Here is a selection of recent posts by Mark Hasha:
8 Tips to Save Your Sanity
I received some great advice from one of the great lenders I work with and I wanted to share it with you. Timely loan approval is critical in today’s real estate market and I wanted to share his tips with you.
8 Tips to Save Your Sanity
A buyer’s guide to the loan approval process.
Guidelines and requirements for loan approvals have recently become more rigorous and each transaction is processed with much more scrutiny. Keeping just a few things in mind could save your sanity, stress level and funding schedule.
1. Be expedient and thorough. When initiating a loan, and throughout the loan process, it is imperative to provide complete documentation to your Mortgage Advisor as quickly as possible. For instance, if all pages of the bank statement are requested, it really means all pages. While you and I might not think it’s necessary to include the reconciliation page of the statement, the lenders do. And, when they receive only five of the six pages of said bank statement, the loan process can become inefficient and stalled. Read more
It is starting to trickle down?
A question that comes up when talking about today’s housing market is if the recent economic stimulus packages and federal bailouts that we are all paying for will actually help the average homeowner. I wish I could tell you that I understand how it all is suppose to work. You wonder how pumping billions of dollars of taxpayer dollars into bleeding financial institutions will actually trickle down and help average hard working families who are struggling to keep ahead of their daily expenses and keep a roof over their family’s heads. I can’t tell you how it is all suppose to work but I can tell you that I can now see it on my newest mortgage statement. Read more
Award Winning Real Estate Company!
Prudential California Realty, San Bruno Is part of the Prudential Real Estate family which J.D. Power and Associates has ranked as Highest in Satisfaction for Home Sellers among National Full Service Real Estate Firms, in its 2008 survey. We are proud!
Current Real Estate Trends Affecting Brokers and Agents
I saw this really interesting list of current real estate trends on Wikipedia. The list is of the top 10 trends that are affecting the way real estate agents are doing business. I wanted to share it with you and over the next couple of weeks add my thoughts and comments on each trend.
The only annual report detailing real estate trends impacting the residential real estate brokerage business lists the following 10 trends as having the largest impact on residential real estate brokers and agents over the next 12 – 18 months.
Trend #1 – Growth of Social Media and Virtual Communities
Trend #2 – The Sub Prime Lending Collapse Driving Rise in Foreclosures
Trend #3 – The Importance of Information in Real Estate Business Read more
Real Estate Roller Coaster
Is the Bay Area real estate market on its way back up or is it still coasting down?
On June 25th the CALIFORNIA ASSOCIATION OF REALTORS® reported that home sales increased 18.1 percent in May in California compared with the same period a year ago, while the median price of an existing home fell 35.3 percent. So is that good news or bad for S.F. bay area real estate market? It depends.
If you need to sell your home the bad news is that your home may have given back any appreciation it had made over the last three years. The good news is that if you have owned your home for more than three years you should realize a gain on your home sale; it just won’t be at the top of the market. If you are selling your home to buy another, then more good news, your next home will cost less than it would have a year ago.
Have you thought of buying investment property in the past but the numbers just didn’t make sense? Good news, with the decrease in the prices of homes and the strong rental market due to over extended home owners returning to the rental market you can once again find properties that can generate enough income to cover expenses and offer good returns on future appreciation.
Despite all the confusing information in the media, the best news I got from the California Association of Realtors report was that home sales have increased. Real estate operates on the law of supply and demand and as the number of home sales increase, inventory will begin selling off and prices will once again return to stability and the long term appreciation will occur as it has always done in the past.
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