Monday, April 23, 2012

Todays Housing Market What Is Going On!

If you caught the show 60 Minutes on December 18th you may have been brought up to date with how dim the housing situation may be in many areas. It’s not so much that houses aren’t necessarily selling or that buyers aren’t looking; but instead they brought to our attention an alarming statistic.

Fill in the contact box to the right or email me at phillis@txhomerealty.com and discover how others successfully completed a short sale.

Twenty-Five percent of American homeowners today owe more on their homes at this moment than their homes will are worth. To prove their point they went to Cleveland, Ohio and showed how many homes
were literally being torn down because so many home owners literally have walked away from them
completely and leaving them with the banks. They also showed some situations where the homeowners
were a little more intense about the fact that they absolutely would do everything possible to not be one
of those statistics. The reality was that one woman they showed owed over $100k on a home that was
valued at $50k or less. The value of her home was quickly declining as more and more of her neighbors
simply moved away from the places that had once been their dream homes. Sadly becoming a typical
scenario more and more so throughout American, including Dallas, TX.
These aren’t “slum areas” or low-income areas we are seeing declining. We are watching many high-
end and middle-classed homeowners being faced with the situation of owing so much on their home it’s
just seems more financially sound to give up and walk away. But there are other options and, if you are
guided by the right Realtor, you can end up walking away without (A) damaging you neighborhood with
abandoned homes which becomes a domino effect; (B) completely ruining your financial record; and (C)
being able to hold your head high while “doing it the right way”. We are talking a Short Sale. But is a
short sale something you should think about in the Dallas area and who do you turn to? The answer
is yes, a Dallas short sale can work for you with the right guidance and we can help.

Why should you turn to a realtor to help you in these times of need? The answer, quite simply, is that
lenders tend to work better with an agent and an agent that specializes in short sales and foreclosures is
like using the professional tools you need to get your car back on a road. Most people wouldn’t overhaul
their own engine, even with a great “How To” book to guide you; so why would you attempt to negotiate
with a lender who probably hasn’t been very cooperative with you up to this date as it is?

Working with a professional, experienced agent can help you save your credit and keep your pride intact.
Short sales can often be the best answer for many people who are simply too far behind and owing so
much that it’s like digging a tunnel with a spoon. We’re here to help with making a decision on your
Dallas, TX short sale. We can answer the questions you may have and guide you in the right
directions with our many years of experience. It may be time to give us a call. 
Thinking about a short sale?

I can help you short sale your property and get back on your feet. Fill in the contact box to the right or send me an e-mail :phillis@txhomerealty.com and I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (214) 650-5536

Thinking about a loan modification? We assist with loan modifications free of charge just fill in the contact form to the right or email me at phillis@txhomerealty.com
Thanks for reading this, Phillis Nealy.

Phillis is a Real Estate Agent at The Texas Group Realtors

Phone: (214) 650-5536.phillis@txhomerealty.com

A Realty company with Service as Big as Texas

View My homes for sale at http://www.txhomerealty.com/
This blog is for informational purposes only it is not intended for legal advice please consult an attorney.

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