PruCalVoices is a real estate blog supported by Prudential California Realty located in San Bruno, California and www.PruCal.com
PruCalVoices is a real estate blog supported by Prudential California Realty located in San Bruno, California and www.PruCal.com
Do you know what a short sale is?
Doing a routine search for properties today I came across a very good 20 minute video on what is a short sales put on by Fannie Mae. We have been working with short sales for over a year and have had the explanations given and have had the explanation received many many times already but this is short and good. The slides are good and to the point the Audio is clear and crisp it is short enough for clients to get through without losing focus.
As a client I would believe this more than an agent i just met because we all recognize the name Fannie Mae and with all the government oversight they are receiving they have to watch their P’s and Q’s. Read more
as long as we communicate
I have been working with a young couple looking for their first house for 8 month. They have good jobs and great credit. Why haven’t they been able to get a house? We have seen over 70 properties, and I have previewed over 250, their price range and area has a lot of short sales. Over this 8 month time span we have attempted to write 6 offers and finally one looks like it will close.
What I observed in the last few outings when we were looking at properties puzzled me, these two people would drive up to a house and without leaving the car tells me to go straight to the next property. I tell them that it is nice and we should see it but they refuse.
Any type of real estate investment can be profitable. Like the stock market real estate is about timing. Auctions have become more prevalent in recent months and many buyers have asked if auctions are better deals than properties listed on MLS.
This very excellent question simplifies three bigger topics. First are you interested in just the purchase price, without concern of repair or remodeling costs? Next, have you done all the research you need to do with regards to the property, traditional sales have a contingency removal period. Finally will you be satisfied in focusing on the least desirable properties on the market. Read more
