7 Things That Repel Homebuyers

It is not hard to stumble upon a home owner, who has a house to market, but no prospective buyers. The buyers, who do come looking also disappear without making a purchase. When you are a home seller, then surely you’ll want to stay away from this situation yourself. An unsold property starts to gather a foul reputation. You want to avoid this circumstance. So, what might be the problem? Your house may have some things acting as repellant to buyers. Here are 7 things that repel homebuyers

  1. Deplorable smells

Nothing is more of a turn-off than ambulating into a house that has a smell. Before you sell your home walk through with a friend, a Realtor, or someone you can rely on to give you an equitable opinion. You will need to dispense the source of any lamentable odor as fast as possible. Pets are big culprits, particularly cats. If you have a cat, kitty litters need to be cleaned as often as possible and kept, if possible, in a remote place or out of sight.

Wall to wall carpeting can harbor lamentable smells as well, especially if pets are present in the home. Clean all carpets professionally prior to listing your home. If you have a fan above your stove get in the habit of using it customarily to avoid smells from cooking foods with categorically strong odors, such as fish, the night before an open house or a showing. If your basement smells dank and musty consider buying a dehumidifier to clear the air of moisture and odors. You can pop some chocolate chip cookies in the oven, or maybe an apple pie . While some smells are offensive to home buyers, some are very inviting!

  1. Unkempt yards, untrimmed bushes

Nothing is much more unwelcoming than pulling up to a potentially haunted house! Make sure the yard is nicely mowed, all bushes and hedges are clipped. You can easily add or fix up your landscape garden with fresh or potted plants. The outside of your house is the first thing that will be seen. Let it be a great reflection of you along with a great indication of what’s yet to be seen inside.

  1. Outdated wallpaper

40 to 50 years ago, wallpaper might quite have been the rage. Unfortunately, those days are gone. Since most people pick a very special wallpaper to accompany certain furniture, it is highly unlikely that the next person to buy the home will have the same taste. A Wall paper on an accent wall can certainly be a neat feature. However, using paint and stencils could still be your best option mainly because it would be easy to paint over with neutral colors if it’s not to the taste of the client.

  1. Dirty house, especially bathrooms and kitchens

Having a home on the market is tough and it’s hard work, especially if you have young children at home. If you do not have time to clean your house daily, and actually, nobody does; focus on your kitchen and bathrooms. Make sure that floors are vacuumed and free of spills, crumbs and dirt. Ensure that counters are wiped clean and no dirty dishes lie in the sink.

Don’t just hide them in the oven for a quick fix, homebuyers are curious and might look into the oven and any drawer or cabinet that might be open! Keep a set of clean, dry towels on hand for the kitchen and bathroom for display purposes.

  1. Messy house

This is certainly an extension of the last point. The average home buyer has trouble looking past clutter and mess. Simple, easy tasks, can make the difference. If you have children you know that clutter is inevitable. You can consider using wicker containers. They are cheap, efficient and look nice in your home. Invest in a few wicker baskets as a quick way to stash toys when you don’t have time for an overhaul.

Laundry is the hardest thing to always watch out for and is the most time consuming. For those who don’t have enough time to wash, fold and put away your laundry daily, pick up a pair extra wicker baskets to stow away clean, folded laundry so it doesn’t appear to be an eyesore. In the kitchen area as well as in the bathroom, clear away bottles and containers. Bowls of clean fruit and vases or pitchers of fresh flowers not only look really pretty but usually provide some wonderful scent.

Most buyers do not look past what they initially see to determine the potential value of a house. They simply plan to walk through imagining their house furniture, heirlooms and personal belongings in various spots at your house. That is tough to do when the sink is brimming with dirty dishes; the living room is a mess and many of the floors need vacuuming. Go through each and every room and make sure it’s all really clean.

  1. Poorly lit places

No one wants to enter a dark house, especially someone who would like to buy your house. If a home is too poorly lit they can tend to question what you are trying to hide. Replace dim or burnt out lamps with high energy, bright bulbs to brighten your home. If need be, pick up a handful of stylish lamps that won’t only brighten the home but can add to your home decor. If you own big windows, take advantage of them. Make sure they’ve been clean and make sure that drapes and curtains are not blocking the natural sunlight. When it concerns selling your home, lighting really may be everything.

  1. Half-truths

With the help of advanced technology it is easy to put together a large number of digital pictures and even a video of a home. These items, alongside the descriptions, should be as accurate as possible. Putting up a description that omits the fact that a home is just a few feet off a train track or a snapshot that misleads about the size of a room may turn off not just buyers but agents as well.

Sample Hardship Letter for a Mortgage Loan Modification

Are you behind on your mortgage? If you do not think you’ll be able to get under the current terms of your mortgage, but you are willing and able to be make payments, you might want to consider applying for a loan modification from your lender. If so, you need to write and submit a hardship letter with information about the circumstances that led to the current financial situation combined with a request to consider other loan terms.

Through a mortgage hardship letter, debtors inform creditors that they’re unable to make their mortgage payments. This letter describes the occasion or motive for their incapability, examples of which include being recalled to active navy duty, dying of a co-borrower, divorce, assets damage, activity loss or illness. In the letter, the borrower can also request a loan modification, payment abatement period or some other kind of relief.

By and large, it takes after the arrangement of an essential business letter: introduction, descriptive paragraphs plus a conclusion. The distinction is that, in the conclusion, the borrower makes a solicitation. It is written, marked and dated by the borrower, and should not be emailed. It is sent to the bank or home loan moneylender and turns out to be a piece of the borrower’s record upon receipt. Ideally, to guarantee that the letter is appropriately reviewed, it ought to be sent to a particular loan administrator and not to the general attention of the bank. It should also be dispatched to the existing loan management office and not a bank branch or other place.

Common hardships that financial institutions usually find acceptable:

  1. Loss of employment
  2. Lower Income
  3. Death or Illness (of the homeowner or family member)
  4. Divorce or Separation
  5. Flexible Rate Reset-Payment Shock

Everyone experiences issues in life, and they usually are not your fault. For example, no individual homeowner may very well be blamed for the particular nationwide banking crisis, recession, or housing bubble that this country experienced. These issues have far-reaching consequences and have placed many homeowners in a difficult position.

If you’ve been laid off from your job caused by forces beyond your current control, that is not your fault. Many hard-working, loyal employees lost their jobs at companies they worked in for years due to reasons unrelated to their job performance.

Property holders have missed work on the grounds that they were lamenting the passing of a relative, or they were getting treatment for a physical or emotional sickness. Notwithstanding the money related expenses of managing these occasions, the time far from work means lost wage. Cash is lost going and coming, and it’s no big surprise that individuals encountering these hardships can fall behind on their home loan. The uplifting news is that your home loan bank can take the issues you’ve had into thought while assessing you for a loan modification.

The reason for your hardship is not the bank’s essential concern. What’s imperative to the bank is that the hardship is over, or will be over when they change your loan. They need to see that the issues that made you cause harm have been determined, that you’re in a position to get back on track, and that you merit better terms.

It is worth noting that the hardship letter is just one of the required items in your loan modification application, and you may be refused for many reasons. The best letter in the world does not guarantee success, but it is a necessary piece of the puzzle, and can help the bank to see you as a real person rather than an anonymous name that owes them money.

If you would like to write your hardship letter yourself, it’s important to avoid common mistakes it is important to common mistakes, like writing too much, or failing to comprehend the bank’s point of view.
Whether you need to write your hardship letter on your own or not, still consider consulting with an experienced attorney to assist you through the loan modification application process. Although getting a loan modification approval is never a guarantee, you can increase your odds by working with a lawyer that understands the process and has a proven track record. Utilizing the services of a foreclosure defense law firm will allow you to present your best self to the bank, and frees you to recover from your hardship and work on improving your situation.

Remember, a real, legitimate, and genuine articulation demonstrating your purpose behind the asked for loan modification, deed in lieu, or a short sale is the best. Property holders can likewise check their qualification for the HAFA Short Sale including the $3,000 Seller Relocation Assistance before writing the Hardship Letter. Utilize the free Sample Hardship Letter guide to offer you some assistance with overcoming writers’ block and compose a successful Hardship Letter however never manufacture a Hardship Letter that is not totally reflective of your individual circumstance or duplicate somebody else’s Hardship Letter.

While there isn’t guarantee that your request will be granted, lenders are often willing to do business with borrowers who are proactive in seeking modifications as opposed to allowing outstanding financial loans to fall additionally behind and shift toward foreclosure. You may uncover (as do many) that this banker is willing to do business with you to maintain your home.

Disclaimer: Readers with credit, legal and tax questions are advised to seek the advice of an attorney or tax advisor. The above information should not be construed as legal or tax advice.

Download a free loan modification hardship letter guide here at: http://blog.amerihopealliance.com/blog/why-you-should-write-a-loan-modification-hardship-letter.  You may need to fill in your name, email and state before you download

PS: You can download and upload to your site, citing reference, whatever works…



The Fear of Doing a Short Sale

Over the last 4 years I have counseled hundreds of clients who have approached me on the pro’s and con’s of doing a short sale.  Some want to know how to  short  their property strategically,( they had the ability to pay) and others had no choice in the matter because the alternative was far worse  “FORECLOSURE”, and the just wanted answers about what to expect.   The reality is that doing a short sale is not that difficult to do.    As long as the borrower can prove some form of hardship whether it be divorce, job loss, relocation,reduction in income, etc – we can make a make a good case to get a short sale approved.  The reality is that banks want to see more income flowing out of your account than is flowing into the account. If we can show a deficit each month that has been incurred  due to a hardship or WILL be incurred sometime in the future, there is a 98% chance we can get your short sale approved. Let me be clear – The banks WANT to APPROVE Short sales. It saves them Money and they realize that it’s better for all parties involved.

The most rewarding thing about the entire process is the weight I see lifted off of my clients shoulders once we get the short sale approved and their deficiency balance forgive.  It makes me feel like I’ve made a SIGNIFICANT difference in their lives and that makes me happy.

If you have questions about how I can help you, call me today at  703-587-0995 for a no obligation consultation.


Can I get a short sale approved if I am current and what is the impact on my credit?

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You can get a short sale approved even if you are current – except if your loan is FHA.  If you are able to get a short sale approved while remaining current the impact on your credit can vary – there is no standard, but the common consensus is that the impact on your credit is considerably minimized. V