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Kevin & Naomi Kieffer's Advice

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Kevin & Naomi Kieffer wrote:

We are planning to sell our home in March/April of 2015,

Answer
With your home sale approximately 18 months out at this point, I suggest touching base with a Realtor now and perhaps getting a email based Market Snapshot set up so you can start tracking the market. It is possible that price movement in either direction may escalate your selling plans. As far as your listing goes, you will want to touch base with Realtors in the December 2014 time-frame to get an idea of what your market value range is going to be in the following spring market. Most Realtors can get with 3-5% accuracy as December traffic is a good indication of what is around the corner in spring. At that point, they may also provide some good suggestions for items to take care of prior to going on the market such as landscaping, painting, staging etc. Cheers! Kevin R Kieffer Broker Associate Danville, California
August 26 2013
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What to do when heirs of an inherited home do not agree on how to sell?

Answer
Selling by owner could loose money for the family as there are many factors that go into pricing / marketing a home that often result in higher sales prices. It would be ideal to have all parties together for a meeting with the Realtor who is offering services. Hearing the benefits of using a real estate professional and upside to the return may be enough to sway # 3 into moving forward with the use of a Realtor. Kevin R Kieffer Broker Associate Keller Williams Realty offices in Danville & Walnut Creek, CA
February 21 2013
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I would liketo sell my house but am underwater with a second mortgage. Can I sell it?

Answer
Absolutely! If you are underwater at the point where only your 2nd loan will be impacted, then yes, you can do a short sale. The good news is the 2nd will get nothing at a trustee sale if the 1st mortgage is equal the value of your home. 1st receives all proceeds. So 2nds are generally very open to settling a short sale so they can get some proceeds. Meaning they may settle with you for some proceeds or may just write off the balance. I have seen them do both.Check your area market values as home prices are moving up steadily and you may not be as short as you think you are and may be worth hanging on as the recovery continues. Kevn R Kieffer Broker Associate with Keller Williams Realty Danville, CA 94526
January 31 2013
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Any other options beside a short sale or foreclosure if house is worth less than you owe?

Answer
Due to the strength of the rental market throughout most of the US and presumably in your area of NY, I suggest running the numbers on renting that home out. There are significant tax advantages of owning rental properties and your upside on equity improvement for the long term on that home is highly likely. You can use the income on the lease to qualify on your new home but keep in mind your debt will also show as a liability. Check with you lender on that as a possibility - Kevin R Kieffer Broker Associate - Keller Williams Realty - Offices in Danville & Walnut Creek, CA
January 27 2013
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Can I cancel my real estate listing before contract is up if unhappy with agent?

Answer
Most states will require you still pay commission if you cancel before the end of the listing. In most contracts there is very specific language related to Inhibiting a sale which would include canceling Prior to end of listing date. Kevin R. Kieffer 
December 07 2012
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Can you sell off some of your property if you still owe on your mortgage?

Answer
I believe what you are asking is "can you sell a percentage of your property and form a TIC while holding a mortgage". Nearly every note states a due in full clause upon transfer of ownership which means any portion of the home being transferred to another party. If you chose to sell a portion of the home to someone, the bank would be notified by their servicer and call your note due in full as you would be in default at that time. Check your note to be sure that clause is in effect but I am fairly certain you will see it in there as that as it is a common protection clause. The best way around it is to refinance with the new party on the note and record it as TIC (tenants in common). Cheers! Kevin R. Kieffer, Broker Associate, Northern California - Walnut [Phone removed by Zillow moderator] /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-bidi-font-family:"Times New Roman";}
September 28 2012
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How long after purchasing a home can you sell it? (state of Ca) is there a time period?

Answer
There is no required time frame to hold real estate in California. Once you have title, you can sell immediately. There may be tax consequences if capital gains are involved but other than that you are able to sell anytime you choose. Kevin R Kieffer, Broker Associate with Keller Williams Realty - Offices in Danville & Walnut Creek [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
August 29 2012
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Has the Real Estate Market Bottomed????

Response
In the Bay Area (Northern California), there are signs of a bottoming market. Inventory has shrunk considerably. The new listings coming on the market are frequently selling at or above asking and often selling above the most recent comps. This is a good indication of more demand than supply. This activity is being seen within 30 miles of San Francisco in market such as San Ramon, Danville, Alamo, Lafayette, Walnut Creek, Pleasant Hill, Martinez & Concord. From my perspective, there are isolated markets with great demand due to locations that are near cities with some level of employment growth such as San Francisco.Kevin R. Kieffer, Broker Asscoicate, Keller Williams Realty, Danville, CA[sales photo deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
July 26 2012
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How do you choose your real estate agent?

Answer
The best first step to choosing your agent is to research the internet for local area experts who know your market. This is the most efficient method of identifying the top tier agents. Once you identify three agents with local area expertise, interview them either by phone or in person. Check their reviews either on Zillow or ask them for references. You should get a good feel for the right professional for the job after following these steps.Kevin R Kieffer, Broker Associate, Danville, CA 
June 17 2012
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I always received letters from people who wants to buy my house in Phoenix AZ. Are they really trust

Answer
I believe they are sincere, however, likely their motive is to purchase your home below market. Their hope is that you are not in tune with the market and you are willing to negotiate principal to principal with no professional guidance. I receive these letters from similar type buyers for the rentals I own and it is nearly the same letter from every party. So technically not a scam but they are just hoping to get a good deal off a non savvy seller. It is highly recommended to direct them to your Realtor and if  you do not have one, locate one and have some comps pulled on your home so you can get the proper value should you entertain an offer. Kevin R Kieffer, Broker Associate, Danville, CA
June 17 2012
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