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Category: Tucson Realtor

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

October 7, 2013

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

September 30, 2013

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.

Tucson Real Estate Agents Want You To Know About The Many Incentive And Tax Relief Programs For Short Sales

September 23, 2013

Are you about to complete a short sale with your Tucson real estate agent and are wondering if there are any incentive or tax relief programs available to you? Well, you’re in luck because Tucson real estate agents say that right now is one of the best times to complete a short sale simply because of the number of incentive programs available to sellers.

One Tucson real estate agent says that many lenders, especially the bigger ones such as Chase, Wells Fargo and Bank of America, are offering cash at closing to their homeowners that complete a short sale. In fact, Tucson real estate agents are reporting that their homeowners are receiving up to $30,000 in cash depending on the selling price of their home. Along with lenders offering incentives there are also some investors, such as FHA and VA that are offering money to their customers. Another government incentive program available is HAFA which also provides a certain amount of money at closing. Tucson real estate agents also want you to know that it is entirely possible to collect incentives from multiple parties at the closing of your short sale.

Not only are there cash incentives there’s also a tax relief program available to many homeowners that complete their short sales before the end of the year. The Mortgage Forgiveness Debt Relief Act allows homeowners that complete a short sale on their primary residence to be exempt from paying taxes on the forgiven amount. This is another great money saving program that many short sale customers are taking advantage of.

TO make the most of your short sale experience and to earn money to help you get back on your feet Tucson real estate agents want you to know that now is the time to complete a short sale. Reach out to a Tucson real estate agent today to take advantage of these great incentive and tax relief programs.

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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.

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