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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Adam Chinn

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

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Lee Ginsburg

Learning to Budget! Kudos To The Teacher.
December 28, 2008 · Lee Ginsburg · 6 Comments

As many of you are aware my Prudential office in San Bruno, Ca. is the largest single independent Prudential office in the country.  We are very progressive and have kiosk in several of the regional malls in the area.  As I had my shift just before the holidays, a young boy, I’d say about 12 or 13 was looking at some listings.  I let him look for a while and then approached.  He told me he was 30 years old and looking for a rental for his family of 4 with a $60,000 annual income.  I did a double take and he explained he had a home work assignment to balance a family budget including housing.  I helped him find a few rental homes in the area.  The reason for me writing about this, I thought it was a great assignment; Reality, Life.   I think this should be taught in detail to all high school seniors and to all purchasing a home.  I believe saving should be part of a family budget.  The savings could be for a down payment, home maintenance, vacation, rainy day, etc.  Read more

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David Wang

Are Home Auctions a Good Deal for Buyers.
December 19, 2008 · David Wang · 3 Comments

                

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

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Roweena Nastor

Refinance, Loan Modification or Short Sale?
December 17, 2008 · Roweena Nastor · 6 Comments

Refinance, Loan Modification or Short Sale?

This is the biggest homeowner question when I attended a Foreclosure Help Clinic this last weekend.  There’s no magic answer to this…it’s a case by case basis and really depends who the lender is or are when there’s more than one loan.  Each lender is different.

Refinance – when you owe more than today’s fair market value of your property or if your income status has changed for the worst then refinancing may not be an option for you.

Loan Modification – when you want to keep your property because it makes more sense to stay than rent; when your income status has changed for the worst due to illness, job lost or decrease income, death, divorce… Read more

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Nicole Machado

SSF Real Estate… things are looking up
December 11, 2008 · Nicole Machado · 5 Comments

As 2008 wraps up and we all grasp onto our crystal balls to determine the fate of 2009… I wanted to end the year on a positive note with some statistics from the San Mateo County Multiple Listing Service that may help to give us all a positive outlook on the Real Estate market for 2009. South San Francisco was one of the Peninsula’s hardest hit cities with short sales and foreclosures, but by the looks of it, SSF seems to be bouncing back just fine. Read more

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Nicole Machado

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

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Lee Ginsburg

DEAL or NO DEAL
September 23, 2008 · Lee Ginsburg · 3 Comments

Deal or No Deal?

    Everyone’s definition of a “DEAL” is different.

Many of today’s buyers are in the mindset that a “Deal” is purchasing a home below current market value.  What is current market value?  It is the price a willing and capable buyer is willing to pay and a seller is willing to accept.   Below Market sales do not occur in today’s web 2.0 world.  Information is plentiful for both the buyer and the seller.  Properties priced below market value are not kept a secret for long.  Homes listed at below market prices wind up getting multiple offers and sell at the price determined by the bidders which is now the market price.  Many of these people looking for this type of “DEAL” have not purchased anything and may not because they continue to offer below the market price. They are not the only buyer out there.   I recently heard of aproperty with 89 offers. The demand is still very strong. Before the internet many properties were kept a “secret” because it took more time, effort and money to get the information out; so yes purchasing below market value was possible then but not now. Read more

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