What shall it be; Loan Modification? Short Sale? Foreclosure?

June 16, 2009 · Lee Ginsburg · 4 Comments

You are among the millions underwater and over stressed. What shall you do.

Your credit will be most negatively affected with a Foreclosure, then a short sale. As long as you stay current on your loan, loan modification should not affect your credit. Your credit score weather it is right or wrong is used by potential employers before hiring, landlords before renting, insurance companies before granting insurance and etc. Depending on your individual situation maybe credit is not important.

My client’s father nearing retirement age could live in his son’s rental unit and will not be looking for another job said he might pass away before his home in Las Vegas is worth as much as as his loan. He opted for foreclosure. Read more

Old School Pricing Is Out and Price It Right Is In

May 26, 2009 · Lee Ginsburg · 6 Comments

Many sellers are determined to set their listing price higher than they are willing to accept so they have room to negotiate. With the New Millennium buyers they unfortunately will not get any offers. Today’s buyers are more educated than any others. The internet gives the buyers the opportunity to research all public records. They know the price of all the homes in the area that sold recently and are on the market. They know the trends, the cost per square foot; they know what the seller paid for the home and how much they owe and sometimes the improvements the owner has completed. If a home is over-priced the “New” buyer is almost offended that someone would expect them to purchase it at the “Over Valued List Price” so they don’t even make an offer. Many don’t even waste their time to view the home. That is the old school pricing method. My parents would have done that. Back then information was not so accessible. Read more

Good News or Bad News?

May 23, 2009 · Jean Joh · 8 Comments

good-news-bad-news The other day, I was manning our Prudential kiosk at the Tanforan mall, and a gentleman came up to me and asked how the real estate market is doing. I enthusiastically told him that our office has become quite busy lately and that we’re seeing a lot of activity, especially among first-time home buyers. His response surprised me.

He looked somewhat downcast and said, “Oh, that’s not good…” When I probed a little further, I found that his main reasoning was that he was Read more

Missed Opportunity ?

May 22, 2009 · Terry Birt · 6 Comments

buyers-choice Recently, it seems that all the buyers have come out of the wood work….
We have been inundated with large groups at our open houses and receiving large amount of “sign calls” and inquires on our websites…
But the one thing that has not changed is fear…Depending on where the property is and the price range that it is in, there is a different strategy on how to make an offer. I think the public understands that the interest rates are great, and inventory has lessened, and buyers are hearing about multiple offers; but there is something that is preventing them to make a move. My advise: Work with your agent…let them help you understand… ask a lot of questions.

Just this week, I have encountered buyers who I met a few weeks ago, they saw this home in their price range, and have their financing in order, but they needed time to “think about it”. When they came back to reconsider the home, it was gone (in escrow with multiple offers). Had they written a couple of weeks ago it could have been theirs.

Don’t lose your opportunity. There are several ways to protect yourself from competition and allow you to participate in obtaining home with your price and terms.

How much under the list price can I offer?

May 21, 2009 · Adam Chinn · 6 Comments

This is a question I am asked quite often. Many people get their real estate news from what they hear on the radio, watch on tv, or read in newspapers. What many do not do is actually speak to the people who are in the business and have up to date information on the current market. Although I encourage my clients to ask any questions that comes to mind, it is my job and responsibility to explain to them what I have experienced in the market and where I think it will go from here. Of course, I can not predict the future, but if the facts are studied, trends can be found. I feel it is very important that I educate my clients on the current market, so that we can work together to accomplish the common goal. Read more

San Bruno Real Estate “Shake Up”!

May 20, 2009 · Karin Cunningham · 16 Comments

Skycrest Village- New Homes- San Bruno

From the Skycrest Village, new homes in San Bruno, to the bank owned fixer uppers, San Bruno homes for sale are feeling the shift of a real estate “shake up”! Inventory over the past few weeks has dwindled down to a mere 40 homes for sale and 15 condos. That’s not too many when you consider that San Bruno consists of 14,677 households.

Has The Market Already Changed? I Think So!

May 17, 2009 · Adam Chinn · 4 Comments

I have been working with some clients for the past few weeks. They have been pre-approved for a loan and we have been looking at many homes in hopes of finding them what they are looking for. We find a nice house in Pacifica, they write an offer that is over the listed price. I heard back from the listing agent today, informing me that there have been 20+ offers some of them coming in at about $100,000 over the listed price. Read more

Come on In…the Real Estate Water is Fine!

May 7, 2009 · Julie Cleland · 8 Comments

Whether you are a buyer or seller you’ve made the decision to jump in the real estate waters. Come on in…just realize you are jumping into a moving stream and not a still pool. No matter what you are trying to do, know that it’s been going on long before you got involved and will continue long after you’ve completed your transaction. All you should focus on is the here and now.
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