THE ENGEL TIMES (July/August 2010) WHERE DO WE GO FROM HERE? The Real Estate Market in the Near Term: Our take on it is that it all depends on…jobs. Affordability is the driving force impacting home prices right now. If in the East Bay’s economic future, employers start hiring, (and paying competitive salaries), then demand… Read More
(March 2010) Mortgage Rates! Rates are still good!! 5% 30 year fixed. 5-1 Arm as low as 3.875% And Jumbo 30 year fixed at 5.50% Rate Update, Thanks to: Staci M. Fraser Home Mortgage Consultant Stagecoach Priority Certified Wells Fargo Home Mortgage MAC A0327-011 5075 Hopyard Rd. Ste 200 Pleasanton, CA 94588 925.251.4307 Tel 925.321.0744… Read More
(February 2010) Mortgage Rates! Conforming Rates: APR’s: 0 Points 30 yr fixed - 4.875 4.96 15 yr fixed - 4.250 4.33 10/1 ARM - 4.500 4.59 7/1 ARM - 4.125 4.21 5/1 ARM - 3.750 3.83 High Balance Conforming Rates up to $729,750: 0 Points Rates: APR’s: 30 Yr Fixed - 5.125 … Read More
As lifetime members (third generation) of our community, the Engel Team, Joel & Cindy, would like to introduce themselves! Joel and I have been full-time Residential Realtors in the Tri Valley area for 22+ years. We have an excellent understanding of the local builders and the communities. This experience and knowledge speak to our years… Read More
With the many changes in the market, we wanted to help to educate our clients and answer some frequently asked questions about short sales. If anyone you know has any questions about short sales, please contact us, as we have relationships with CPA’s and Attorneys who have the latest information. Since each transaction is unique,… Read More
(November 2009 Update) Since home sales and home values are so closely tied to the cost of borrowing money, we thought we would focus some attention on current interest rates, along with the general Real Estate related topics we usually discuss. The cost of borrowing money to finance home purchases are currently at very low… Read More
There are many new companies that offer their service as “negotiators”. These companies for a fee (usually 1-2% commission) will negotiate directly with the lenders involved. Their claim is that they have experience and will stay in constant contact with the lender. Usually, they are employed by the listing agent. It is important to know… Read More
When listing short sale property, a Realtor may start with an asking price that looks to be too high compared to the current market. This may be a part of a required process on the part of the lender involved. Many times the lender will require the home to be marketed for several weeks. If… Read More
Really? After submitting an offer to be considered by the lender for a “short sale”, you may be informed that the offer price and conditions have been approved. Many times the “waiting game” takes so long that the buyer making the offer decides to move on and find another property. At that point, the listing… Read More
