Developing Home Solutions Helps Struggling

Washington Homeowners Unlock Opportunities

Company Connects Investors with Homeowners Considering Short Sales or Facing Foreclosure

 

SEATTLE – July 20, 2010 – Washington homeowners facing foreclosure or considering waiting for months trying to short sale their home now have a brand new option to free themselves from their mortgage. Bainbridge Island, Wash.-based Developing Home Solutions is working hard with homeowners across the state to purchase their home to avoid foreclosure.

 

“Our program could help thousands of homeowners all over the State of Washington get out from under their mortgage and restart their lives,” said Thomas Dault with Developing Home Solutions. “Best of all it would help all of the cities recover property taxes that have vaporized from the housing bubble.”

 

According to Dault, if he could secure investors for the approximately 3,000 current short sale properties across the State of Washington, he could add more than $26 million dollars in revenue for cities, counties and the state from taxes on the sales. Commissions for the real estate industry professionals would put more than $45 million in the local economies and the money used to repair the homes instead of letting them sit vacant for months would amount to $6.2 million.

 

Add in the $394,000 in potential recording fees and it’s easy to see the impact Developing Home Solutions could have in the current housing crisis.

 

“Let’s not allow these bailed out banks to foreclose on our homes in Washington,” he said. “Instead, let’s make this deficit go away as a community. After all, when a bank forecloses on a home and takes back the property, they are not subject to taxation. Then the property sits vacant for months and everyone is hurt.”

 

Developing Home Solutions purchases all types of homes, including high-end homes and others needing a little extra tender loving care. The homes can traditionally be closed within a 30-60 day window while paying for full real estate
commissions and necessary home repairs before turning them over as quality rentals.

 

“Help your friends out that need some extra help and tell them to call a real estate investor today,” Dault said.

 

To contact Developing Home Solutions about finding a solution to your short sale or foreclosure situation, please visit their website at www.developinghomesolutions.com or call 360-204-3396.

 

Media Contact:

 

Thomas Dault

Developing Home Solutions

Phone: 360-204-3396

YES!!  Having your home stagged in this market makes a huge difference.  Now you need to also have a VERY good stager!!  You do not want to use someone that has done one or two.  Go online find someone with a reputation and get them to stage your home!!  I know here in Kitsap County we have one that comes to mind that just about everyone knows!  They do a lot of work for a very low price.  They also can make bang for your buck renovations and they usually have a very good idea what other people are looking for in this market!!  If you have any other questions let us know and we can give you more insight!  Thanks!


"If you think you can or if you think you can't you are exactly right"  Henry Ford 

    This market is worse in some areas of the country than others, but the overwhelming theme is HOW DO I SELL MY HOUSE?  There are a few keys to selling your house in this market.

    First, you need to be the best priced house on the block with the nicest things to look at.  You can achieve this by stagging your home for sale, cleaning, painting or making bang for your buck repairs.  An agent can be VERY helpful in telling you EXACTLY what buyers in this market are looking for.  The fact is buyers have several options and all the time in the world to look.  Your property has to be set apart from all the others in the area.  If you want go look at the others houses for sale in your area see what they have to offer and one up them.  

    Today I talked with a lady that has her house For Sale for $245,000.  The agent told her that there is not much of a chance it will sell for much over $185,000.   There is nothing I could do to help her if she wants $60,000 more than the market can support for price.  The fact here is that she is 2 months behind and needs to either do a loan modification, sell, rent, rent-to-own or sell to us!

    Second, You can not be unrealistic with your wait time to sell.  Right now it is taking 60-90 days to sell a home in this area.   It is rare to see them sold in just a few days like we saw just 3 years ago.  

    Third, When people are interested in the home DO NOT TAKE THEM THROUGH one at a time.  Make a group showing and have everyone show up within 5-10 minutes of each other.  Phrase it like this "I will show you the house on Tuesday March 12th at 5:30P.M." Next person " I have a packed schedule on Tuesday March 12th so lets make it 5:35 P.M. please be there promptly.  Follow up call to the first people "I have a packed schedule on Tuesday March 12th can we make that appointment for 5:30 P.M. sharp?  Thank you.  See you then remember your references and $35 application fee(WA state law says you can only charge an application. fee equal to what you will spend to do a credit, background, employment, rental, and criminal record check)

    Fourth,  Have several signs pointing to your house with your phone number on them.  Put these signs at every entrance, leading into the property for 2 or 3 miles and make sure drivers can see them.  Make them simple "Luxury Home For Sale 3 Bed/2 Bath 360-555-5555 and then a directional arrow!  These work wonder for marketing!!

        After all of this I still have NO luck selling what can I do?  You have a few options you can hire a rental agency to rent out your house, you can rent out the house yourself (recommend speaking to an attorney before doing this), or you can fill out a form on our website www.webuyhouseswa.com and see how we can help!

        I hope this helps a little for those people selling there homes out there!  Good luck and feel free to contact me with questions, concerns or comments!  Thanks for listening!

    The economy needs to be stimulated by each and every one of us.  A lot of people voted on a new president based on his economic views.  He can not change it himself he needs all of us to rally behind him and stimulate this economy.  There are a few things we can do to help.   

    First each of us take a look at our own budgets and find a few more dollars for buying things locally, things made in the U.S.A. and buy things regionally.  This is so important so that other people in your area running a small business have money to pay for there things such as a mortgage, food and clothing.  If  all of us buy internationally then the local people with business will not have the money they need to pay for the necessities.  This then will possible close there business if not others in the area allowing the real estate market to drop due to foreclosure and it is a downward spiral from there.

    Use some of that money you found in your budget to pay off your debt a little faster.  Your mortgage and student loans are tax deductible so you want to weight the options that they save you money in taxes vs. paying them off sooner.  The rest of the debts you have are usually are not tax deductible which means you want to add that extra $25 you have to paying that debt off.  You would be amazed the impact this makes over 12 months of on-time payments.

    We need to start spending our money on products not made in China, but products made here in the United States.  This is sometimes hard to do and can not always be done, but make an effort to do it each time you can.  

    Put your money into banks.  They are insured up to $250,000 now!!  You will not lose your money if you put it into a CD, savings account, or other account your bank offers.  Also you can buy government bonds which have a high yield of over 6% right now.  We have to keep putting our money in safe places so that banks can use it to lend back out.

     Last we need to encourage others that we can make a difference.  I do not know if this economy is heading down, heading up or stagnant, but one thing I do know is that we can make a difference by the actions we take over the next few years.  These are some very easy solutions that done over a vast majority of people can change this economy quickly. 

"Give me a big enough lever and a firm place to plant it and I can move the world"

                                                                                                                            -Archimedes