Chad Huebener has earned the nationally recognized Short Sales and Foreclosure Resource certification, the only short-sale certification recognized by The National Association of REALTORS®. This certification is designed for REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. In addition, both he and Sara have successfully closed a number of these transactions over the past several years, representing both sellers and buyers.
According to a recent NAR survey, nearly one-third of all existing homes sold nationwide (40 of our local market) recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.
The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.
This was kind of a bizarre year for the mortgage market. In the first half of the year, you had a decent number of home sales keeping mortgages for purchases stable, thanks to the home buyer credit. In the second half of the year, that changed as demand crumbled when the credit was withdrawn. At the same time, you had very low mortgage interest rates throughout much of the year cause a mini-refinancing boom. 2011 will look very different, as the housing demand continues to struggle and mortgage interest rates have begun rising.
Posted by: home buyer | 12/31/2010 at 12:08 AM