PRICE REDUCED
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 | Sonja Babic PRIME Realty & Development LLC (252) 617-0861 homes@sonjababic.com http://www.SonjaBabic.com    Listed by: PRIME Realty & Development LLC |
Nearby properties for sale |
Saturday, March 17, 2012
PRICE REDUCED 114 Neuse Harbour Blvd in New Bern
PRICE REDUCED
Friday, March 9, 2012
FREE list of foreclosures in New Bern
There are some outstanding deals in New Bern area right now and we at PRIME Realty want to make sure you dont miss out. Use this link below to see all of the foreclosures currently listed for sale.
http://www.easternncmls.com/new/maildoc/babis_1331314004-Mar-09-2012-12_26_44pm.html
We are ready to help you find that deal of the century :) Give us a call and let us help you
www.PRIMERealtyNC.com 252-637-7463
Friday, February 17, 2012
New Bern NC Short Sales
What is a short sale?
When the owner of a property owes more on the mortgage than the property is worth and can't make up the difference, the mortgage holder must agree to take less than is owed in order for the owner to sell the property. This is called a short sale. If foreclosure proceedings have already been started but not yet completed, a short sale can also be a pre-foreclosure. That means it is not yet owned by the bank, but the foreclosure process has been started.
Who actually makes the decision to approve a short sale?
Sellers are not allowed to profit in any way from a short sale transaction. So the seller really don’t care what he/she sells the home for. Surprisingly enough, the seller's lender, who is probably only servicing the loan, doesn’t care either. The servicing bank merely collects the appropriate documents and presents the entire file to the investor who is actually holding the note and is owed the money. So the investor is the only one who cares how much the sales price is. And each note has a different investor. Literally, you could have two identical homes with two identical cash offers being serviced by the same bank, and yet one will get approved and the other will not. It is entirely up to the investor holding the note how much, if any, loss they are willing to take.
Why do short sales normally take such a long time?
Servicing banks (like Bank of America, Wells Fargo, Chase, etc.) make money by collecting monthly payments on mortgages notes on behalf of the note investor. As soon as the borrower stops paying on the note, the servicing bank stops making money. The bank then has little monetary incentive to hire a large number of employees or install the necessary infrastructure (computers, faxes, etc.) necessary to complete thousands of complicated files. Often minimum wage employees will quit in the middle of a file, so the next person hired has to start all over again. On top of that, once a file is finally completed, it must be presented to the note holder. If the note holder is a large institution like a major insurance company, it can take a long while to sign off on a substantial loss. It can literally take three to four months to get any sort of an answer back on from the bank on a short sale.
Why do most short sales fail?
Most short sales fail simply because of the time it takes to find out from the bank if they are approved. Even the most serious buyer can become fidgety after a month or two (or more) of waiting to hear something, anything. That is why it is crucial for the seller's agent to give weekly updates to the buyer’s agent, even if there is nothing new to report. Just a steady stream of communication can keep a deal alive. The second most common reason short sales fail is the difference in appraisal values between the short sale bank and the buyer’s lender. Again, a strong listing agent can go a long way toward documenting reasons for a lower sales price, though again this is ultimately the decision of the investor and sometimes those decisions seem to make no sense at all! But it is quite common to see the same property go into escrow several times before a successful closing. There is nothing wrong with the property itself, just the process.
That is why it is vital that the seller, the buyer and the agents all remain calm and be willing to jump through many hoops to a successful close.
Guaranteed, there will be many hoops! :)
But the patient buyer can get a great deal and the seller can walk away with a clean slate, and that is what makes it all worthwhile for both parties.
Use this link to see Short sales currently listed for sale in New Bern North Carolina
http://www.easternncmls.com/new/maildoc/babis_1329494636-Feb-17-2012-11_03_56am.html
And as always if you have any questions or if there is anything else we could help you with give us a call 252-637-7463 or email us at Info@PRIMERealtyNC.com
We are here to help you get the BETS possible deal!
Thursday, January 19, 2012
Wednesday, November 16, 2011
788-A Broad Creek Rd. New Bern NC only $139,900
Great family home on 1 acre!
Overview Maps Photos |
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 | Sonja Babic PRIME Realty & Development LLC (252) 617-0861 homes@sonjababic.com http://www.SonjaBabic.com Listed by: PRIME Realty & Development LLC |
Nearby properties for sale |
Wednesday, November 2, 2011
NEW Listing 788 - A Broad Creek Rd. New Bern NC 28560
Great family home on 1 acre!
Listed by
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Forelcosures in New Bern NC
ONLY 27 foreclosures for sale today!!! This number is going down ..... Dont miss out.....
BANK OWNED HOMES AND FORECLOSURES UNDER $150,000
20 Homes Available
http://www.easternncmls.com/new/maildoc/babis_1319551358-Oct-25-2011-10_02_38am.html
When purchasing Bank Owned home make sure to have your Earnest Money in Certified funds.
BANK OWNED HOMES AND FORECLOSURES $150,000 - $300.000
7 Homes Available
http://www.easternncmls.com/new/maildoc/babis_1319551734-Oct-25-2011-10_08_54am.html
BANK OWNED HOMES AND FORECLOSURES $300,000 AND UP
Currently 2 HOMES available in this price
range
http://www.easternncmls.com/new/maildoc/babis_1319551876-Oct-25-2011-10_11_16am.html
How can you ensure when buying a foreclosure or bank owned home that you are getting a deal? Work with an experienced Buyers Agent on your side!
Call Sonja 252-617-0861
Monday, October 17, 2011
PRIME Realty support Alzheimer's Awareness
PRIME Realty support Alzheimer's Awareness Special THANK YOU for everyone at The Courtyards that helped organazing this great event.
We have donated this super cute "Pumpkin Patch" fall decorating set and all of the proceeds from sale of the tickets. Great event and we were so glad to be part of it. This is out community and we love to help and show out support!
Kristi Mason sales manager at "The Courtyards" draw lucky winner Mrs. Suzy Jolly
CONGRATULATINS to Suzy and special thank you for all who came out to show their support.
Posted by New Bern NC by PRIME Realty at 12:05 PM
Thursday, October 6, 2011
Purchase your dream house – Necessary steps you should follow
Purchase your dream house – Necessary steps you should follow
Home is the place where you feel most comfortable after your whole day’s hard and laborious work. A good and comfortable house is an essential need of every individual. To buy the appropriate house, the first thing you should do is to check how much you can afford. You need to know what amount of money you can contribute from your savings and how much more you need to borrow. When you are planning to buy a house, you may need to take out a mortgage loan. So, it is advisable that you take out such a mortgage loan that you can afford to repay so that you do not have to ask yourself “should I refinance my house”. However, you take out such a mortgage loan that you can afford to repay within a definite time period.
How to buy a house
You need to ask yourself “should I refinance my house” so as to understand if you should refinance your house. Read on to know how you can buy a suitable house for yourself.
• Check your finances – Your credit report speaks about how you manage your finances. Before you apply for a mortgage loan, you must know what your credit report says about your financial situation. The mortgage lender decides/analyzes your credit report and score to decide the terms and conditions of your loan.
• Search a good house for yourself – You agent will give you a list to look for the most convenient house. You can also consult magazines and read classified advertisements in the newspaper. You can also browse the Internet to search for a most suitable house for yourself. These are some of the ways by which you can search a house for yourself of your own choice.
• Look at different features of the house - Before deciding whether or not you’ll buy a house, you need to look at the structure and the different features of the house that are equally important. The different features of the house will provide you with all the necessary benefits that you’re actually looking for in your house.
• Search for the right loan - You need to search for the right lender for your mortgage loan so that the situation does nota rise to think “should I refinance my house”. It is better if you have some idea about the loan process before you approach a lender. This will help you get the most appropriate loan as per your requirement.
• Home inspections - Before you finally purchase a house and sign a contract, make sure that the house inspection is done properly. It will also help you negotiate on the price of the house.
It is the dream of every individual to buy a house in his/her lifetime. It is advisable that you do thorough research before you choose to purchase the most suitable house for yourself.
THANK YOU
Erica Holm Martin | Financial Writer |
SkypeID: ericasmarty |
Gtalk: ericaholmmartin@gmail.com |
Call me: 916-745-8183
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