You May Be Ineligible to Buy a Home Unless You Act Quickly

The East Bay real estate market is diverse with both buyers and investors alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the East Bay click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 925-855-3432.

On today's Market Minute, we want to inform you of a Fannie Mae rule change that may make you ineligible to buy a home. Currently, if you successfully short sold your home, you would have to wait only 2 years before being able to purchase with 20% down. Starting August 16, however, Fannie Mae is extending the wait to 4 years after closing your short sold home, after which you would be eligible to buy a home with 10% down.

What does this mean for you? Well, if you have been looking to get into the market again after the short sale of your home, you may have to wait even longer. If you've already waited the two years, you want to get your loan approved by a lender before August 16th - that way, you'll be eligible to buy a home and not have to wait an extra two years. If you are interested, we have some great lenders we could put you in contact with, or run you through your other financing options.

As always, we're here to help you with all your real estate needs. Give us a call or shoot us an email if you have any questions, or are interested in buying or selling a home. We'd love to hear from you.

About

I'm a full time real estate broker with over 13 years experience in the industry. Consistently ranked in the top 1% for closed sales in the East Bay, we specialize in helping homeowners sell their home for the most money and in the shortest time. My full service team includes dedicated buyers agents, full time marketing experts and more. We use some of the most cutting edge marketing available to help get you top dollar for your home. My background and education in information systems, web programming and technology sets me apart from other real estate professionals.

Whiteboard animation can be a very effective tool in marketing your home to potential homebuyers. By using an artist rendering of the interior and exterior of the actual home for sale, we can tell a story of the entire home purchase process of the sellers’ property. To learn more about how whiteboard marketing can be used to sell your home Click Here

"When it comes to selling your home, our goal is simple: to use the latest in imagery, technology and marketing to sell your home for the highest price in the shortest amount of time."

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Scott Fuller
DRE#01334119
The Scott Fuller Team
Keller Williams Realty

760 Camino Ramon, Ste. 200
Danville, CA 94526

925-855-3432
scott@thescottfullerteam.com

Scott Fuller Testimonials

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testimonials from happy clients

Orrin - “He was always available to us and he followed through with everything he said he would do."

Dan - “Scott has effective marketing and he’s very attentive and responsive."

Ron - “I had a positive experience and he followed through with everything."

Jim - “I like people who are straightforward, upfront, and attentive and Scott has all of those qualities."

Dan B. - “He explained everything and guided me throughout the whole process."

Ajit - "We wanted to do a short sale and we heard nothing but horror stories from everyone that’s done them. Scott actually specialized in short sales and it was a surprisingly smooth process. He really knew what to do every step of the process. We had a lot of concerns as far as credit goes so Scott had someone do some research based on our circumstances that really put us at ease. We’ve adhered to their process and actually we have a very good credit standing!"