Foreclosures vs. Short Sales
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Chambersburg Office Sales Meeting (November 11, 2014). Includes October market statistics, discussion about deposit money, Foreclosures vs. Short Sales, Homesale Realty's Luxury Collection Program, and Fall Buyer and Seller Guides.
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Foreclosures vs. Short Sales
- 1. November 11, 2014 1 CHAMBERSBURG OFFICE SALES MEETING Luxury Collection Short Sale vs. Foreclosure Seller/Buyer Guides
- 2. 2 OCTOBER MARKET REPORT • Listings UP • Pendings DOWN • Days on Market UP • Prices FLAT • Absorption rate is 8+ months (6 months is a balanced market) • Seller’s need to price properties realistically
- 3. 3 DEPOSIT MONEY What does the agreement of sale say about what happens to deposit money if the transaction falls apart?
- 4. FORECLOSURE VS. SHORT SALE 4 Confusion is Rampant
- 5. 5 1. EXITING THE HOMES Public Notices vs. For Sale sign
- 6. 6 2. LENGTH OF TIME +/-11 months vs. +/-6 months
- 7. 7 3. DEFICIENCY JUDGMENT Yes vs. No (maybe)
- 8. 8 4. FUTURE MORTGAGE Wait 7 years vs. Wait 2 years
- 9. 9 5. CREDIT SCORE & HISTORY Negative Impact vs. Some Impact
- 10. 10 6. SECURITY CLEARANCES Negative Impact vs. Almost Never
- 11. 11 7. EMPLOYMENT Possibly vs. Almost Never
- 12. 12 8. PAPERWORK Ignore Mail vs. Stacks and Stacks and . . .
- 13. 13 9. TAX RELIEF Little Impact (usually) vs. Forgiveness (for now)
- 14. 14 BE CAREFUL YOU ARE NOT AN ATTORNEY OR ACCOUNTANT
- 16. 16 LUXURY COLLECTION Qualifications • Pricing: PA - $500,000 MD - $650,000 • Excellent condition • Value must be in home NOT land
- 17. 17 ADVANCED PROPERTY MARKETING SYSTEM Distinctive Luxury Collection Signage
- 18. 18 ADVANCED PROPERTY MARKETING SYSTEM Brochures & eCards (Marketing REsource)
- 19. 19 ADVANCED PROPERTY MARKETING SYSTEM Postcards (XpressDocs)
- 20. 20 ADVANCED PROPERTY MARKETING SYSTEM Online Luxury Collection Magazine
- 21. 21 ADVANCED PROPERTY MARKETING SYSTEM • Posted on highly visible websites: Homesale.com, HomesaleLuxury.com, Issuu.com, and Facebook.com • Appears on news feed of up to 30,000 Facebook users • Copy e-mailed to every Homesale agent
- 22. 22 ADVANCED PROPERTY MARKETING SYSTEM HomesaleLuxury.com
- 23. 23 ADVANCED PROPERTY MARKETING SYSTEM • Overview of Luxury Collection program • Syndicated to over 32,600 real estate websites
- 24. 24 ADVANCED PROPERTY MARKETING SYSTEM Facebook.com/HomesaleRE
- 25. 25 ADVANCED PROPERTY MARKETING SYSTEM Pinterest.com/Homesale
- 26. KEEPING CURRENT MATTERS 26 KeepingCurrentMatters.com Do you know what is happening in the marketplace?
- 27. KEEPING CURRENT MATTERS 27
- 28. KEEPING CURRENT MATTERS 28
- 29. KEEPING CURRENT MATTERS 29 • Each 14 page booklet can be customized to agent • Keep your Buyers and Sellers informed on what is happening in the marketplace • Send me an e-mail requesting copies and I’ll send both Buyer and Seller booklets, branded to you, in PDF and PowerPoint format
- 30. 30 ABOUT THE PRESENTER Tom Blefko is a real estate broker with over thirty years experience in all facets of the residential and commercial real estate industry including sales, leasing, office management, property management, development, construction and training. During the course of his career, he has been an award-winning salesperson and assisted other agents in negotiating and closing over one thousand real estate transactions. Contact Information: Tom Blefko, Associate Broker Berkshire Hathaway Homesale Realty Office: (717) 267-3222 Cell: (717) 587-6600 E-Mail: TBlefko@Homesale.com