Are Home Auctions a Good Deal for Buyers.
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
Getting a Loan is Not Impossible
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
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!
Ratified or Terrified?
My first time home buyers became terrified when their offer ratified! They had submitted few offers on other properties and were overbid every time. Is it the market we’re in today? Is it not expected for the first offer to get accepted?
What has been your experience?
Remodel or Remodeled?
Would you buy cheaper and remodel or buy remodeled? Does it make sense for the first time home buyers to try to save money by buying a property that needs some TLC and remodel it themselves? How much TLC is reasonable? Just some thoughts and concerns! Do you have to be a good handyman to buy a fixer upper? Why do we realtors use “Contractors’ Special” comment on MLS? Should a non-contractor buy a fixer upper? Ok, what are your thoughts?
How Much Will the Seller Take?
In today’s market every buyer is looking for a bargain. With that in mind it is no surprise that the question most often asked these days from buyers is “How much will the seller take?” There is only one sure-fire way to find out…write up an offer! Read more
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
10 Reasons you should NOT buy a house in 2008!
1. You don’t feel like taking advantage of GREAT opportunities while prices have stabilized.
2. You enjoy renting over owning your own home.
3. You believe in buying HIGH and selling LOW rather than what experts suggest which is buy low and sell high. Duh!
4. Your accountant told you that you have enough tax write offs.
5. You don’t believe you can build equity if you buy at the bottom of the market. Read more





