Free Over The Net Home Evaluation
Knowing what your home is worth is important information to have if you are thinking of selling your home. With Redding’s changing real estate market you need to have the most current sales data in order ensure you list your home at the right price.[Read more]
What Did The Home Down The Street Sell For?
Curious what the home down the street sold for? We will send you the full MLS printout with price information, photo tour, and listing details.[Read more]
But Wait…There’s More!
March 23, 2010 by Bill Parsons · 1 Comment
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 cash in your hands. That is, if you’re facing the foreclosure of your home. The government program I want to tell you about was created to increase the viability of short... [Read more]
Redding Home Sales for January
February 9, 2010 by Josh Deknoblough · Leave a Comment
Redding homes sales were up when compared to last January, however price per square foot and the median home price continue to decline. The Shasta County MLS has 63 homes sold in Redding for January 2010 and 55 for January ’09. The average sold price per square foot for Jan ’10 was $127 compared to $137 this time last year. The median home price also declined from $241,988 last January to $219,131 this month. Newer homes in Redding continue to hold stronger values with the average sales price... [Read more]
Time To Sell, NOW!
November 5, 2008 by Bill Parsons · 2 Comments
My sister asked my opinion of home values in Redding about three years ago. At that time I suggested, “sell your home now and rent before the financial markets crash”. Needless to say, no one in my family followed my advice. The subject has come up again and I just sent my sister an email with my thoughts, see below. Hello Sue and Uncle Tom, 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... [Read more]
Why the Appraisal Is So Important In Short Sales
November 3, 2008 by Josh Deknoblough · 2 Comments
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 your short sales success. Most banks won’t consider selling the property for less than 85% of the appraised value, some will ask for 90% or above. With that said, it’s critical that the appraisal or BPO comes in... [Read more]
Taxation Of Short Sales And Foreclosures
September 17, 2008 by Bill Parsons · Leave a Comment
We receive lots of questions about tax liability of short sales and foreclosures. As real estate brokers we are not licensed to give advice on this topic however we can lead you to the information that may answer your questions. 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... [Read more]
