiring costs actually are depends on how much Talent (knowledge), Time (physical labor) and Treasure (props) a stager provides. If a seller has a limited amount to spend, then the best value a stager can provide is the Consult. For as little as $100 (in some markets) a Stager can be hired to scrutinize a property and provide professional staging advice and guidance. From there it is realistic to expect to pay anywhere from $35 to $75 per hour for a stager’s services. As for props, the fees for renting these items will vary based on just what is being rented and the length of time the items are being rented for.

Sellers are not only realizing the cost of staging will pay off, but actually ARE benefiting from making the investment. Let’s face it; if “time is money” then reduced market time is a great return on investment. So regardless of staging solution proposed, a good stager will do all they can to maximize the return on a seller’s staging budget so that the house sells… 1-2-3.

So there you have it, today’s blog lesson on the A-B-C’s and 1-2-3’s of home staging.

Staging It Forward…
Me

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Use FLOWER POWER to Sell Your Home

Mindy — Sun, 14 Mar 2010 07:05:04 +0000

Before you put your home up for sale in the market, do yourself a favor and take a short walk and a quick drive.

First walk across the street and take a good hard discerning look at your property and then, after your walk, take a drive around your neighborhood and look at how your home measures up to the rest of the homes… whether they are for sale or not. The better you home looks, compared to your neighbors and the neighboring competition, the better chance you have to sell.

Buyers assume the better a home looks outside the better it will look on the inside. So while there may be specific repair maintenance issues that can and should be attended to with your home’s physical structure… don’t overlook the fact that you can fuel your home’s sale with a little FLOWER POWER.

How can you tap into the power of the flower to sell your home? Well consider the following:

Garden beds should be cleaned out, weeded and planted with plants that are appropriate for the time of year and/or region you live in. No need to be exotic… old standard annual flowering plants, like marigolds, geraniums, petunias and impatiens, are typically very hardy and will add color and appeal buyers like. Turn over the dirt or add fresh mulch. Add dirt or mulch to bare areas under large shade trees. Deadhead (remove) blooms on flowering plants once they dye.

Trees, shrubs and vines should be pruned and trimmed. If a bush or tree is dead or dying, remove it and replace it with a similar size and type of plant if at all possible. Cut out any dead wood and cut out or back tree limbs touching the home and/or roof. Overtime small shrubs can grow so large that they become large bushes that need be trimmed back or removed entirely. Remember, people buy homes that are light and bright, so any plant that keep sunlight from entering the in and block the view out should be tended to.

Lawns need to be green, mowed, weeded and trimmed. Reseed bare patches in the lawn. Make sure the edges of all flower beds are clearly defined. Trim grass along sidewalks and the driveway. Pull any weeds or sprouts of grass growing out of cracks in the drive or walkways. Weeds tend to be hardier then grass in draught conditions and therefore stand out in lawns in an unbecoming way. So if you live in an area under water restrictions, be sure to weed the lawn. Oh… and don’t forget to clean up Fido’s lawn contributions.

Decks and patios are common to most homes. But a deck or patio that is actually set with furniture and flowering planters can instantly be seen as a bonus living area. Buyers will most likely tour the inside of the home before the outside. Since the buyer will first see the deck or patio as they are inside looking out. So when setting the deck or patio, strategically consider the first visual impression from the inside looking out onto these outdoor spaces.

Finally, and most importantly, make sure the front door’s stoop/porch is blooming beautiful. As the realtor fumbles for keys, trying to figure out how to open the door, buyers are standing behind looking around with anxious, yet critical, eyes. Yes, this space should be neat and swept clean, but colorful flower filled beds and planters will add welcoming interest and visual appeal like nothing else.

Blooming gardens and well maintained lawns will never scare off a buyer. So in this time when fuel prices are at a record high and the real estate market is at a record low… remember you can always rely on flower power to sell your home.

Bloom It Sold…

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

C4HAP – Foreclosures – Search by Map!

Mindy — Sun, 14 Mar 2010 03:05:04 +0000

Updated Search! We have now added the search capability for Anderson, CA and Shasta Lake City, CA. The link below is the updated link.

The local government is giving up to $65,000 for you to buy a bank-owned home (foreclosure)???

There is a new program available in many areas of California, and Redding, CA and Shasta County are no exceptions. This program, called the Community Foreclosure Homebuyer Assistance Program (otherwise known as C4-HAP or C4HAP) provides funding for homebuyers who need assistance with purchasing foreclosed homes in designated neighborhoods throughout the County of Shasta and the cities of Anderson, Shasta Lake and Redding.

There are a few key points to the program that include:

The program is based off a waiting list
It is only available for a limited time
There will not be additional funding after June 30, 2010
You must be income eligible
You must qualify for a home loan

To search for bank-owned homes that are in the areas that this program is offered CLICK HERE!

Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com

DRE License #’s 01314114, 01458166

http://www.sellingredding.com

http://www.reddingblogs.com

All rules of this program are subject to change and all information about this program is deemed reliable but not guaranteed. All homes in search may not “qualify” for the C4-HAP program, the home has to qualify by meeting certain criteria and appraisal requirements in addition to the buyer qualifying.

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Foreclosure Homebuyer Assistance Program – C4-HAP

Mindy — Sun, 14 Mar 2010 03:05:03 +0000

The local government is giving up to $65,000 for you to buy a bank-owned home (foreclosure)???

There are a few key points to the program that include:

The program is based off a waiting list
It is only available for a limited time
There will not be additional funding after June 30, 2010
You must be income eligible
You must qualify for a home loan

To search for bank-owned homes that are in the areas that this program is offered CLICK HERE!

Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com

DRE License #’s 01314114, 01458166

http://www.sellingredding.com

http://www.reddingblogs.com

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

2% Drop in Foreclosures in February

Mindy — Fri, 12 Mar 2010 17:05:04 +0000

How many foreclosures do you think are currently “active” or available for purchase out of the 1,389 residential listings available on the Shasta MLS? Think about it for a while and I’ll tell you at the end of the post so you can see how well you know our market!

Looking at today’s headlines I found some newly published statistics on the national foreclosure market courtesy of LA Times Online.

A real estate firm reported that the number of homes caught up in some stage of the foreclosure process in February fell 2% from the previous month to 308,524. That number is up 6% compared with the same month a year earlier but marked the smallest year-over-year increase since January 2006, according to RealtyTrac Inc.

I was suprised to hear that California is now ranked fourth in Foreclosures behind Nevada, Florida and Arizona, with 1 in every 195 units being foreclosed upon in February (I thought we would be #2 behind Nevada). Although this report is initially optimistic when hearing the information most in the industry are not as optimistic, knowing that the banks are taking longer than expected to communicate with possible buyers and the sellers of property and many more homeowners that have been struggling finanacially that will be facing the beginning of the foreclosure process soon.

Read the entire article “Fewer Homes Enter Foreclosure Process”

So…if you took my challenge at the top of the post…the answer is 169. There are currently 169 available REPO’s in our market (with another 134 homes “pending” or in escrow).

Have a great day and let us know if we can help you find your REPO!

Clint Cronic, Broker & Mindy Cronic, MBA
Owners, Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com

DRE License #’s 01314114, 01458166

http://www.sellingredding.com

http://www.reddingblogs.com

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!

Debated Homeowner Rescue Plan to Launch April 5th!

Mindy — Thu, 11 Mar 2010 16:05:04 +0000

More news was released yesterday by the New York Times about the new federal program that will actually pay homeowners to sell at a loss! Under the program more homeowners will be in the position to sell their homes “short sale” than ever before…while being given up to $1,500 for relocation expenses when the home closes escrow. Obviously this is a much-debated plan with homeowners that have struggled to stay current on their mortgages being unnerved by the idea of their tax money being spent in such a fashion and banks upset at being told how they will handle their assets.

For more information on the program Click here

Weigh in on your thoughts,we’d love to hear what you think about the new plan!

Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com

DRE License #’s 01314114, 01458166

http://www.sellingredding.com

For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!