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Showing posts with label CA Home Sales. Show all posts
Showing posts with label CA Home Sales. Show all posts
Monday, June 7, 2010
Monday, November 30, 2009
REO & Short Sale Facts for buyers
Today's buyers seem to have one thing in common: Everyone wants a great deal. So the real issue is whether the foreclosure, REO or short-sale property you're eyeing is a bargain or a money pit.
The buying public seems to think that "great deal" equals foreclosure, short sale or bank-owned property. The truth is that these properties may appear to be bargains, but in many cases you could be buying someone else's problems. If you're looking for a bargain property, here are some key issues to consider:
CLICK BELOW TO READ FULL ARTICLE:
REOs, short sales aren't always bargains
Some find quality, convenience take back seat to price
BY BERNICE ROSS, MONDAY, NOVEMBER 30, 2009.Monday, October 12, 2009
50 Days until the $8,000 tax credit deadline
Some helpful dates for you to remember:
October 15: The safest date to have your signed purchase agreements submitted and close by November 30th deadline.
November 19: The ABSOLUTE last day for a signed purchase agreement, best cased scenario with traditional pre-approved buyer.
November 30: The federal tax credit expires and all loans must close on or before this date.
Please call me with any questions or to help you start looking. Rates have been at an all time low in the past week and activity has picked up. Take advantage of this buyers market, 949.922.8148.
October 15: The safest date to have your signed purchase agreements submitted and close by November 30th deadline.
November 19: The ABSOLUTE last day for a signed purchase agreement, best cased scenario with traditional pre-approved buyer.
November 30: The federal tax credit expires and all loans must close on or before this date.
Please call me with any questions or to help you start looking. Rates have been at an all time low in the past week and activity has picked up. Take advantage of this buyers market, 949.922.8148.
Thursday, September 17, 2009
Don't Miss Your Opportunity First Time Buyers!
If you have found yourself as a first time homebuyer trying to decide on whether to buy your first home, this could be the time for you. I want to share with you a few facts to consider:
1.Federal Tax credit of up to $8,000 will no longer be available after November 29, 2009.
2.We are still seeing the lowest rates in history on mortgage loans.
3. Most economists that study the market have seen we are near the bottom.
4. By renting you are paying someone elses mortgage.
The prevailing thoughts in the news are that the first time home buyers tax credit will bot be renewed. Take advantage of that paired with low interest rates and find a perfect property to call HOME!
Tuesday, September 15, 2009
M.V. opportunities not in the MLS
I have 6 interested sellers. These are single family homes, not short sales or REO's, and are located near the cross streets of Crown Valley and Marguerite. Call me if you are interested in learning more, 949.922.8148.
Selling your Home
It is important to understand the buyers market today. It will help you know who might be a good fit for your home and ensure that you highlight the most vital features. They are potentially looking at all the homes in your area and you want to be sure you stand out.
Some types of Buyers:
-single first-time
-working couple
-family
-retirees
-empty nesters
-professional single women
Taking a closer look at these groups wants and needs can help identify what’s important to each. Knowing your buyers market gives you an advantage—you can highlight the features of your home that are most likely exactly what those buyers want and understand what a buyer may be comparing your home to in your neighborhood and area.
Some types of Buyers:
-single first-time
-working couple
-family
-retirees
-empty nesters
-professional single women
Taking a closer look at these groups wants and needs can help identify what’s important to each. Knowing your buyers market gives you an advantage—you can highlight the features of your home that are most likely exactly what those buyers want and understand what a buyer may be comparing your home to in your neighborhood and area.
Wednesday, September 2, 2009
Southland home sales rise again as higher-cost areas awaken
August 18, 2009
La Jolla, CA---Southern California homes sold last month at the fastest clip for a July in three years and the fastest pace for any month since December 2006. The median price paid rose slightly from June – marking the third consecutive month-to-month gain – as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, a real estate information service reported.
A total of 24,104 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 3.6 percent from 23,262 in June and up 18.6 percent from 20,329 a year ago, according to San Diego-based MDA DataQuick.
July’s sales total was 8.7 percent lower than the average number sold in July – 26,410 – since 1988, when DataQuick’s statistics begin. July home sales have ranged from a low of 16,225 in July 1995 to a peak of 38,996 in 2003.
Sales have increased year-over-year for 13 consecutive months. They’ve been driven higher by increased affordability, low mortgage rates, plentiful government-insured FHA financing for first-time buyers, robust investor demand and, more recently, improved access to the “jumbo” financing used to buy more expensive homes.
click here for full article.
http://www.dqnews.com/Articles/2009/News/California/Southern-CA/RRSCA090818.aspx
| Sales Volume | Median Price | |||||
| All homes | Jul-08 | Jul-09 | %Chng | Jul-08 | Jul-09 | %Chng |
| Los Angeles | 6,592 | 8,082 | 22.60% | $400,000 | $321,000 | -19.80% |
| Orange | 2,799 | 3,128 | 11.80% | $461,000 | $420,000 | -8.90% |
| Riverside | 4,116 | 4,699 | 14.20% | $260,000 | $185,000 | -28.80% |
| San Bernardino | 2,521 | 3,549 | 40.80% | $230,000 | $140,000 | -39.10% |
| San Diego | 3,431 | 3,809 | 11.00% | $364,000 | $320,000 | -12.10% |
| Ventura | 870 | 837 | -3.80% | $420,000 | $375,000 | -10.70% |
| SoCal | 20,329 | 24,104 | 18.60% | $348,000 | $268,000 | -23.00% |
Source: DQNews.com Media calls: Andrew LePage (916) 456-7157 or John Karevoll (909) 867-9534
Copyright 2009 DataQuick Information Systems. All rights reserved.
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