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Get the Straight Facts About What Can Make or Break the Sale of Your Medford Home, Medford Lakes Home and Shamong Home.
Call a Number1Expert, Call Michelle Basmajian.  

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Selling your home is one of the most important decisions you will make in your life. How much is it REALLY worth? How long will it take to sell? How do you handle buyers making undesirable offers? 

As a Medford, NJ, Medford Lakes, NJ and Shamong, NJ area real estate agent, it is my job to guide you through this complicated process, from beginning to end. I want you to get the maximum value for your home, within YOUR time frame. Here are just some of the things that I will do to market and sell your home: 

- Buyers want to buy your home for as little as possible! Through detailed comparisons between your home and recently sold homes, and other properties currently on the Medford, Medford Lakes and Shamong market, together we can determine what your home is really worth in today's market. In the industry this is called a Comparative Market Analysis or CMA. I will do this for you, for free. 

- Buyers have their own timelines, which might not be yours! I make sure they don't waste your time by qualifying them as to their real ability to afford your home. 

- More buyers interested in your Medford, Medford Lakes and Shamong home means more money in your pocket when it is sold. My extensive marketing of your home assures you of maximum value. For example, this web site will market your property all across the web. It will appear on top national sites. I can place your home on my web site within a few minutes time! 

- When we begin marketing your home, I will immediately notify all the buyers that I am helping. I'll also notify all the real estate agents in this area that I work with, who quickly tell their homebuyers. It is a powerful way to jump-start the sale of your home! 

- You and a member of my team or I will walk through your home together. I will advise you how to present your property to maximize its selling price. Some improvements are worth it, and some are not! Be careful. 

- Contracts are complicated, and intimidating. You don't want to go to a closing with some doubts. You will have the full benefit of my Medford, Medford Lakes and Shamong real estate experience and knowledge for a smooth and successful closing. I recommend that you do not sign on any dotted lines without asking me first. 

- I will make sure you conform to New Jersey statutory disclosure requirements. I will also inform you of any inspections that you should consider having done ahead of time to smooth the negotiating process with buyers, and to ensure a successful escrow and closing. 

You pay no up front costs for my services! So you can bet that I will work hard to get your home sold, for as much as this market will possibly bear. I will also work within your time frame and your needs. For example, sometimes it can be hard to sell and move out of your current home, and buy and move into a new home, all at the same time! I can help smooth this out. 

Call or email me. Ask for a free In-Home Presentation. I will come to your Medford, Medford Lakes and Shamong home or office, and present you a plan that details exactly how I will market your home. There is absolutely no obligation so don't let this opportunity pass. It is part of my job as a real estate agent to offer you this service. 

Short Sale Information.  

This allows some homeowners to sell their home for less than the total amount due on the mortgage loan or loans secured by the home. 

It helps the borrower avoid foreclosure and reduces some of the lender’s loss by avoiding or minimizing foreclosure activities.  

The borrower does not receive any of the proceeds of the Short Sale. 

A Short Sale is a cooperative process versus a legal resolution (no foreclosure sale or eviction) that allows the borrower to retain some control and dignity throughout the process. 

He or she will be asked to document their hardship reasons and submit personal financial information to the lender.  

The borrower can authorize their real estate agent or attorney—to represent him or her in the transaction and give them permission to deal with the lender... 

When should a Short Sale be considered? 

A Short Sale should be considered when there are no other options. Examples for consideration: when a borrower is no longer interested in retaining the property when a borrower is unable to make the monthly mortgage payment; or when the borrower is unable to qualify for a loan modification. 

How long does the Short Sale process take? 

The Short Sale process can take considerable time. Lenders must obtain their own appraisal of the property, review all of the documentation submitted by the borrower, and in most cases seek authorization from the investor and/or insurer on the loan.  

Short Sale Example 

Bob and Sally have a loan balance of $200,000 and are working to sell their home. Sally lost her job more than a year ago and the family has fallen behind on several payments. They contact their lender/servicer and, after explaining and proving their financial hardship, they begin to work with lender/servicer to market the home. 

The home is sold for $160,000 and there is a balance of $40,000 remaining. The sale price is in line with fair market value for the area and the sale is completed. 

Sally and Bob may be asked to contribute part of the $40,000 lost, depending on their financial situation.

Keep in Mind! 

• Each potential Short Sale is reviewed on a case-by-case basis. 

• A borrower whose mortgage loans are current (not delinquent) WILL NOT be considered for a Short Sale unless there is sufficient documentation to demonstrate imminent hardship. 

• This MUST be an arm’s length transaction. The property may not be sold to anyone with close personal ties to the borrower. This includes business and personal relationships. 

• It is important that you understand, some investors and mortgage insurance companies with an interest in the mortgage loans being serviced may require the borrower to sign a promissory note or make cash contribution for some or all of the difference between the net proceeds from the sale and the total amount due on the loan. 

• Junior Liens and Home Equity Lines of Credit (HELOCs) are considered in the Short Sale process. 

Most lenders typically request that the borrower or the agent negotiate with the junior lien holder(s)for funds to release their lien(s). This may delay the process and the junior lien holder may deny the Short Sale.. 

For additional information on this topic or to discuss if this is an option for you. Please contact me.