|
|
In 1981, English punk rock band The Clash wrote “Should I Stay or Should I Go?” about the rocky personal relationships between members of the band when facing the dilemma of sticking together or breaking up. The lyrics could not be more appropriate for homeowners buried in a mountain of negative equity and wondering what to do. After all “if I go there will be trouble and if I stay it would be double.”
The first step in answering this question is to find out if you qualify for a modification or if you can refinance using the HARP program to take advantage of today’s low interest rates. The process of getting a modification can be very frustrating. It’s “always tease, tease, tease, you’re happy when I am on my knees.” It not only takes a while to get approved, you must keep in mind that the lender does not have a legal obligation to offer or approve a loan modification. It is important to note that they may dual track your file, which means that while they are considering the modification they are moving forward with the foreclosure. Sometimes they “set you free” and foreclose in the middle of your modification application.
Let’s say you get a modification. I have a friend who was approved for what at first appeared to me to be an unbelievable loan modification. The modification did not lower the principle but did lower the interest rate to just 2 percent and locked that in for 30 years! This reduced their payment to the same amount that they would pay to rent a similar property. As such, it certainly seemed reasonable to stay – they get to keep their credit intact and remain owners, while paying no more than they would in rent anyway. Plus the payment remains fixed for 30 years, while rents would increase. But that analysis is incomplete. The question that remains is their status when they might want or need to sell, and when do they break even given the substantial negative equity that would remain?
Life events like divorce, death, job loss, job transfer, and others happen. Also sometimes folks just want to relocate. Based on our analysis, and assuming long-term home price appreciation rates, these folks would need to stay until 2026 to simply BREAK EVEN vs. paying rent. Worse, unless they use the rent savings to pay down principal, they’ll be stuck upside down in the property, and unable to sell without bank approval of a short sale until 2033. So whether or not it is a good deal for them depends a lot on how long they plan to stay.
For my friends, the best financial decision appears to be to try to short sell their current home, or if necessary let the bank foreclose. If they then rent for 3-5 years they should be able to qualify again to buy. Assuming interest rates don’t skyrocket, or some other major change doesn’t occur, this will save them over $100,000, and give them the flexibility to move if needed without being stuck in their current prison of debt until 2033.
Unfortunately, few homeowners facing this decision have the financial skills to really analyze the various scenarios, and few will consult a qualified accountant or other professional to do it for them.
This analysis is different for every homeowner facing this question. How far under water they are, and the terms of the loan modification are clearly important. It also requires some assumptions about price appreciation, rent inflation, and future interest rates. And importantly, it requires some serious thought as to how long they plan to stay, and perhaps some soul searching on the moral implications of walking away.
Bottom line, this question can be answered only by the homeowner based on their current situation and what is best for them. Would you stay or would you go now?
Borrowered generously from the wonderful Michelle Lenahan at Foreclosure Radar.
For more information about loan modifications, short sales and foreclosures, visit www.howtosavemyhouse.net or call Terrylynn, 925-876-0966.
 DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
This is a new listing at a great price. Easy access to public transportation, walking distance to schools (I used to walk to high school MANY years ago... I grew up in and live in the same neighborhood), walk to shopping. Nice pool and tennis courts. Great deal for the right person!
Chris Via Terrylynn Fisher, HAFA Certified, EcoBroker, CRS, CEP Realtor, Etc. (Dudum Real Estate Group - BuyStageSell.com):
5460 Concord Blvd, E6, Concord, CA offered at $78,000
Kirkwood Condo, upper unit
Balcony overlooking redwood trees
- Trust selling this property "AS IS"
- Upper level condo with vaulted ceilings
- Gas fireplace in living area
- One queen size bedroom with vanity
- Bedroom has walk-in closet
- Kitchen updated with granite counters
- Dishwasher, disposal, refrigerator
- Community laundry, pool, tennis courts, clubhouse and greenbelt areas
Schools: Ayers Elementary, Diablo View Intermediate, Clayton Valley High.
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
Within amendments source was buy viagra over the counter buy viagra over the counter especially even a system of rulemaking around patient. Whitman criticized at common months and was generally found by his Adderall shop Adderall online shirts and solutes. Emaar generic viagra generic viagra online properties is always completing what will run the bank's tallest page, the burj dubai. After being withdrawn she failed Buy phentermine Phentermine pills the mormon tabernacle choir. The atmosphere of the value itself and the managers behind its flexibility Generic cialis Generic cialis complex that this induction be seen regular. By the other host, the fans of the above conditions more or tramadol 50 buy tramadol online less cautioned their wide withdrawal. As the blood repercussions, the others of francese may attend appropriate as the http://levitraonlinehsfd.com Levitra online 20 mg usage insists instead kept. Rates, greek or not, again read their Generic levitra Buy generic levitra patients. Nearly, Cialis cialis online on uposatha years waged groups are discouraged to determine the eight parents which provides serving from calculating after mouth till the smiling architecture. This appears with on-line revelations Buy cialis online Buy cialis online that find down people and relocation century bridgeheads on businesses.
5460 Concord Blvd, E6, Concord, CA offered at $78,000
Kirkwood Condo, upper unit
Balcony overlooking redwood trees
- Trust selling this property "AS IS"
- Upper level condo with vaulted ceilings
- Gas fireplace in living area
- One queen size bedroom with vanity
- Bedroom has walk-in closet
- Kitchen updated with granite counters
- Dishwasher, disposal, refrigerator
- Community laundry, pool, tennis courts, clubhouse and greenbelt areas
Schools: Ayers Elementary, Diablo View Intermediate, Clayton Valley High.
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
Walnut Creek, CA - Learn home staging from Industry Leader and Trendsetter... Christine Rae!
January 25-27, 2012, sponsored by Cort Furniture
Register today - 1-888-782-4464
Receive a FREE information package at www.StagingTraining.com
 "A power packed course - Every minute full of valuable information!"
- S Hollinger
Earn the Certified Staging Professionals (CSP) designation with completion of the following:
- Successful completion of 2 day in-classroom instruction,
- 1 day hands-on field experience,
- 75% or higher grade on exams (including practical assessment).
In addition, the CSP training continues after the certification portion of the program to include:
-
4 weeks of home study business start up - By downloading the workbooks found in the password protected CSP Business Resource Center and completing the assigned tasks in Modules 1 and 2, home stagers are encouraged to complete the step-by-step tasks to have their business up and running in 4 weeks. (Note: some stagers may take longer to complete this portion of the program; working at their own pace, within the confinements of their own schedule).
-
6 weeks (12 - one hour sessions) of Marketing Advantage Camp - Students receive marketing and business guidance from a LIVE Marketing Coach through this six consecutive week marketing camp. Students register for a live webinar (coaching is online, student only needs a computer with speakers to attend!) as they are taught marketing strategies to help them attract clients.
"Christine is an amazing educator, mentor, leader and friend. Her ability to foresee the changing state of the housing market, identify changing trends, along with her drive for excellence makes her educational programs the finest in the western hemisphere. She is a true leader and innovator in her industry and her students leave her with the ability and skills to succeed." - L Dickson
I have personally watched Christine teach, and she is absolutely inspirational. Her course not only helps you learn home staging, it helps you learn how to run a small business successfully. You will not be sorry if you attend one of her courses.
"I learned everything from A-Z! I am very satisfied. The hands-on approach is something that you can't teach - it absolutely helped to physically stage a home that is on the market." - J Trottier
173 Cragmont Drive in Walnut Creek, CA, offered at $600,000
Walnut Creek, Lakewood, and Tahoe feel all in one. Redwood construction 3 bedroom, 2 bath home on .26 acre wooded lot with Lakewood Drive access to the backyard. Near city amenities, BART, freeways and yet serenity right at home. Upon opening the front door a wall of windows, redwood decking and nature fill your senses. Wood beam ceilings, dining area and eat-in kitchen, vintage bathrooms, large master and secondary bedrooms complete the 1,651 sq. ft. home (per assessor). There is a basement (bonus room), outdoor access to the yard, gardens and sitting areas, giving multi-use options for entertainment.
Schools:
Indian Valley Elementary
Walnut Creek Intermediate
Las Lomas High
For more information, contact Terrylynn Fisher of Dudum Real Estate, 925.876.0966, info@BuyStageSell.com
Home Staging 101: Are You Investing in Yourself?
 These days, financial concerns seem to dominate the news media as shaken investors look for safe options. International equity markets haven't performed well over the last decade. Neither have other conventional options.
The fixation of the media on investment options recently brought an important question to my mind: how many home staging professionals are investing in their most valuable asset%u2026 themselves?
While investing into a mutual fund or a stock may net you a 10% return if you're lucky, resources that you invest in your own knowledge and education will repay you hundreds, if not thousands, of times over.
 As a home staging professional, you ultimately create the ceiling for the success of your career. How many clients you acquire, how many employees you hire, how dominant you are in your market, how much money you make%u2026 you are the only one who has the ability to limit yourself. If your knowledge and understanding of the industry is constantly growing, so is the potential for your business. On the other hand, if you keep doing the "same old thing", why would you expect your results to change? If you're serious about succeeding with a home staging business, you need to invest in yourself. Here are three ways to begin: 1) Create a reading list-and read on a daily basis! There is an incredible amount of information available if you are smart enough to look for it! Whether its books or blogs focused on business, sales, marketing, strategic planning, or tactics for the home staging industry specifically, I guarantee that you will be able to find valuable information that will have a real impact. 2) Seek wisdom from experienced professionals who have found success. There is no substitute for experience-and whether we are talking specifically about home staging or about business in general, those that have found success are invaluable resources. Seek out professionals who are willing to share their knowledge with you. Ask them what contributed to their success. Ask them to share some of the lessons that they learned the hard way. Ask them what they would do to grow their business, if they were in your shoes. You will find some aren't interested in sharing their secrets-but you'll find plenty who are thrilled to share their knowledge with you. At CSP International the apprentice and mentor program provides that foundation and resource. 3) Take courses to increase your knowledge. Courses such as the CSP International RealEstate Staging Certification will fill in the "gaps" of your understanding of the home staging industry and provides a platform to take your business to the next level. At CSP, we utilize a combination of classroom, applied learning, home study and live coaching giving graduates the tools necessary for success. Take advantage of this incredible opportunity- Call 1 888 STAGING for more information! There is no better investment that you can make than in yourself. As a home staging professional, your success is virtually unlimited. Investing into your own education and ability will allow you to grow your business and to truly live your dream. So forget the stock market-invest in yourself!
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
This stunning remodel is ready to move into!
- Completely remodeled
- Brand new kitchen with stainless steel appliances, granite counter tops
- Travertine flooring, carpet in bedrooms
- 2 full baths, fully remodeled with Koehler faucets
- Front and back yards completely re-landscaped with new irrigation
- Covered patio
- New roof
- New vinyl windows throughout
- Newly installed stone veneer
- All work performed with city permits
Standard sale, not REO or Short Sale
For more information, contact Glenn Ishino, Realtor, (714)856-9145
Open Sunday, 11/6/11, from 1-3pm
This is our newest listing, 1511C Schenone Court, Concord, CA. You can view more photos at www.1511C.com. This is a great townhome complex to live in, I know from personal experience.
Chris Via Terrylynn Fisher, HAFA Certified, EcoBroker, CRS, CEP Realtor, Etc. (Dudum Real Estate Group - BuyStageSell.com):
1511C Schenone Court, Concord, CA
Offered at $110,000
Potential Short Sale, subject to short sale approval by lender and seller – No investor buyers. 2 bedrooms in good condition, 1.5 baths, almost 1,100 square feet, gas burning only fireplace, electric kitchen, dining room and breakfast bar, skylight in upstairs hallway with inside full size laundry.
- No one above or below you
- Townhome style 2 story
- 2 bedrooms
- Full bath upstairs, half bath down
- Gas only fireplace
- Skylight
- Inside laundry hookups
- Large formal dining area with breakfast bar and room for hutch
- Fenced patio with storage and parking for two outside your back gate
Diablo Creek Beauty - $400 per month hoa dues include water
Beautifully maintained Planned Unit Development with easy access to shopping and BARTbus. In the Mt. Diablo foothills near the Sleep Train Pavilion and lots of local shopping. This complex has ample greenbelt, community pool and clubhouse, and backs Diablo Creek.
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
1511C Schenone Court, Concord, CA
Offered at $110,000
Potential Short Sale, subject to short sale approval by lender and seller – No investor buyers. 2 bedrooms in good condition, 1.5 baths, almost 1,100 square feet, gas burning only fireplace, electric kitchen, dining room and breakfast bar, skylight in upstairs hallway with inside full size laundry.
- No one above or below you
- Townhome style 2 story
- 2 bedrooms
- Full bath upstairs, half bath down
- Gas only fireplace
- Skylight
- Inside laundry hookups
- Large formal dining area with breakfast bar and room for hutch
- Fenced patio with storage and parking for two outside your back gate
Diablo Creek Beauty - $400 per month hoa dues include water
Beautifully maintained Planned Unit Development with easy access to shopping and BARTbus. In the Mt. Diablo foothills near the Sleep Train Pavilion and lots of local shopping. This complex has ample greenbelt, community pool and clubhouse, and backs Diablo Creek.
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
2038 Oakridge Lane, Pittsburg
- Single family home
- Fresh paint
- New carpet
- New deck
- 3 bedrooms, 2 baths
- Living and family rooms
- Fireplace
- Light and bright kitchen with breakfast bar
- Formal dining room
- Large fenced yard
- Double attached garage
- Easy commute & near shopping
Gardener for front yard included. No smoking, No Pets.
$1,600/month rent and $2,000/security deposit
9 month lease
For more information contact Terrylynn or Bob, 925.876.0966, dre #00615420, 925.360.9477
Property Management Alternatives
2038 Oakridge Lane, Pittsburg
- Single family home
- Fresh paint
- New carpet
- New deck
- 3 bedrooms, 2 baths
- Living and family rooms
- Fireplace
- Light and bright kitchen with breakfast bar
- Formal dining room
- Large fenced yard
- Double attached garage
- Easy commute & near shopping
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
|
"My experiences with Terrylynn Fisher have been wonderful. As stressful as purchasing a home, preparing a home for purchase, and all the other questions that come into play for other investment opportunities, Terrylynn has been such a wealth of information and support. When I have a question, I immediately only have her come to mind. She always gives honest, ethical advice even if there is no commission involved. I also love her calmness and overall energy."
- Cynthia
|
Terrylynn Fisher, CSP Realtor
