Dallas, TX, April 16, 2007 --(PR.com
)-- In 2006, nearly 39,000 houses in the Dallas/Fort Worth Metroplex were posted for foreclosure. So far in 2007, 14,000 foreclosures have already been posted. One prime reason for this sudden boost in foreclosures is the increase of adjustable rate mortgages.
While buying a home, many interest-rate shoppers are lured in by low initial, “teaser” interest rates of adjustable rate mortgages, or ARM loans. However, after a few years, interest rates were adjusted upwards and many borrowers can no longer afford to pay their mortgages.
Rather than succumb to a foreclosure and potentially damage their credit, many home owners would rather sell their homes now – and fast, before they are forced to foreclose. Unfortunately, many of these people have little equity in their home, so by the time they pay an agent real estate commissions to sell their home, they have lost even more money.
Online for sale by owner companies, such as Dallas/Fort Worth based www.NationalListingService.com , urge customers to sell their home themselves, potentially saving thousands of dollars on commissions that they would normally pay an agent. National Listing Service provides the signs and services needed to sell homes without using an agent. But signs aren’t always enough.
Last year, over eighty percent of home buyers searched for homes online. National Listing Service allows its clients to advertise their homes online, exposing them to thousands of potential buyers 24/7. Clients are also offered support with mortgages, home values, marketing, moving and more.
“We are deeply concerned with the recent increase of foreclosures in the DFW area. Rather than surrender to foreclosures, we urge people to take control of their future by selling their home themselves,” says National Listing Service President, Kelly Eggers. “You know your home best, so why pay someone else to do what you can do better, and why raise your asking price by 6% to pay their commission, especially if you need to sell your home quickly to avoid a foreclosure?”
About National Listing Service:
NationalListingService.com assists buyers and sellers of for sale by owner real estate without charging commissions. NLS is the online realty solution that advertises online real estate listings, and provides buyers and sellers with the expertise to make it simple and inexpensive to buy or sell a home. NLS offers support with mortgages, home values and more. You can visit their web site at http://www.NationalListingService.com .