Greenwich Real Estate News - Short Sale Tips for Sellers

In this economy and these days, many people trying to sell their homes need to sell their homes fast. This may be because of cash flow problems, job conflicts, location conflicts or personal reasons. Whatever the case, there are some options. Having a short sale can be an advantage for these types of sellers. Here are some tips on how to set your home up for a short sale. That way you can move to your new place right when you need to with fewer worries and hassles.

Ask your Greenwich real estate agent for advice
Real estate agents have experience with all types of sales. They will be able to help you determine if a short sale is best for you and your family and help you get started.

Determine the value of your home
If you are working with a real estate agent, they can help provide you with help in determining how much your home is worth.

Add up all your costs
Add up all your costs of selling your home. Then work with your real estate agent or broker they can then help you determine your closing costs.

Figure out what is owed
It is important to figure out what is owed on the property, including all loans taken out for the property.

Contact a lender
Contacting a lender, will help you determine how they specifically handle a short sale of a home. Some lenders will help you reduce what it is owed or make other options possible. Others make work with agents or anyone else involved to see if they can help in any way to make the short sale possible.

These tips will help those home owners who need to sell their home fast, get a good start. That way they can be on their way to that new job, new location, friends and family and more and have less left behind to worry about. This way they can focus more on their new bright future.

Parkway Elementary Distinguished Teacher

Mrs Charill Pierce, First grade teacher at Parkway Elementary School in Greenwich, nominated by Laura Granville (parent) has been awarded the Distinguished Teacher Award for 2010 along with 5 other recipients of the same achievement. There was a lovely ceremony Tuesday 5/4/10 at the Western Middle School acknowledging their hard work and commitment to children.

My son is currently in Mrs. Pierce's class and I can certainly attest to her ability to seek out each child's different learning skills and to how she nurtures them. My wife and I are blessed to have our son is Mrs. Pierce class. I'm sure all the class parents share the same admiration for our gift of greatness, Mrs Pierce.

Former Greenwich Couple in Ponzi Scheme

Former Greenwich, CT residents and married couple Jeffery Stone and Janette Diller Stone once owners of the now defunct Crescent Fund (investment firm) in NYC owe US regulators nearly $500,000 in fines and restitution for their part in a 5 year penny stock manipulation scheme

Now living in Tokyo, the couple has started another investment firm from their home, Wakabayashi Fund, LLC in which Jeffery plans to continue, but turn over the helm to others amid his SEC problems and a former one year stint behind bars in a federal prison for another penny stock scheme in which he made more than $1M from selling shares of WebSky, a San Francisco company. Not a secret for success!

The former Lehman Brothers broker and his wife claim they have done nothing wrong and only took profits.

April Single Family Sales in Greenwich, CT

The month of April has found itself to have 36 single family homes sold in Greenwich and the surrounding towns following the 35 sold in the month of March. 12 Doubling Road closed on 4/20/10 for $10,450,000 and originally listed for $11,250,000 on 1/11/10 was the highest reported sale. 240 Pemberwick Road closed on 4/21/10 for $539,000 and originally listed for $539,000 on 4/15/10 (5 days on the market) was the lowest reported sale.