Adam Chinn

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

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Jean Joh

FHA Loans for Distressed Properties?
March 19, 2009 · Jean Joh · 7 Comments

contractorI’m sure you’ve heard by now that FHA loans are making a huge comeback in the mortage arena.  After all, it’s one of the only ways to obtain a loan with a low down payment (only 3.5% which can even be a gift) as well as a less-than-perfect FICO score (currently around 620).  One of the main drawbacks, however, has been that the requirements for FHA loans have been a little more stringent regarding the condition of the property.  This becomes an even bigger problem when you take into account that many of the more affordable homes now are REOs (bank-owned) or short sales, where the property has not been maintained very well.  Well, I just wanted to share with you that THERE’S HOPE!  It is possible to get an FHA loan for properties that are in need of some maintenance.  How?    Read more

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Lee Ginsburg

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

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