Hayes Realty Group

John J Hayes Always stay on "PAR" with your real estate needs Serving Sacramento, Folsom, El Dorado Hills, El Dorado County      Friday July 21st, 2017

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Folsom Category

El Dorado Hills Short Sales: Why Is Everyone So Negative About The Housing Market?

said May 14th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The tax credit expired and everyone turned negative on the housing marketing. One so called expert said we could see headlines about the real estate market crashing again. Another said that the housing market is going to continue it's decline for another years or two. He referenced an article that showed that mortgage applications dropped by 9.5 percent the first week after the tax credit expired. I don't want to apply for the job of "Amateur Economist." Here...

Folsom-El Dorado Hills Short Sales: How Do You Handle Multiple Offers?

said May 12th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from another agent. Here was her question. "I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you've already submitted one to the lender, does it reset your timeline to the beginning? Do you just put them in backup position? What about the poor buyer whose offer...

El Dorado Hills Short Sales: Will My Lender Set The Price For My Home?

said May 7th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop foreclosure Institute recently received a question from Steve about short sales. Here was Steve’s Question. “I am interested in a short sale. I just have a few questions about how the process works. Does my lender set the price for the property. And, will that price include the realtor fee? Sincerely, Steve.” Here was our answer. Steve, in most cases the lender will not set the asking price for your home. In most cases,...

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Tom about short sales. Here was Tom’s Question. “My Ex-wife decided to Short Sell our former house. Unfortunately we both signed the mortgage when we bought the house together. I think that means I am still liable for the debt. She got the home after the divorce. The court gave her the home in the divorce. The market has declined and the house is worth about 120k less...

Another Common El Dorado Hills Short Sale Myth: The Foreclosure Process Goes So Fast That I Don’t Have Time To Short Sale

said May 2nd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop foreclosure Institute recently received a question from Susan about short sales. Here was Susan’s Question. “My home is scheduled to be going on the courthouse steps in about 2 months. I had thought about short selling, but a friend told me I wouldn’t have enough time to do it. Because of that I didn’t pursue a short sale earlier. Recently I decided to look into it further. It looks like a good option compared to...

How A El Dorado Hills Short Sale Helps Preserve Neighborhood Values

said April 24th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Yes, short sales actually help preserve home values in a neighborhood. Here is why. Most people short sell their home while they are still living in the home. They are maintaining the home, mowing the yard, keeping the air conditioning on, etc. Most bank owned properties are empty for 3-6 months, if not longer. No one maintains the home during that time period. Empty homes are easy targets for vandalism and thieves. The grass and yard get overgrown....

How A Folsom-El Dorado Hills Short Sale Helps Preserve Neighborhood Values

said April 23rd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – Yes, short sales actually help preserve home values in a neighborhood. Here is why. Most people short sell their home while they are still living in the home. They are maintaining the home, mowing the yard, keeping the air conditioning on, etc. Most bank owned properties are empty for 3-6 months, if not longer. No one maintains the home during that time period. Empty homes are easy targets for vandalism and thieves. The grass and yard get overgrown....

Folsom Ca Market Update 2014

said April 22nd, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Click Here To View Active Listings In Folsom Ca We have seen an increase of homes in Folsom for the month of March 2014. Days on market are running about 30-45 days. SP/LP we are running about 98%-101%. Folsom is seeing an increase in Buyers right now with home buying in full swing. Click Here To View Homes Sold In Folsom Ca Feb-April Thanks for reading this, John J Hayes. John J is a Real Estate Agent at RE/MAX Gold. Phone: 530-306-3316. [email protected] "Hard...

El Dorado Hills Short Sales: Is this a reasonable offer from a buyer of a short sale property?

said April 14th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer. Here is an example of a recent story where this happened. A buyer makes an offer on a short sale. 1. The buyer puts no money in deposit for the home. In other words, they have about zero risk. (Meanwhile, the seller is still...

Folsom-El Dorado Hills Short Sales: Renters trashed my house. What should I do?

said April 10th, 2014 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it! I could rent the house out again, but I would have to spend several thousand dollars fixing it up first. What would you recommend that I...