What is a short sale you ask?

A short sale is when a lienholder, typically the mortgage company, agrees to release their lien for less than what is owed to them.

Here's an example:
Mortgage payoff from seller: $300,000
Market value on property is $275,000
The "short" is $25,000

Short sales typically take a bit longer than a typical sale so buyers will need to keep that in mind.

If you would like more information, feel free to contact me.

Fall newsletters are out from your Coldwell Banker Residential Brokage team!

Find out all the local happenings in our Seacoast Area here!

Portsmouth

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Dover

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Exeter

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Kittery

Happy Fall everyone!

Fall Cleanup - ways to improve your curb appeal this fall

One of the first things you can do to help with the clean up is to give your tools a good tune up. It's make your clean up go more quickly and it'll be a little easier on your back. 

Go for the obvious:

• Keep those leaves racked
  
• Weed and thatch to keep things looking fresh
  
• Pick up the poop - need I say more?
  
• Clean out your garden
• Add planters with bright flowers like mums to represent the season
  
• Paint or stain the deck. Not only will it spruce up the deck but it will also help protect it during the winter months

Enjoy the crisp fall air while getting a little exercise and enjoy your newly cleaned up yard! Potential buyers will be more apt to want to see your home if the exterior is looking it's best.

Tools for real estate

Wondering how much a mortgage payment might be? Need a goal planner or a new worth worksheet? msnbc has some gret tools that I want to share. Keep in mind that these are only tools. For a real pre-approval, it's always best to speak with your mortgage officer.

Mortgage Calculator