Category, Articles

Selling your property while being surrounded by a minefield of foreclosures.
03 DEC 2012

It doesn’t matter where you own your property these days you are competing with foreclosures that have wiped your market value out with below market sales. A disregard for foreclosure inventory and pricing in comparison to your property can lead to extra long market times and carrying costs associated with unwanted real estate. How does one overcome foreclosure pricing. There are several ways:

1) Owner Financing and owner financial assistance. Many people are getting foreclosed because they are not able to refinance and many other people are out there trying to buy property but are not able to get financing. Helping buyers finance their properties is a great way to sell at your price or make up the difference in interest income. The most common way of owner financing is Contract for Deed. In short this is a sales contract where you the seller hold the deed until you are made good on the loan you provide to buyer to purchase your property. Many of the Sellers on Marketmaking.com real estate exchange can seller finance for buyers. This option is only doable if you have substantial equity in your property. We can help you navigate your options here and help you find the right buyer. Please call our expert agents to explain you the different options.

2) Lease to Own Option. Lease to own is to allow someone to lease your property for one to three years and give them the option to purchase the property at any time during that time for a price agreed upon today. For this option the renter and future buyer pays as deposit (“option fee”) which ranges from one to ten percent and is typically around five percent. This option fee is paid upfront and is applied towards the purchase of the home when the renter decides to buy the house by exercising this option. It is structured like a car lease. So the renter pays the option fee upfront, a monthly rent which includes an amount for using the property and an amount that goes towards purchase of the property should the tenant become a buyer and exercise this option. The option fee and additional rent that serves as credit towards purchase is non-refundable by the seller should the tenant decide to walk away and not buy the property or default on rent. Lease options are becoming more popular as it is difficult to get financing and can help buyers and sellers transact when financing or purchase is possible in the future. Our agents can help you structure deals with lease options and can help you if you are buyer or a seller.

3) Seller’s Incentives. Another popular and effective option is for the seller to provide incentives to buyers to buy their property. From closing costs to new carpet of choice the limit is sellers imagination. As expert negotiators and home sellers our agents can give you great ideas so you reach your goals.

4) Save money or real estate commissions. By using marketmaking.com and Rushabh Investments LLC you have made the decision to save money on real estate transactions, market your property to able and ready buyers and get more value out of your real estate. We can really make it easy.

We can be reached at customerservice@marketmaking.com, 312-933-4448 or 800-840-9826. Contact us immediately so we can help you reach your goals.

Do I need to do a Short Sale or an Equity Sale?
23 OCT 2012

A short sale requires you to have hardship and owe more money on your mortgage(s) than the value of your property. To the extent you can you should execute a traditional sale or equity sale without a short sale to maintain your credit and financial freedom. But the market decline has removed this option for many.

To avoid foreclosure a short sale is a possibility for homeowners with hardship. It is certain that a foreclosure mark will ruin your credit. A short sale mark will also hurt your credit because you need to be in default of your loan for consideration in many instances. But Short Sales often have less reputational and emotional damage associated with them compared to foreclosures. There is nothing beneficial about not acting and getting foreclosed or suffering through hardship.

The short sale process is complicated and you want to make sure you don’t have to pay attorney fees and title fees. You want to make sure you don’t have to pay fees if the deal falls through. Also make sure to not become victim to doing a short sale when you have equity in your house. We want you to be exposed to as many buyers as possible so you get the highest price. 

We understand how important your property is to you and deciding to sell it in the worst circumstances is difficult and involves a lot of preparation and work. We are experienced professionals and it is important to make sure you have the right people and platform to help you in this battle to save your credit or to cash out your equity so you may continue to have financial freedom.

Most people don’t know that with a short sale you may be able to settle with the bank for less than what you owe and we can help you with this process. We can negotiate with the bank to ease your burden and stress and get buyers to compete for the property. The process is completely confidential. The team at Rushabh Investments LLC and Managing Broker Dipen Mehta has a background and experience to help you complete successful short sales and equity sales. Place your trust in a realtor that has the knowledge and ability to get the job done for you.

Using Rushabh Investments LLC for your short sale or traditional sale maximizes potential to sell your home. From first class marketing to market knowledge, integrity and hard work you won’t go wrong. Our goal is to give the seller back the edge and save them money every way we can. Use a realtor who knows and is focused on saving you money in your real estate transaction; Contact us to discuss how MarketMaking.com Real Estate Exchange can be the perfect opportunity for you to take back control.

We can help you sell your house, condo, townhome, business, multifamily apartment building, office or any other residential or commercial real estate you may have. We can also help determining the value of your property. We work throughout the Chicago and Suburbs.

Real Life MarketMaking.com Success Stories
05 FEB 2012

Mr. and Mrs. Bugler found their dream home in December of 2011. In order to make it happen they needed to sell their current home so they can make a smooth transition to their new home. After doing research of various options they concluded they had 3 major priorities in selling their home. 1) They wanted to get market value or better; 2) They wanted to make the transaction happen fast and have it be verified;  and 3) They wanted to save money on the seller costs and commissions associated with selling the property.

Many homeowners and property owners have the same priorities when it comes to selling their properties. “Why should we give away all our equity or hard earned efforts to some shark investor” say many decent sellers. Many property owners also find there aren’t many real estate professionals committed to their priorities of getting market value or getting the transaction done fast or saving the seller commissions. Mr. and Mrs. Bugler found the solution that fit their priorities in Marketmaking.com. MarketMaking.com is a platform presented by Rushabh Investments LLC, an Illinois real estate brokerage. It is a real estate exchange where buyers, sellers, and market makers purchase and sell properties with reduced costs. Sellers sell property fast.

Mr. and Mrs.  Bugler got to sell their home with full service yet only paid 1.5% listing commission. They paid the selling broker their choice of 2.5%. They sold their home with only 4% commission compared to the 5 -6% that most agents charge. The beauty of the sale was that it the property was under contract in less than 1 week. The broker Dipen Mehta at Rushabh Investments LLC started by first doing a CMA (Comparative Market Analysis) of the Bugler’s home. He first did the CMA and listened to the Buglers. After talking with the Mr and Mrs. Bugler he actually told them that they should price the property even higher than where they wanted to sell it. Next Mehta got professional photos taken at his cost and built virtual tour and a property website with the domain name of the Bugler residence. In a short amount of time through syndication and various forms of web and email marketing the property became exposed extensively on the online space and offline. The couple started having showings everyday and some days as many as 3.

Mr. and Mrs. Bugler achieved their goals and priorities to move into their dream home. They wanted to get market value or better. They wanted to make the transaction happen fast and have it be verified they wanted to save money on the seller costs and commissions associated with selling the property. Marketmaking.com and Rushabh Investments LLC did this for Mr. and Mrs. Bugler and it can help you reach your goals. Change the way you buy and sell real estate. Sell your property fast on your terms. Start by telling us more about your property.

Secret to Selling Fast and Getting Best Value for your Property
01 JAN 2012

MarketMaking.com | Making Chicago a Sellers’ Market

Selling Property is Back to being Fast, Simple, and Highly Profitable

 
The secret to selling fast and getting the best value for your Chicagoland area property is multi-dimensional. A delicate balance of quality exposure to as many able buyers as possible, correct pricing, staging your property well and not losing the farm in expenses. Chicago’s MarketMaking.com is created to address this very need to help  sellers get the best value from their properties and still sell it faster than traditional methods.

By listing your property on MarketMaking.com Chicagoland Real Estate Exchange you will create a strategic plan for yourself to sell your property fast and get the best value for it. We work hard to work with market makers and buyers to bring them to our exchange to provide sellers with most quality exposure to able buyers. Along with exposure we make sure we cover every tool at our disposal to market your property to get it sold fast!

We provide Comparative Market Analyses (CMA’s) for your property so you can price it right. Further we save you money on transaction costs by offering you customizable cost structure. This gives you the most flexibility and the most amount of control and staying power to execute your strategic plan to sell your property.

We are a realtor. We have the experience and knowledge to give you the best advice when it comes to selling and staging your Chicagoland home or property. In the end you get best value for your effort and sell your property fast!

 

Are you in risk of foreclosure?
31 DEC 2011

It is certain that a foreclosure mark will ruin your credit. There is nothing beneficial about not acting and getting foreclosed. We understand how important your property is to you and deciding to sell it in the worst circumstances is difficult and involves a lot of preparation and work. We are experienced professionals and it is important to make sure you have the right people and platform to help you in this battle to save your credit so you may continue to have financial freedom.

Most people don’t know that you may be able to settle with the bank for less than what you owe in some cases and we can help you with this  process. We can negotiate with the bank to ease your burden and stress. The process is completely confidential. MarketMaking is a platform that helps you control the process and have complete transparency to sell your property and meet your financial obligations while saving your credit.

Rushabh Investments LLC Managing Broker Dipen Mehta has a background in finance and math with education from University of Chicago and Boston University. Place your trust in a realtor that has the knowledge and ability to get the job done for you.

The short sale process is complicated and you want to make sure you don’t have to pay attorney fees and title fees. You want to make sure you don’t have to pay fees if the deal falls through. Use a realtor who knows and is focused on saving you money in your real estate transaction, giving you more control and  helping you increase your credit score so you can keep your financial freedom.

Contact us to discuss how MarketMaking.com Real Estate Exchange can be the perfect opportunity for you to take back control.

Focus on the Seller Please!
28 DEC 2011

The problem with selling in today’s market is that the seller doesn’t have an edge. Everyone is working as hard as they can to help the buyer find the best property. Not as much effort is spent helping the seller find the buyers. The seller feels he has no control or say. Buyers and Sellers are equally important in the marketplace as it takes two to make the market work. Everyone wants to extract money from the seller but wants to help the buyer. This can’t be good in the long run. There should be a balanced playing field. Home sellers need a place where they can be represented and have the power to control the outcome of their real estate. Sellers should have transparency to know if they will have buyers for their house. What is the current value of my house from the perspective of buyers, investors and agents not some Auto Valuation Model that somebody developed that may have bad inputs. The victims of this status quo are banks, distressed homeowners, and all homeowners combined. Marketmaking.com brings the transparency in home and property selling and buying. Only way to see the power of this concept is by trying it.

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Make Up and Improving Credit Score
27 DEC 2011

A common question is how does a foreclosure or short sale relate to my credit score? Although every situation is different we can understand credit to help answer the question. A persons credit score can range from 300 to 850. There are three different credit reporting agencies recording their own version of the FICO score. Experian, Transunion and Equifax. The make up of Credit Score is as follows:35% – Your payment history. Whether you have paid your bills on time or late or not at all. This has a major effect on credit. Timely paying can increase score substantially. 30% – How much debt you are carrying in reference to the amount of credit you have available. Are you maxed out on everything or are you carrying low balances on on your credit lines. Also having a lot of potential credit may be a negative factor. 15% – Length of Credit History – have you had a history of using and repaying credit. 10% – Mix of credit – what different types of credit do you have. 10% – How much new credit are you applying for. Do you have a lot of new credit applications in the last few months. By minding the above components you can improve your score. The breakdown of the American populations tends to be the following according to Fair Isaacs: