Lifestyle of Long Beach offers advise on avoiding Foreclosure

Long Beach Homes for Sale Present: Short Sale Tips

Short Sales Stop Foreclosures: Why we should avoid Foreclosures

Sometimes things don't go as we hoped they would. But this doesn't mean that we have to give in and lose even more than our property. It is important to know your options when quick decisions have to be made. If funds fall short and you are no longer able to make payments for your piece of real estate in a timely fashion it is vital that you try and keep a good face by making smart decisions. If you need to sell your home in order to stay afloat, choosing to do a short sale instead of foreclosure is the right move.  Lifestyles of Long Beach and Ricardo the Realtor have some advice in regards to the advantages of doing a short sale vs. foreclosing your home. 

Know Your Terms:

Foreclosure is a forced sale of an asset

Foreclosure is when a lender legally forces the sale of the asset used as collateral for a loan to attempt to recover the balance of a loan from a borrower who has stopped making payments.

Short Sale can help you avoid foreclosure

  
A Short Sale is an arrangement between the current owner of a home and the current mortgage lender holding the mortgage to sell the real estate and accept an offer for less than the total amount owed to pay off the home loan. The lendee must encourage the lender to agree to this. Therefore, you must pursue this options a soon as you start falling behind in your payments.

 

 

Credit Score:

A foreclosure can affect your credit score from 250 to over 300 points. The affect will last for over 3 years and will remain on your credit history for 10 years. If you provide payments on time and regularly, a short sale will not affect your credit score. A short sale will not be shown on your credit report and when the transaction is complete, the loan will be shown as paid in full providing a positive score. Ricardo the Realtor advises to keep your Credit score looking good for when you plan on buying a home in the future.

Employment options will be effected by Foreclosure

 

 

Employment:

When deciding whether to foreclose or do a short sale, it is important to factor in how this might affect your employment.  Believe it or not, bad credit can effect whether or not you can get and keep the job of your dreams. Many sensitive positions or those with security clearances do regular credit checks on their employees. An individual having bad credit is enough grounds for immediate termination. Furthermore, most employees check credit reports when hiring on new employees. Becoming less employable will definitely make a hard time worse.  Foreclosures will be placed as a black mark on your credit report significantly effecting your score.  On the other hand, short sales are not put on your credit report, therefore they have no negative effect on your credit score or your employment options.

Future Loans:

What choices you make now could lead to worse options later. When in the future you apply for another loan, you will have to inform the prospective loaner of your previous foreclosure. They will add this into consideration when determining your rates. On the other hand Loan Officers will not request  acknowledgement of a previous short sale. Long Beach Homes for Sale highly recommends utilizing a short sale to ensure you have the highest chances of aquiring a future loan with the best rates.

Foreclosure is the worst option. You will lose your house and additional moneys can be claimed against you by the lender to cover their cost due to the foreclosure. It is important to look at your options in such a difficult time and consider having a short sale. The long term effects of a short sale are much less detrimental than those of foreclosure. Your credit score, employment options, and future loan requests will all be much better off. In order for you to have a short sale as an option remember to keep in good standing with your Loan Officer and to ask for this option as soon as you know you will not be able to make the loan payments on time.

Staging your Home = Selling your Home

Lifestyles of Long Beac and Real Estate Present: Staging your Home Tips

 

Lights, Cameras, SOLD!

 

 

Staging your Home by Ricardo the Realtor and Team

We think of our homes based on how they fit our lives and needs. Our lifestyles set the parameters of how we choose to create our living spaces. Often when we determine the functionality of a room we keep it that way. It’s very common to keep furniture, and decorations in the same spots for ages. When we choose to sell our home, it is important to take a step back and see how dynamic our space can be. It’s up to us to transform this property that we have thought of as a home into an attractive abode for others. Staging a home is an art but Lifestyles of Long Beach  have put our heads together and come up with a couple tips that can start you off on the right track.

Less Furniture Makes a Room Look Larger

The Stage: Making your Space have more Space

Sometimes less is more and when it comes to furniture this is great rule to follow. A space will feel larger and less cluttered by removing excess furnishings from the area. Try moving around some of your furniture to different rooms and see if that can help you get more space without actually having to get rid of anything. In addition, by placing the furniture to the center of the room you can create a comfortable grouping.  This can help traffic flow and make the space more user-friendly.  Get rid of any clutter around the home, this is an inexpensive way to increase the feel of sophistication. Transform any rooms that usually serve to gather junk into cozy yoga nooks or relaxing reading rooms by removing the hodgepodge and adding a comfortable seat and a kooshie rug. Long Beach Homes for sale suggests cleaning up your closets. This will make them appear to have more space which is a feature high on many buyers lists.

A New Coat of Paint Freshens up a Room

Make-up: Pamper the Property with Paint!

Adding a “fresh coat of paint” can make a big difference to how old a house feels. Look around your home and see what surfaces might look a little faded or scuffed up. Inside and out all of your walls should look fresh, clean, and vibrant. An addition of a pleasant neutral color on an accent wall can draw attention to a dramatic fireplace or a lovely set of windows.  If you have a small kitchen and dining room, painting both rooms the same color will make them feel like one big space. Adding a coat of paint to the kitchen cabinets can make the room look fresh and clean. Purchasing new cabinet doors, drawer fronts, and dishwasher panels can revitalize your kitchen. If not, laminate paper, which goes on like contact paper, can be used to re-cover the existing panel. Consider painting over old bathroom tiles, stairs, or decks if they look worn or weathered. Make sure that any repairs that you started are completed. Unfinished projects can scare off potential buyers.  Besides they cost you less to fix than buyers might deduct from the asking price. Ricardo the Realtor and his team give the  example of repairing or having a floor professionally waxed will cost a little but will increase the value of your home. Send us your contact information and we can send you and exclusive 10% off Coupon for Lowe's!

Inexpensive Accessories can be found in your backyard!

 

Props: Accessorize, Accessorize, Accessorize!

Adding little touches here and there can make a home more welcoming and entice timid buyers to be more interactive and therefore more interested.  Take a look around your garden and see if there are any clippings that can become a beautiful spring bouquet or a blazing fall wreath. Accessories can help in reinventing spaces that will inspire buyers.  Place a table in a pretty window area and top it with buffet lamps and elegant stationary to transform it into a beautiful writing desk. In the main bathroom, accessorizing can make buyers feel like they're in a spa. Put out items like rolled-up towels, decorative baskets and candles. Adding little touches to your home is a great way to create a polished look, and it doesn't cost much to do.

Each room is important to consider when staging your home.

 

Now it's Your Turn!

It is important when you decide to sell your home that you take the time to make the property presentable. First impressions are very important and might be the only chance you get!  Make efforts to freshen up old paint jobs and complete home repairs. Work on adding personal touches of elegance to what might normally be ordinary spaces. Everything you do to make your home be effective for staging will make you that much closer to selling! Contact Ricardo the Realtor and his team when you are ready to sell your home. We can assist you in the staging of your property and are connected with some of the best staging companies in Long Beach.  


Interested in moving to Long Beach? Have a home in the Long Beach area that you want to sell to a nice family? When you list with our team it is our goal to have your property sold. So get ready for a professional sales push that will produce the best results. If you have any reservations then talk to us and lets make sure that you are making the right decision together.  Ricardo the Realtor and his team are available to assist you in all of your home buying/selling needs.

Belmont Heights Executive Condo Lifestyle and Ocean View - Long Beach Real Estate

Belmont Heights Executive Condo Lifestyle and Ocean View -  Long Beach Real Estate

Belmont Heights Condo For Sale 1 Bedroom, 1 Bath

Sitting on top of a hill, the Pride of Belmont Heights Condo Complex. Here you will find a huge 1 bedroom  1 bath condo with an Pacific Ocean view. This Executive unit has a remodeled and upgraded kitchen and bathroom with new wood floors. The bedroom is very spacious with a large walk in closet. The kitchen has new stainless steel appliances, new cabinets and counter tops. The bathroom has been upgraded with new vanity,counter top, sink, swivel full length mirror with hidden storage areas and it has also been equipped with inside washer/dryer hookups. You must see this unit to truly appreciate it with its patio and ocean view.

Long Beach Real Estate For Sale- Belmont Heights, Belmont Shore, The Peninsula, Naples Island, Belmont Park, Alamitos Heights, Spinaker Bay, Del Lago, Bay Harbour, Spinaker Cove, Virginia Country Club, Bixby Knolls, California Heights, Rose Park, Carroll Park, Signal Hill

Ricardo Perdomo 

Real Estate Agent
Coldwell Banker Beachside
562-533-4003
RTR@RicardoTheRealtor.com

Long Beach Real Estate For Sale- Belmont Heights, Belmont Shore, The Peninsula, Naples Island, Belmont Park, Alamitos Heights, Spinaker Bay, Del Lago, Bay Harbour, Spinaker Cove, Virginia Country Club, Bixby Knolls, California Heights, Rose Park, Carroll Park, Signal Hill