Advice

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How long do banks take to reply on a short sales?

Answer

It can depend on many factors, including the bank, listing agent, sellers, etc.  We have closed short sales in 45 days and others take many months.  The listing agent or negotiator has to be in contact with the bank consistently, I recommend once a week at minimum.

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how can i find out past sale home prices?

Answer

Have a top real estate agent come out to give you an assessment of your homes value.  Their assessment should include properties that have sold in the area with similar square footage, upgrades, etc.

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how can i sale my home fast in good price

Answer

I recommend you price your home favorably to the other closed sales in the neighborhood and usually about 5% below those. Also, fix up the house and make sure you are using a top agent in the area who will give your home the widest exposure. 

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Shortsale? Foreclosure? Continue to Rent? Other Options?

Answer

One option is a lease with an option to purchase (with very little money down).  This can be beneficial because it will set the value, potentially 2-3 years down the road, depending on when you plan to purchase.  You can also put up to 50% of your rental toward the purchase.  The upside is if you see the market moving up you can execute the option to buy at any time.  You can also put in the contract that you have 2 independent appraisals done on the property.

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