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Welcome To My Newsletter - July 2010
"I hope you will find the following articles enjoyable and informative. My goal is to provide exceptional service and results with your real estate needs. If you are considering buying, selling or have inquires on the market, please don't hesitate to contact me"
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Mortgage Rates Drop to Lowest Rate in 50 Years
Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren't rushing to refinance their loans or buy homes.
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Home Sales Slow During May Due to Tight Inventory
The inventory of homes listed for sale throughout the San Fernando Valley continued to shrink during May, prompting more multiple offers on the dwindling number of local homes that change owners each month, the Southland Regional Association of Realtors reported on Wednesday, June 23.
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Fastest way to get your Short Sale Approved
Short Sale approvals are mysterious. Banks often take months and months to just gather information while everyone involved waits anxiously for any contact. The short sale market has increased as many homes that are selling are typically either short sales or bank owned properties. Straight from our Buyer’s Agents: “Most buyers want a short sale so they can get a better deal”.
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Biggest Defaulters on Mortgages Are Now the Very Rich
LOS ALTOS, Calif.—No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars.
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Rich are Defaulting on Loans at Higher Rate?
Big surprise that the messages to my Blackberry came quick and early, as the bosses read today's New York Times piece on how, "Biggest Defaulters on Mortgages Are the Rich."
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Fixing to sell: Don't go overboard
Fixer-uppers with upside potential were in high demand when the market was appreciating at a fast pace. Once depreciation took over, speculators disappeared until 2009, when low-end foreclosure properties in some areas became hot properties -- particularly if they were selling at a 50 percent discount from the peak in summer 2006.
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Six ways to boost curb appeal
If you're thinking of listing your home this spring, now is the time to be thinking about one of the most important elements of real estate marketing: Curb appeal. It's your one and only chance to make a first impression on a potential buyer, so make it a good one! Here are some suggestions to make your home stand out from the rest:
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