RECENT BLOG POSTS
In many areas of the country, including Los Angeles County, homes offered through foreclosure or short sales are available at substantially reduced prices. However, many of these homes have been poorly maintained or damaged by previous occupants. Additional great buys can be found in older, well-...
12/02/2009
Clients often ask me if we are at the bottom and if not, should they wait a little longer. My response may not be intuitive until you do some numbers crunching, then it becomes very clear.If you're still sitting on the sidelines waiting for housing prices to hit bottom, you should consider that w...
12/02/2009
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Would you spend $150,000 for a home with sagging shutters, no landscaping, peeling paint, old appliances, outdated wallpaper and a generally drab exterior? On paper, the house sounds less-than-desirable. But before you answer, consider that this potential fixer-upper is located in California at t...
11/19/2009
If you are a homeowner wanting to move up, this might help you make that decision. What is the definition of a move-up or repeat home buyer?The law defines a tax credit qualified move-up home buyer ("long-time resident") as a home owner who has owned and resided in a home for at least five consec...
11/10/2009
Please be very careful out there. We all know how many scams there are and they can be very clever. I hope you find this info useful. The first phase of the 2010 U.S. Census is under way as workers have begun verifying the addresses of households across the country. Eventually, more than 140,000...
11/06/2009
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Please be very careful out there. We all know how many scams there are and they can be very clever. I hope you find this info useful. The first phase of the 2010 U.S. Census is under way as workers have begun verifying the addresses of households across the country. Eventually, more than 140,000...
11/06/2009
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Have you noticed how much nicer Short Sale listings look in comparison to REO properties. Then why are they harder to sell? Good question. Up until recently, banks have been taking...3,4,5 or more months to get an answer. That's Nuts! Well, at least here in California, the banks are finally liste...
11/05/2009
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I'm not one to look backward but 2007 kicked my butt. It took everything I had to stay afloat. It got to the point where I needed to take a full time job to survive. Having said that, I have been back full time in Real Estate. I HATE punching a clock! It seems that the old ways of getting clients...
10/28/2009
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With this huge Real Estate recession, where the average home has lost 50% of it's value in the last 3 years, it's not surprising that a lot of people are "gun shy" about buying a home. The key is knowing where the bottom is. Just like in the Stock Market, you want to buy low and sell high. Well, ...
10/23/2009
Senate Banking Committee chairman Chris Dodd, D-Conn., went on the record Tuesday calling for a seven-month extension of the $8,000 first-time homebuyer tax credit, which is set to expire in five weeks. Chairing a hearing on the state of the housing market, Sen. Dodd said home prices are stabiliz...
10/21/2009