Sell my Baltimore House in RECORD time!



 "How do I sell my Baltimore house quick?" This is the question on a lot of seller's minds these days.

However, it is very simple.  Even in this buyers market, IT IS possible to sell your home.  You can visit
Market Insider to see for yourself.

The real question is "Why am I selling?" 

Think about it.  Do you need to sell or do you want to sell?  In a buyers market, price will control who sells their home the quickest.  Holding on to Baltimore Home values from when the bubble burst will keep your property lingering on the market for several months if not years!

The best way to start the home buying processing is to speak with a Licensed REALTOR who practices in your market. 

Determine value first!  Just because your neighbor sold their house for $300,000 in 2006 has no effect on what your home will sell for today.

Second thing to consider is based on the value, will what you make on the sale meet your needs?  Will it pay off your mortgage? Will it give you that down payment for a new home? If not, you may need to hold on or even rent.

Do you have a hardship? A loss of income could happen to anyone!  Speak with a Certified Distressed Property Expert in Baltimore to explain the short sale process.  Banks are working with homeowners each and everyday!  Visit http://www.baltimoremarylandshortsales.com/ to see all the Short Sales listed right now in Baltimore! 

The other very important reason to price your home right is the appraisal!  Chances are the buyer will be using financing.  If the house doesn't appraise you have a problem.  That appraised value IS ALL the bank will finance for the buyer.  Can you accept it?  If you can't accept the true value of your home because you will be short or can make your goals, you have wasted a lot of time and energy for nothing.

These frustrating scenarios can be avoid if we go back to the basics.  What is your home worth now?

How to get more foreclosures sold

As a professional Baltimore REALTOR in the business that works by referral, a large number of my clients are buyers.

Some buyers have a fear of a bank owned home that's been sitting vacant for who knows how long.

After educating my clients, some may consider, but most don't.

Many buyers don't trust REO homes. Some feel like the banks are covering up something and don't know what their real expense is going to be.

I would say to encourage more foreclosure purchases the following incentives need to be implemented, ACROSS THE BOARD!

This would change a lot of buyers perception of foreclosures.

1. Provide tax incentives for foreclosure purchases only.
2. Provide agent bonuses.
3. Provide 3 year home warranty.
4. Create a much shorter 203k rehab loan process.
5. Free home inspection and or reimbursement.
6. Guaranteed closing help.

Another problem is maintaining the exterior and interior of the house! You should never be able to always pinpoint the foreclosed home on the block.  Curb appeal is what starts interest.  If the buyer Is turned off before they walk in, the incentives may not be enough!

These should be done across the board as it will change everyones mind about foreclosures.

Just like famous fast food restaurants, when you go you expect a certain level of service.  Maybe if there were an expectation set, the fear would slowly disappear and more buyers would talk about their awesome foreclose purchases.  Which would lead to buzz and more sales!

If these and other changes are implemented across the board, buyers would feel more comfortable as they would know what to expect and be ok with the idea and thought of a foreclosure purchase.

Thank you for reading and feel free to contact me with any question or thoughts.

My goal is to help change this industry and help everyone!

BaltimoreBuyerAgent.com - Search all homes

BaltimoreMarylandForeclosures.com - Request List of Foreclosures!


Foreclosures by County

Harford County
Baltimore City
Baltimore County
Anne Arundel County
Prince Georges County
Howard County
Montgomery County

What to know when buying foreclosures in Baltimore

So you are ready to buy a home in Baltimore and are looking for a great deal, right? This is great! Mortgage rates are ultra low, Baltimore Foreclosure prices are at all time lows, it's the perfect storm right? Absolutely! But, as always, there are a few very important things you need to be aware of before buying a foreclosed home:

1. Scams. Beware of foreclosures scams. If you want a free list of Baltimore Foreclosures just visit www.BaltimoreMarylandForeclosures.com. This list is coming directly from a Maryland Licensed REALTOR to you for free. No strings attached or obligation.

2. Loans. Every loan is not for every home. Be sure to meet with a REALTOR. Don't have one yet? Well, lets schedule an appointment. You need to be aware of what types of loans, conditions, requirements, length of time and so much more before you begin looking into foreclosures. Generally speaking a Rehab Loan is an excellent product for these types of properties.

3. Repairs. Foreclosures are AS-IS. Banks are not obligated to do repairs and generally speaking, they don't. However, there can be exceptions made to these terms during negotiation. Talk to a trusted Realtor about all options and pick the option that is best for you and your family.

Foreclosures in Baltimore and other areas can be great purchase and a excellent start towards equity in your home. Be sure that you are going in this type of purchase with the right education and guidance. Looking for foreclosures somewhere other than Baltimore?

Foreclosures by County

Harford County
Baltimore City
Baltimore County
Anne Arundel County
Prince Georges County
Howard County
Montgomery County

Helene Kelbaugh, REALTOR, CDPE
Keller Williams Realty Baltimore
443-465-8443
HeleneSellsHomes@KW.com
Equal Housing Opportunity