selling

Redding Home Prices – How Much is My Home Worth?

One of the most-asked questions we get is how much are homes selling for in Redding? As REALTORS we use a series of steps in determining a home’s value. One of the steps involves checking the recent sales price of similar homes, also known as comps or comparables. If you’re curious about the value of… Read More

Selling Your Home? Don’t Make This Mistake

I’ll get right to the point. There’s only one reason a home doesn’t sell. It’s priced wrong! That is, the price is too high. So, how does one come up with the correct price? Most people start by calling several REALTORS. Each REALTOR prepares a comprehensive Market Analysis and they each recommend a specific sales… Read More

But Wait…There’s More!

There couldn’t be a better time to walk away from your house! As a refresher, see my blog post from November 5th 2008 regarding the short sale process and the “Cash For Keys” some lenders offer homeowners as an incentive to go away quietly. I’m posting today about another government program that could put some… Read More

Redding Home Sales for January

Redding homes sales were up when compared to last January, however price per square foot and the median home price continue to decline.

What’s In a Short Sale Package?

If you are considering a short sale your lender will require a list of documents that will need to be faxed with your offer.

Time To Sell, NOW!

Well, actually this is your second chance to sell your home (if you have equity). There will be a window of opportunity between now and when Obama’s plans go into play.

Why the Appraisal Is So Important In Short Sales

At some point in your short sale process the bank will want to know what the property is worth. They do this by ordering an appraisal, Broker Price Opinion (BPO) or both. Whether the bank sends out an appraiser or a broker to do a BPO the result of their evaluation will make or break… Read More

Taxation Of Short Sales And Foreclosures

On December 20, 2007 the Mortgage Forgiveness Debt Relief Act of 2007 was enacted. Usually, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable. The Mortgage Forgiveness Debt Relief Act of 2007 allows you to exclude certain cancelled debt on your principal residence from income.