Short Sales in Hampton Roads

Lets talk about Short Sales. "Short sale" is a term used to describe a property that has a mortgage balance HIGHER than the market price or sales price.
If you are in this situation and want or need to sell your property, you still can. I know you are thinking that you can't afford to come to the closing table with cash and in some cases hundreds of thousands of dollars to close. So, what are your options.

Short sales take some time and expertise. My goal as an listing agent for you is to keep the bank from foreclosing on your property. It starts with a consultation to determine how much relief you need then determining how we can convince your mortgage company that you are entitle to the relief of the difference of your mortgage and the offer we submit to them. These deals are each unique and require an experienced agent to work through the requirements to get a positive end result.

Are you in this boat? Need to sell? Have to move? Purchased in 2005 with 100% mortgage and now owe more than we can sell your property for in 2010? Call me. I have answers, resources and know how to get these properties sold and help you move on.

A consultation is free. 757-816-7000 Christine Parrish

The OBX of North Carolina

The OBX is a drive to and very popular spot on the east coast. OBX NC, is holding strong on the values during this down economy. Mainly because the income from the rental market helps to pay the mortgage and additional expenses. The rental market is reaching record highs this season which is a help to the investors who own or purchase in this market.

We all know what your return is on your money in the Stock market or bank CD's. Your money is well spent in Real Estate and with the right investment you will build wealth and be able to enjoy the beach.

Call me to discuss options in this market.
Christine Parrish 757-816-7000

Time is running out!

The spring selling season is upon us and opportunities abound to boost the housing market and get it on a positive track. We have the advantages of low interest rates, affordable housing stock and the homebuyer tax credits that expire within just a few weeks. We also have an ever-growing supply of short sale inventory – and the sooner those houses can be sold, the better for all involved.

April 30 is quickly approaching
The homebuyer tax credits have been pivotal in helping move inventory. At this time, it appears that the government will not offer another extension. Any first-time or move-up buyer who is interested in taking advantage of the tax credit must have a binding sales contract by April 30, 2010 – with the home purchase completed by June 30, 2010.

Time is of the essence
Short sales remain significant factors in today’s marketplace, allowing more prospective buyers than ever to become homeowners. Because these transactions are more complex, it is imperative that real estate and lending professionals work efficiently as coordinated teams to help our customers.
We are not hearing that the tax credit will be extended. Hopefully we will have new programs for lending that will keep the purchasing moving.

I am committed to helping you.
Christine Parrish 816-7000

Happy Easter Everyone

Went to the beach in Nags Head to my house. What a beautiful weekend. I played some tennis, ate some sea food, and lay in the sun. Went to a new church. I love the beach. Hope you had a great weekend.