San Bruno Real Estate “Shake Up” 2010!

January 15, 2010 · Karin Cunningham · 3 Comments

112 Georgia Ave. San Bruno, Ca. $419,000

So far, in 2010, San Bruno real estate inventory is low making it a great new environment for homeowners who have been thinking of selling! Currently there are only 30 homes for sale ranging from $299,000 for a small one bedroom home to $1,000,000 brand spanking new homes in a new developement! Md range is about $550,000-$600,000.

With interest rates still teetering between 5 and 6%, home buyers are out in full force looking for good deals before the rates hike up!

What we are seeing is pretty quick sales of homes in the lower and mid ranges while the high end homes are taking awhile. They are selling though! It took quite a few months but the new homes in the Skycrest Develoment next to Lunardi’s have all sold! One most recently at $918,000! Read more

FHA Loans for Distressed Properties?

March 19, 2009 · Jean Joh · 7 Comments

contractor I’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

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

What do you get when you cross an FHA Loan with a Short Sale?

August 30, 2008 · Jean Joh · 8 Comments

In my case, a roller coaster ride of emotions ending with a happy client in his new home. Last week, the escrow was closed successfully on my client’s short sale purchase of a home with an FHA loan. When the process started, I knew that it might not be easy. Read more

Calling all Potential Home Buyers…

July 29, 2008 · Nicole Machado · 1 Comment

“Obstacles are those frightful things you see when you take your eyes off the goal.” ~Henry Ford

Don’t let the turmoil of the subprime crisis get in the way of your dream of becoming a homeowner. With all the negativity buzzing around, everyone seems to be missing out on the opportunities out there. It’s time to get educated and surround yourself with a solid, knowlegeable team that can assist you in making informed decisions when purchasing Real Estate. Whether you are a first time home buyer or getting ready to upgrade, there are many loan products out there that can help you get the home of your dreams. Don’t let obstacles throw you off track. Ask questions and educate yourself on all of the loan products out there helping people who have little money down or not so good credit. Remember a closed mouth doesn’t get fed. If you keep your eye on the prize you will reap the benefits down the road. Check out these websites to learn about some loan programs that can assist you in purchasing a home. http://www.hud.gov/buying/loans.cfm or http://www.heartofsmc.org/