Bridgeport Real Estate Blog Archive

Bridgeport, CT home sellers facing foreclosure are being helped using little known short sale strategies developed by the Gutierrez Real Estate Group. We have been trained in this specialty and have all achieved the CDPE (Certified Distressed Property Expert) designation which uniquely qualifies us to help families in this unfortunate situation.

This real estate market has caused unbearable stress and heartache for many local families. A distressed family often makes decisions based on emotion rather than logic and knowledge of the situation they are in.

The Gutierrez Real Estate Group is here to help you in such distressed situations and ultimately help you fight off foreclosures. The extensive knowledge that we have obtained will greatly benefit the community in which we all live. While experiencing financial distress is extremely difficult for any family, the process of finding a valuable real estate professional compatible with your situation shouldn’t be. The Gutierrez Real Estate Group is committed to helping distressed families find better solutions for their future. With current conditions and our newly acquired CDPE designations, we have all of the essential tools at hand to ensure a lightning speed “Short Sale” allowing for zero balances on mortgages, while saving your credit at the same time. As your CDPE agent, we will explore every option with you and work towards a solid resolution. You have gone through enough, let us help!

It is estimated that most American families can only maintain their current living expenses for sixty (60) days or less when income is interrupted for any reason. This type of distress causes tremendous strain on families. Many people do not even realize that they are distressed, and as a result are finding their homes are in jeopardy. Many learn of Short Sales after it is too late. Eighty percent (80%) of homes in foreclosure today were never even on the market! Did you know that, according to the current conditions, distressed families may qualify for a Short Sale before even missing their first mortgage payment? With our CDPE designation, we not only have the means to easily identify a distressed family, we also have the strong capability to rescue them with our dedicated and knowledgeable professional guidance.

“Distress” can be caused by any of the following:

    * Unmanageable Debt

    * Job Loss

    * Medical Bills

    * Serious Illness

    * Incarceration

    * Divorce

    * Death

    * Military Service

    * Payment Increase and Mortgage Adjustments

    * Relocation

    * Reduced Income

    * Insurance or Tax Increases

While it may not seem like it now, there will come a time where your current financial troubles will pass. Let us fight for you and help you to avoid a devastating financial consequence so many people face today. 

Don’t let time run out!

I was online and noticed this great video from the NAHB National Association of Home Builders. It explains the tax credit completely and explains the guidelines with regard to income limits and recapture.

http://www.federalhousingtaxcredit.com/2009/resources.html

Cool T-shirts with awesome designs 

My wife, Cynthia Lucero, is a talented graphic artist and she loves to doodle and make different types of logos and designs that can now be placed into t-shirts, mugs, journals and more. Check out the site:Come visit Lucero Designs store on CafePress!

In the past month we have been listening to reports in the news that certin real estate markets are starting to show signs of life and are possibly stabalizing. Can it be true? Is it the effect of all the great deals? Foreclosures/Bank Owned Homes?The first time home buyer tax credit

Here is what I have been noticing. Most of our bank inventory is currently pending and we have many buyers that we are working with and have been finding a lot more pending deals and some cases we are seeing a lot of multiple bids on properties.

Here is our analysis. It could be seasonal but this has been picking up since well the first time home buyer credit was annouced with the signing of the stimulus package and has steadily increasing which can be somewhat seasonal.

Also "regular sellers" (those with some equity), have become more realistic and that causing the activity. Now if these things only close. That is another story for another post.

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.