Make Sure Your Tucson Real Estate Agent Has Your Best Interest In Mind

For homeowners that are struggling to make their mortgage payments, or are already late, it is important to know all of your options for avoiding foreclosure. Finding a Tucson real estate agent with your best interest in mind, and not a paycheck, is the first step in avoiding foreclosure and selling your property. Make sure to understand the short sale process and also how your Tucson real estate agnet can help you before making the decision to sell your home.

For homeowners that have already missed a payment it is important to know that time is not on your side. On average a short sale in the Tucson area will take four to six months to complete. The more time your Tucson real estate agent has to negotiate the better the terms for the sale of your home. And acting fast after missing a payment will also prevent any concern of a sheriff auction sale date getting in the way of selling your distressed property. As more and more homeowners complete short sales to avoid foreclosure more Tucson real estate agents show up on the scene. Some of these agents are merely trying to cash in on the amount of distressed properties in the area and are not interested in helping. Beware of agents who charge upfront fees for their short sale serivces or truely any fees at all. Homeowners who find themselves in need of a short sale may already be facing some difficult hardships and adding on another bill is no way to help. In fact, most Tucson real estate agents receive payment for their short sale transactions from the lender. This means more money in your pocket in order to find your next home after selling your distressed property.

Finding the right Tucson real estate agent for your home should be treated like a business decision. This important decision will help you avoid foreclosure by selling your home quickly for the highest and best offer available.

Does Your Tucson Real Estate Agent Have The Resources To Help You Analyze Your Situation?

Do you want to know whether or not your home is underwater or if you have equity in it as well as what your property value is? Are you looking for a tool that can help you determine if a short sale is the best option for you? You should know that there’s on Tucson real estate agent that has exactly what you’re looking for. If you visit https://tucsonshortsal.dbmgo.com you’ll find the Short or Stay Calculator. This amazing tool is free for all homeowners to use and can help determine exactly what type of financial situation they’re in, says Tucson real estate agent Shawn Polston.

The Short or Stay Calculator is a resource that many distressed homeowners are looking to in order to help them better analyze their situation and determine what the best course of action is. Tucson real estate agent Shawn Polston says that the calculator is free and easy to use; in fact, other Tucson real estate agents are wishing they had something as beneficial as this to provide to their customers.

To use the calculator all you need to do is enter in your property address, mortgage interest rate, remaining principal amount and monthly payment. The calculator will then crunch the numbers and send you a report detailing your situation. Tucson real estate agent Shawn Polston says the report will tell you how much time and money it will take until your home is an asset again based on three different market trends. You can then determine if a short sale is the right move for you. Also from this report you’ll be able to determine your property value and if you’re not underwater you’ll see how much equity you have in your home.

To be able to take advantage of a great resource like the Short or Stay Calculator visit https://tucsonshortsal.dbmgo.com or get in touch with one of the most successful and reputable Tucson real estate agents, Shawn Polston, today.

Tucson Real Estate Agent Can Help Homeowners Avoid Tax Consequences Of Short Sale

Homeowners that are concerned about the potential tax consequences of a short sale have a great opportunity available that is almost gone. Thanks to the Mortgage Debt Relief Forgiveness Act homeowners can complete a short sale while also avoiding the taxes that result from the sale. Contact your Tucson real estate agent today to learn more about this great program and ulitmately sell your distressed property.

This federally sponsored program has already helped thousands of homeowners save thousands of dollars when it comes time for tax day in April. When a short sale is completed your lender forgives the difference between the selling price of your home and the balance of your mortgage. Because this debt was initially loaned out to purchase the home and never re-paid it is considered to be income by the IRS. This will require a w-2 from the government in order to pay taxes on a portion of this money. While your Tucson real estate agent can sell your home for the highest and best offer available it likely will be for much less than what you bought the home for. Especially if you purchased your home in the last five to ten years at the height of the market. Given the drastic change in home prices over that time period the amount of debt being forgiven could be in the hundreds of thousands of dollars. Your Tucson real estate agent can provide you more information about the Mortgage Debt Relief Forgiveness Act and the benefits it provides homeowners. However, this program is set to expire at the end of 2013 so it is important to act fast. A short sale on average takes four to six weeks from start to finish which leaves little room for error or waiting.

Give your Tucson real estate agent a call today to start discussing the benefits of completing a short sale. These great opprtunities will not be around forever and it is always important to consider your long term real estate goals.

About Shawn Polston

Shawn has been a Realtor since 2006. Prior to becoming an agent Shawn and his wife were active real estate investors. Shawn takes his education seriously; he’s taken over 200 hours of continuing education classes, to keep up-to-date on current laws and trends. Shawn is a member of the Arizona Association of Realtors Master of Real Estate Society and a Graduate of the Realtor Institute. He is also a HAFA certified Short Sales and Foreclosure Specialist in addition to being a National Association of Realtors Short Sale and Foreclosure Resource.