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A tech savvy realtor can help sell your home
Technology and Real Estate
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In today’s real estate market, it has become more important than ever for sellers and buyers to hire a real estate agent who understands how to market their home on the Internet.
The day has past for Realtors who only use old-fashioned sales methods in 
real estate; putting a sign in the yard, putting the property in the Multiple-Listing Service (MLS) and sitting back waiting for the phone to ring.
This method might have worked at one time, but no more. Consider these facts:
- In every age group, newspaper readership is down. This trend will only continue. Have you tried to get a teenager to read a book lately? Many are too busy using their text message.
- According to a recent study published on Realtor.org “Nine out of 10 home buyers use Internet in the search process…”
So when you are interviewing a real estate agent to sell your Colorado Springs home: Read the rest of this entry »
What are the credit consequences on a short sale?
Part VII in Short Sales Series for Colorado Springs Home Owner’s
Related Previous Posts:
- Colorado Springs Homes, 4 things to know about a short sale – Part I of Short Sales Series
- Avoid Foreclosure, Know Your Options – Part II of Short Sales Series
- Colorado Springs Home Foreclosures – 11 benefits of a short sale – Part III of Short Sales Series
- The final step in the Colorado Foreclosure process – Part IV of Short Sale Series
- How long does it take to do Colorado Springs Short Sale? – Part V in Short Sale Series
- Are there tax ramifications to a Colorado Springs Short Sale – Part VI
Are there any credit consequences to a Short Sale?
As I continue to do more and more Short Sales for home sellers in Colorado, I frequently get asked this question. It’s a fairly simple answer, as the moment a home owner get 30+ days behind on their mortgage payment, the bank will probably report this information to the credit bureau. When a late payment is reported; it does have a direct affect on your credit.
It’s also important to note that when the actual Short Sale is completed, many lenders will report that the account was “paid in full for less than the full amount.” A credit report may also be marked as “settled.” Each lender has a different way of reporting that a Short Sale was done, but this seems to be the most common language that is seen. Read the rest of this entry »
