Last time we were together it was resolved that today’s potential home buyer enjoys a ‘home court advantage’ of sorts. Simply, due to the high supply of homes caused by a necessary market correction…err..eh..’foreclosures’…compared to the relatively low demand (number of sales), today’s market can be categorized as a “Strong Buyers Market”. This is incredibly
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Historically Low Interest Rates, The 2nd Factor That Should Make Today’s Buyers Absolutely Giddy
January 11, 2012 buyers market, Interest Rates
Home Inspections and Requests for Repairs
I recently showed a bank-owned home to some first time buyers. As bank-owned homes go, it appeared to be a gem. Section 1 pest work had been completed, the house had been freshly painted, and the landscaping was trimmed and healthy. The bathrooms weren’t scary, there was no suspicious “moldy” odor permeating the house, nor
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January 5, 2012 Home Inspections
You may not have to pay a Short Sale Deficiency
As a general rule, a mortgage lender is prohibited from pursuing a short sale deficiency or deficiency judgment resulting from a short sale on residential 1-to-4 unit properties. Where applicable, a mortgage lender involved in a short sale is prohibited from engaging in any of the following acts: Collecting a deficiency Having a borrower owe
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November 28, 2011 Deficiecny, Short Sales
The 2 Factors That Should Make Todays Buyers Absolutely Giddy
Central Coast Home Buying, Part 4 of 20: ‘A Strong Buyers Market’ The 2 Factors that should make today’s buyers absolutely giddy are: Strong Buyers Market and Historically Low Interest Rates. Today’s blog will tackle the 1st, Strong Buyers Market; next week, we’ll tackle the 2nd. But do realize, for today’s Central Coast Home Buyer,
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November 22, 2011 buyers market, home prices
Home Renovations That Pay When Selling Your Home
Are you getting ready to put your house on the market? Confused about how to make your home look its best without sabotaging your budget? Here are some ideas for some home renovations when selling your house… First impressions are huge. Look at your house from the perspective of a buyer. When we live in the
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November 21, 2011 Home Renovations, home staging
San Luis Housing Market to Remain Flat in 2012
On Tuesday, November 15th, 2011, The Embassy Suites in San Luis Obispo held its Annual Main Event to inform the public Real Estate Industry what to expect for the San Luis Housing Market in 2012. The main event included 3 speakers this year: the first and most popular being Leslie Appleton Young who is the
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November 17, 2011 2012 Forecast, San Luis Housing Market
Getting Off the Fence, Central Coast Home Buying, Part 3 of 20
Getting Off the Fence I know what you’re thinking…I’m a real estate broker and…no, worse…I’m a real estate ‘salesperson’ who thinks the only way off the fence is to ‘buy a home!!!’ Right? I know, I know. I hear the comments…we’re up there with attorneys! But ‘Getting Off the Fence’, to me, does not mean
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November 2, 2011 Real Estate
3rd Quarter Market Update
Watch a video on this! >> Across the board in all areas of our marketplace we are seeing about a 10% increase in sales this year when looking at the first 9 months, versus last year. Home prices are fairly consistently lower overall in all markets except one, with a general decrease in per square
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October 30, 2011 real estate market
The Question to Consider Before Buying, Part 2 of 20
The Question to Consider Before Buying: Why? Home ownership is not for everybody. I am faced with the reality of renting vs buying your own home several times this year. I provide monthly home buyer workshop that are marketed to current renters. I do this because this is the first time in decades here on
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October 20, 2011 Renting Vs. Buying
Central Coast Home Buying, Part 1 of 20
The Central Coast of California will always have a unique draw. The often heard adage we hear around our coastline is ‘it’s always a good time to buy…they’re not making any more of it!’ And that’s true. But the coastline, striking as it is, represent just one ‘flavor’ of properties here on our Central Coast.
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October 3, 2011 Central Coast, Home Buying, San Luis Obispo