The Roller-Coaster Ride called a Short Sale
Posted on 24 July 2010 | No responses
The New York Times has a great story today about understanding and navigating short sales. The story’s New York-centric of course, but the lessons and ideas are – sadly – universal. Here in Santa Fe we have a smaller number of short sales, but they are at every price range, and in every location from Airport Road to Las Campanas.
Short sales are a gentler alternative to foreclosure for both sellers and lenders. “Compared to a foreclosure, a short sale generally allows an easier transition for the borrower, less impact on their credit history, and larger net proceeds to the loan’s owner,” said Tom Kelly, a spokesman for JPMorgan Chase, adding that Chase encourages borrowers who are unable to keep their homes to consider short sales.
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- Should I Short Sale My Home – Chapter 7 (slideshare.net)
- Jeff (the マクダジ of FF): 1.6 Million Homes Hit With Foreclosure Notices In First Half Of 2010 (consumerist.com)
- Short sales won’t save your credit score (seattletimes.nwsource.com)
- Foreclosure alternatives – short sale and deed in lieu (chicagonow.com)
Why don’t Realtors use professional photographers?
Posted on 21 July 2010 | No responses
Image via Wikipedia
I was given a great home to sell a few weeks ago – here are the details, thanks for asking – and the first thing I did was to hire a professional photographer, Chris Corrie. Why? Because I am a good realtor but an average photographer. Chris surprised me by telling me he rarely gets hired by real estate people any more. Brokers tell him they ‘don’t need him’ because they have perfectly good cameras of their own. Hmmm…. That’s like saying to Michelangelo ‘we don’t need you on the Sistine Chapel gig because we have our own paint and brushes’. And of course, it shows. The MLS is full of badly lit, poorly focused pics taken by enthusiastic but also very amateur real estate people. Doors open, toilet seats up, dinner plates in evidence – you’ve seen the pictures. Why it frustrates me, apart from the issue of not giving the client the best possible marketing, is that we real estate professionals pitch ourselves as just that, professionals, and we rail against FSBO’s who ‘try to do it themselves’. They don’t have the skills, don’t understand what goes into a transaction, blah blah. Yet we’ll whip out our camera phone to save a couple of hundred dollars and deliver a sub-optimal job for our clients. Bizarre.
CNN Story on Santa Fe’s MIX
Posted on 3 July 2010 | No responses
Buckin’ BBQ! Next Saturday, 12 June
Posted on 5 June 2010 | No responses
It’s in Santa Fe, it’s a BBQ, it’s a Tequila Tasting, it’s a great Silent Auction – and it’s next Saturday! Tickets from $70 – details, map directions at tickets at www.EspanolaEvents.com
Buckin’ BBQ – 12 June – Fun!
Posted on 28 May 2010 | No responses
Come on over to the Buckin BBQ on June 12 in Arroyo Hondo just outside Santa Fe! It’ll be a ton of fun, and it’s supporting the Espanola Animal Shelter. There’s going to be a silent auction, a noisy mechanical bull, a sublime tequila tasting and it’s all washed down with the real genuine sounds of the Buckarettes! Tickets are from just $50, at espanolaevents.com
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