This time of year provides just the right moment to take a brief look at the year past, and a thoughtful look forward to where we envision the Real Estate market will move. This past year we experienced seemingly contradictory and sometimes confusing sales activity. On the one hand, prices, depending on your city and… Read More
Recap of 2010 Real Estate Market & FORECAST For 2011!
January 18, 2011 By Leave a Comment
RECAP OF THE 2010 REAL ESTATE MARKET & FORECAST FOR 2011 As I do each year, I am writing to recap the 2010 real estate market and to forecast what is coming in 2011. In regard to 2010, the sales activity in the Tri Valley reflected the increased number of “distressed properties”, that is “short sales” and… Read More
Market Update/Rates are still Good! (May 2010)
May 10, 2010 By Leave a Comment
May 2010 Spring has Sprung! Home prices are afforadable and we have choices! More homes are coming to market each week, and Interest rates are still favorable! (for conforming, <$417,000 loan) 5.125% – 30 year fixed 4.50% – 15 year fixed 4.00% – 5/1 ARM (Higher Conforming, >$417,000 loan) 5.25% – 30 year fixed 4.75% – 15… Read More
Short Sales
December 15, 2009 By Leave a Comment
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
The Middle Man
January 19, 2009 By Leave a Comment
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
Over-pricing vs. Under-pricing
January 19, 2009 By Leave a Comment
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
Short Sale Approved!
January 19, 2009 By Leave a Comment
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
©2012 Bay East. ©2012 CCAR. ©2012 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. Information last updated on 2/4/12 12:48 AM PST.
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