Getting a Loan is Not Impossible

December 3, 2008 · Lee Ginsburg · 10 Comments

www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/30/RE8014CT0J.DTL .

I had some good friends over for Thanksgiving. Pretty early in the evening the question came up; “Lee how is the Real Estate Market?” “People can’t get loans? Huh”, he stated. This occurs often. Everyday it is mentioned the “Credit Crunch” we have to loosen up credit. I hope everyone reads “You Can Qualify For a Mortgage, It’s Just Tougher” by Marni Leff Kottle of the S.F. Chronicle, Read more

Mixing Business with Pleasure… does it actually mix?

November 19, 2008 · Nicole Machado · 1 Comment

Have you ever felt obligated to use a family member when it came to a business deal? While most of us have, has it ever left you wondering if that was the best decision? In some cases, it is an ideal circumstance. While in others it may be an uncomfortable situation that you were strong armed into. Read more

Has Daly City Seen the Bottom?

November 16, 2008 · Burt Tsuei · 7 Comments

No other city in San Mateo County has seen a greater depreciation in home value in the last year than Daly City. Back in September 2007, the average sales price of Daly City was $730,000, as compared to $565,000 in September 2008. This is a depreciation of almost 23%. The most common question is whether or not this is the bottom of the market. In this blog, I will share with you my expert opinion, as to why the bottom has come to Daly City, and this might be your last chance to get a great value. Read more

Offer Pricing

November 14, 2008 · Lee Ginsburg · 2 Comments

I have several buyers very confused. They offered the asking price for a Daly City home but were outbid by $50,000. This is not supposed to happen in a today’s buyer’s market. The low price is a marketing tool and not a realistic list price. I explained before making a purchase offer, buyers must determine the true present market value. http://www.pruvoices.com/2008/10/what-is-market-value/ Read more

Who is the winner in today’s real estate market?

November 6, 2008 · Dean Rizzi · 3 Comments

The First Time Buyer….

They are buying homes today that don’t have inflated equity…
They don’t have to wait for their home to sell…
They have sellers willing to pay their closing costs and buy-down already good interest rates…
They are in the first “Buyers” Market in nearly 8 years… Read more

Pricing Homes to Sell in the Bay Area

November 2, 2008 · Lee Ginsburg · 2 Comments

Pricing homes to sell. Please note I said “To Sell” not just “For Sale”. Correct Pricing in today’s Bay Area’s Real Estate Market is more important than ever. To review market value please check out, http://www.pruvoices.com/2008/10/what-is-market-value/ Overpriced homes do not get viewed. They remain on the market for a long time, become stale and even after chasing the market with price reductions usually sell below market value. Buyers think something is wrong with it; the sellers are frustrated and desperate. Read more

Opportunity Knocks

October 29, 2008 · Florie Vasquez · Comment here

What an exciting time this is. Full of opportunity, yet challenging. It is imperative to do your homework. Line up all your ducks… Remember it can take upwards of 45-60 days to get loan approval. Timing is essential. It would be wise to start the ball rolling and get pre-approved for your loan. Avoid any hiccups standing in the way of your dream when you have found the perfect home. At years end conforming loan limits will decrease and it could end up costing you more money to borrow the same amount. Take advantage, opportunity is knocking, answer the door.

What is Market Value

October 28, 2008 · Lee Ginsburg · 1 Comment

To determine pricing first one should determine present market value. When assessing residential property four major factors account for I’d say about 75% of the value:

Location · Living area size · lot size· condition/renovations of the property.

Other factors that come into play are the number of bedrooms, baths, bonus areas, in-law potential, color scheme, floor plan, pool, fireplace, single or multi story, attached or not plus more. Read more