LambrightTeam.com--Marketing Your Home For All Its Worth

Get Paid to Sell the Home You Can’t Afford!

noreply@blogger.com (The Lambright Team) — Wed, 23 Jan 2013 04:13:00 +0000

When the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their homes to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don’t know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

HAFA also helps the process go more quickly by mandating that banks keep in contact and make decisions in a timely fashion. To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!” by clicking on the link below:

HAFA Choices and Eligibility

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

Central Ohio Housing Report - June 2012

noreply@blogger.com (The Lambright Team) — Tue, 24 Jul 2012 23:54:00 +0000

Central Ohio Housing Report - June 2012

Posted: 7/19/2012

Columbus Board of REALTORS®

Central Ohio inventory back to pre-boom levels

Inventory levels in central Ohio have been declining over the past year and now stand at just over 12,000 - almost 33 percent less than one year ago and 40 percent less than July 2007, the highest month on record according to the Columbus Board of REALTORS®.
There were 3,344 residential homes listed for sale in June 2012, 6.8 percent fewer than were listed during the same month last year. Total residential inventory in central Ohio is 12,053, the lowest since 2003.
“Inventory levels rose steadily during the housing boom and rose even more quickly in the boom’s aftermath,” said Jim Coridan, president of the Columbus Board of REALTORS®. “The significant increase in homes for sale and lack of same for buyers transformed central Ohio into a buyers’ market. But with the steady decrease in inventory over the last two years, and increased buyer interest, we’re back to more balanced market levels.” ............

read the rest here: Housing Report June 2012

Short Sale success story where client's credit score went up!

noreply@blogger.com (The Lambright Team) — Tue, 24 Jul 2012 21:45:00 +0000

Current LOCAL foreclosure data for 2012 for Columbus, OHIO

noreply@blogger.com (The Lambright Team) — Thu, 19 Apr 2012 23:30:00 +0000

Click the link to get the report seen below. It is interactive and very helpful.

Current LOCAL foreclosure data for 2012

What is HAFA and how can The Lambright Team help you get it?

noreply@blogger.com (The Lambright Team) — Thu, 05 Jan 2012 22:02:00 +0000

Contact The Lambright Team to see how we can help you get qualified for HAFA through our CDPE designation status.

Call, text or email us today at:

614-804-2100 or info@LambrightTeam.com

If you know someone who might need our help, send us their name and number!

Short Sale with seller debt totally forgiven and buyer great savings

noreply@blogger.com (The Lambright Team) — Wed, 24 Aug 2011 20:26:00 +0000

Very Well Written White Paper on Bank Short Sales and our Government

noreply@blogger.com (The Lambright Team) — Tue, 03 May 2011 21:51:00 +0000

Well written white paper (25 pages easy-read) on Bank Short Sales and why they are so hard to get approved--this is why you need a RE professional with a proven track record on them!! Pitfalls abound everywhere in the process--if you are an agent and are doing only a couple per year, just send them to us for a referral fee. Only 24% of short sales will make it to the closing table. We have benn doing over 3 times that percentage for several years now.

http://www.newredefinedagent.com/report4.html

If you have questions contact us at: info@LambrightTeam.com

Economy not only reason properties linger in listings

noreply@blogger.com (The Lambright Team) — Sun, 27 Mar 2011 19:39:00 +0000

The Columbus Dispatch interviews some people who have been on the market for years. My heart goes out to them, but head wants to scream at them, "Do you understand the definition of 'insanity'?" Check out the article: Economy not only reason properties linger in listings The Lambright Team (TLT) has the knowledge and the connections to help sell your home no matter how much you owe. We can stop the bleeding. Get real people! Real Estate is NOT coming back for several years. If you want to move on with your life, take some action. Because we all know that LIFE is SHORT..... We have options for you!!

NEW RECORD FOR SHORT SALES--38 DAYS COMPLETE FORGIVENESS NO CREDIT DAMAGE

noreply@blogger.com (The Lambright Team) — Thu, 24 Mar 2011 10:23:00 +0000

Create your own video slideshow at animoto.com.

Powell Ohio Home priced $30k below value

noreply@blogger.com (The Lambright Team) — Thu, 24 Mar 2011 10:17:00 +0000

Powell Ohio Home priced $30k below value

noreply@blogger.com (The Lambright Team) — Tue, 22 Feb 2011 20:08:00 +0000

Mortgage market likely headed for major change

Fixed 30-year mortgage rates in the 5 percent range? Minimum down payments below 5 percent? Jumbo loans in high-cost markets at regular interest rates?

They won’t be around for long.

Click here to read the story in the Columbus Dispatch

Important News Concerning the US Gov't Deleting Mortgages for the Middle Class

noreply@blogger.com (The Lambright Team) — Sun, 13 Feb 2011 01:09:00 +0000

If you or someone you know is considering buying a home in the next several years, you need to see this video.

#1 Rates are at an all-time low
#2 Prices are crazy low on homes
#3 Low down payment programs DO exist today
#4 Prices are going up very soon
#5 US Government is probably going to do away with programs to help the middle class buy homes

hmmmmmmm??? Is it time to buy NOW??

Call us to discuss at 614-804-2100 or email info@LambrightTeam.com

'Shadow' real estate inventory may take 4 years to clear

noreply@blogger.com (The Lambright Team) — Fri, 04 Feb 2011 04:38:00 +0000

'Shadow' real estate inventory may take 4 years to clear

REALTOR® Magazine-Daily News-10 Cities Where Home Prices Will Rise in 2011

noreply@blogger.com (The Lambright Team) — Fri, 28 Jan 2011 21:10:00 +0000

See what I mean???

Columbus is #5

REALTOR® Magazine-Daily News-10 Cities Where Home Prices Will Rise in 2011

noreply@blogger.com (The Lambright Team) — Fri, 28 Jan 2011 20:22:00 +0000

When will home prices recover?

Property values continue to drift down. But analysts say relief could come by year's end.

See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level. (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)

When are home prices going up?

Call us for a comprehensive analysis of YOUR LOCAL market. It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!

Steve Forbes and Nouriel Roubini think that 40% of mortgages are underwater

noreply@blogger.com (The Lambright Team) — Wed, 26 Jan 2011 17:23:00 +0000

UNDERWATER MORTGAGES??

THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US! :-)

"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."

Read the rest of the article here:

http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html

Board of Revisions--why it is imperative you listen to this

noreply@blogger.com (The Lambright Team) — Sat, 22 Jan 2011 14:11:00 +0000

DEADLINE ALERT!! ALERT!! ALERT!!

WANNA SAVE MONEY ON YOUR PROPERTY TAXES??

I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY

Did you miss the boat?

noreply@blogger.com (The Lambright Team) — Fri, 21 Jan 2011 21:41:00 +0000

Have home sales hit bottom??????

Central Ohio homes sold for an average, $158,893 last year, the lowest since 2001 but only slightly behind 2009's prices.

Central Ohio figures dropped below 20,000 last year, the first time in a decade.

Central Ohio home sales fell for the fifth straight year in 2010, as potential buyers continued to sit on the sidelines.

Last year, 19,676 homes were sold in the Columbus area, 2.8 percent fewer than the previous year, according to the Columbus Board of Realtors. It was the first time in a decade that annual sales dropped below 20,000.

Here is a copy of the article from the Columbus Dispatch

http://www.dispatch.com/live/content/business/index.html

I don't think you have missed the boat, but the bottom is either here or VERY near.

THE PROBLEM WITH KNOWING WHEN THE BOTTOM OF THE REAL ESTATE MARKET HITS IS THAT IT IS ALREADY ON THE WAY UP WHEN YOU REALIZE IT.

By definition, you cannot determine the bottom of the market without 6 months to a year worth of data that shows an upward trend. By then, it is TOO LATE. YOU MISSED IT!!

Take my advice and get in NOW!! Rates are going up this year by a full point on top of increasing prices. If you are going to buy anytime in the next 5-10 years, you better do it in 2011. You have been officially warned.

Homeowners who are 'underwater' still dropping

noreply@blogger.com (The Lambright Team) — Tue, 14 Dec 2010 20:02:00 +0000

Tuesday, December 14, 2010 02:51 AM
By Alistair Barr

MARKETWATCH
SAN FRANCISCO -- The number of U.S. homes with negative equity shrank in the third quarter, but price declines might threaten this improvement, the real-estate data company CoreLogic Inc. said yesterday.

CoreLogic reported that 10.8million properties, or 22.5 percent of all residences with mortgages, were in negative equity at the end of the third quarter, down slightly from 11million, or 23 percent, in the second quarter.

Check out the rest of the story here:

Homeowners who are 'underwater' still dropping

October 2010 stats from Columbus Board of Realtors

noreply@blogger.com (The Lambright Team) — Wed, 01 Dec 2010 00:16:00 +0000

The housing market in central Ohio, which rebounded nicely when the federal tax credits were offered in 2009 and early 2010, today is looking like “more of the same.”

According to the Columbus Board of REALTORS® (CBR), the number of homes sold and the average price of homes sold from January though October 2010 are nearly identical to the statistics from 2009.

The number of homes sold from January through October was 16,891 – almost identical to the 16,932 homes sold in the same period of 2009. Average sale price so far this year is $160,671 compared to $161,623 last year.

Home sales are likely to grow in 2011, but not too quickly. According to the New York Federal Reserve Bank, household finances are improving, and major purchases will increase as well.

The "typical" homeowner of 2010

noreply@blogger.com (The Lambright Team) — Tue, 23 Nov 2010 17:48:00 +0000

The typical homeowner of 2010. (This article is from NAR)

Home buyers today have affirmed a long-term view of home ownership, the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment, according to the latest consumer survey of home buyers and sellers.

The 2010 NAR Profile of Home Buyers and Sellers is the latest in a series of large national NAR surveys evaluating demographics, preferences, marketing and experiences of recent home buyers and sellers.

Although typical sellers had been in their previous home for eight years, up from seven years in the 2009 study, first-time buyers plan to stay for 10 years and repeat buyers plan to hold their property for 15 years.

Here are some highlights:

The typical seller who purchased a home eight years ago experienced a median equity gain of $33,000, a 24% increase, while sellers who were in their homes for 11 to15 years saw a median gain of 40%.
With #1 reason to buy a home being a good investment, the next biggest reasons for buying, identified by all home buyers, was a desire for a larger home, 9 percent; a change in family situation and the home buyer tax credit, 8%; a job-related move, 7%; and the affordability of homes, 6%. Twelve other categories were 5% or less.
The number of first-time home buyers rose to a record high 50% of all home sales from 47% in the 2009 study, building on success of the home buyer tax credit which began in 2009.
The profile shows the median age of first-time buyers was 30 and the median income was $59,900. The typical first-time buyer purchased a 1,540 square foot home costing $152,000, with 93% using the first-time buyer tax credit.
56% of entry level buyers financed their purchase with an FHA loan, while another 7% used the VA loan program. 42% said financing their first home was more difficult than expected and 9% had been rejected by a lender.
58% of all buyers are married couples, 20% are single women, 12% single men, 8% unmarried couples and 1% other.
Buyers searched a median of 12 weeks and viewed 12 homes.
The typical repeat buyer was 49 years old, earned $87,000 and purchased a 2,000 square foot home costing $215,000.
The median age of home sellers was 49 and their income was $90,000. Sellers moved a median distance of 18 miles and their home was on the market for 8 weeks, down from 10 weeks in the 2009 survey. Half traded up in size, 28% bought a comparably sized home and 21% traded down.
64% of sellers chose their agent based on a referral or had used the same agent in the past. Reputation was the most important factor in choosing an agent, cited by 35% of respondents, followed by trustworthiness at 23%. 84% of sellers are likely to use the same agent again or recommend to others.
Home buyers thought the most important services agents offer are helping find the right house, negotiating sales terms and price. Buyers also most commonly choose an agent based on a referral from a friend, neighbor or relative, with trustworthiness and reputation being the most important factors.
Buyers use a wide variety of resources in searching for a home: 89% surf the Internet, 88% use real estate agents, 57% yard signs, 45 percent attend open houses and 36% look at print or newspaper ads. Although buyers also use other resources, they generally start the search process online and then contact an agent.
Local metropolitan MLS websites were the most popular Internet resource, used by 59% of buyers; followed by Realtor.com, 45%; real estate company sites, 43%; real estate agent websites, 42%; other websites with real estate listings, 41%; and for-sale-by-owner sites, 15 percent; other categories were smaller.
77% of all buyers purchased a detached single-family home, 9% a condo, 8% a townhouse or rowhouse, and 6% some other kind of housing.
Not surprisingly, for-sale-by-owner transactions reached a record low, accounting for 9% of sales in the 2010 study, down from 11% in 2009.
The share of homes sold without professional representation has trended down since reaching a cyclical peak of 18% in 1997.

DO ANY OF THESE DESCRIPTIONS SOUND "TYPICAL" TO YOU?? hmmmmmmm

Short Sale Closings in 90 Days--Bypass Loss Mitigation with Bank Of America

noreply@blogger.com (The Lambright Team) — Wed, 27 Oct 2010 18:35:00 +0000

GUARANTEED closings on Short Sales within 90 DAYS???

noreply@blogger.com (The Lambright Team) — Tue, 19 Oct 2010 23:04:00 +0000

The Lambright Team is currently working on a solution to the BIGGEST problem with short sales.......

What is that problem??? You guessed it! They are NOT short whatsoever. They take forever to get done and the uncertainty for the seller and the buyer is excruciating.

We are currently in negotiations with a lender representative to SPEED up the process dramatically AND offer our sellers a 90 day WRITTEN GUARANTEE that their home will close via a short sale within 90 days of listing the home.

STAY TUNED!!!!

Ohio "Hardest Hit Area" Funds

noreply@blogger.com (The Lambright Team) — Tue, 05 Oct 2010 23:41:00 +0000

I went downtown Columbus to figure out how to get some of these emergency federal funds for our clients who are trying to do a short sale. It is very confusing if you don't have a guide. We would be happy to give out FREE guidance to anyone who needs it.

Columbus Ohio sales Statistics from Board of Realtors

noreply@blogger.com (The Lambright Team) — Thu, 23 Sep 2010 18:37:00 +0000

August home sales in central Ohio were higher than the previous month and the average sale price of a home sold continues to rise.

There were 1,605 homes sold in August which is 8.2 percent more homes sold than during the month of July. Home sales during the first eight months of the year are now 9.2 percent higher than the same period in 2009.

The average sale price of a home has been inching back up this year from $145,993 in January to $169,959 in August. The average sale price year to date (January through August) is $161,645, which is 2,2 percent higher than one year ago.

There were 3,700 homes listed for sale last month bringing the total number of homes for sale in central Ohio to nearly 17,000 which is 16,5 percent more homes than were on the market at the end of last summer.

It is a great time to buy a home and it is becoming a better and better time to sell.

If you think that you owe too much on your home to sell, think again. We specialize in selling homes that are upside down. Check out our website at:

http://lambrightteam.com/gold_custom1.asp