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 September 22nd, 2017

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Folsom Category

Who Benefits From A El Dorado Hills Short Sale?

said October 15th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Even though lenders pretend to hate short sales, they actually benefit from short sales. Let me explain why. A lender gets to sell the house at today's price, versus what it will be worth 6-12 months down the road. We just did a comparison and pulled up sold listings. All of the listings were the same, very comparable, and located in 3 similar, comparable neighborhoods. All were less than 2 miles apart. First, we looked up the average...

Trying To Short Sale Your El Dorado Hills Home, But Worried The Lender Might Foreclose On It First? Try This.

said October 9th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Short sales can drag out. It takes 1-2 months to sell the house. Then, the short sale negotiations start. They can drag out for 3-6 months. In the meantime, if you aren’t paying on the mortgage, then the lender will be trying to foreclose on the house. Here is a tactic you can use to delay the foreclosure process and even stop a foreclosure sale. Here is a story from Alberto where he explains what to...

A Common Folsom- El Dorado Hills Short Sale Marketing Mistake: Not Marketing Your Home To Their Buyers

said October 7th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – Here is a story that illustrates this point. An agent I know was hired to sell a 30 acre tract of land. Several months earlier they had spoken with a buyer that was looking for a similar property. However, the buyer had said they were looking for something closer into town. So the agent never told them about the 30 acres. Another agent did tell them about it. They notified the buyers about the property and they decided...

A Common Misconception: Buyers Don’t Like Folsom- El Dorado Hills Short Sales

said September 30th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market. They know that they are more likely to buy a home at a fair price when they buy a short sale. We never have a problem getting buyers interested in our short sale listings. We have even had buyers fight over certain short sales. In one instance, we received...

A Common El Dorado Hills Short Sale Marketing Mistake: Not Using the MLS Properly

said September 27th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – This MLS Mistake could cause the right buyer to never look at your home in the first place. The Multiple Listing Service (MLS) is the first place an agent representing a buyer is going to look for homes for sale. (The Multiple Listing Service, which I will call MLS for short, is the database of homes for sale that all realtors in a certain area share. When an agent has a buyer and their own homes for...

El Dorado Hills Short Sale Question: Should I Short Sale My Rental?

said September 24th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Ryan. Here was Ryan's question. "I own a rental house. When I bought it, the rent covered the mortgage and all the other payments. However, rental rates have declined in my area and the rent no longer covers the mortgage. Besides that, I had to write a big check to fix the roof and carpet. i am sick of the money drain. Besides that, I am now upside...

El Dorado Hills Short Sale Question: How Is Short Selling A Rental Different From Your Personal House?

said September 22nd, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The Stop Foreclosure Institute recently received a question from Brett. Here was Brett's question. "How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone short selling their own home? Brett." Here was our answer to Brett's question. Yes, short selling a rental property is much different. (The scenarios below are for...

El Dorado Hills Short Sales: Does ABC Bank Really Care About Their Customers?

said September 19th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Doesn't it annoy you when you hear a large national bank's hold music tell you that they care about their customers? Their hold music sings their praises: "We are (Insert your bank's name) appreciate your business. We offer the best customer service in an effort to earn your business." If you ever feel we are not upholding the standard of excellence in customer service, then please let us know", it says. Arrrrggggghhhhh!!!!! I hate that! If you have...

A Common Folsom–El Dorado Hills Short Sale Negotiation Mistake: Letting Your Ego Get Involved

said September 17th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom-El Dorado Hills CA – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation. I have seen people kill a potential sale to a person that would have been willing to pay top dollar for a property because they didn't like the person. Or, the buyer started negotiations with a low ball offer and the seller got offended. "I refuse to negotiate with someone who insulted...

A Common El Dorado Hills Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer

said September 13th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Many times you will feel pressure to reply right away to an offer. But, that doesn’t mean that you shouldn’t negotiate. Buyers are impatient and if they really like your house, then they will want an answer to their offer right away. But, you know what else that means? It also means they are probably willing to pay more for your property. Take the time to talk to your realtor. You need to take a little time...