Bay Area Real Estate’s – Perfect Storm

December 10, 2008 · Lee Ginsburg · 6 Comments

Perfect Storm = Low Interest Rates, Low Prices, and Lower Inventory.

We have all the ingredients.

If you have been waiting for prices to stabilize you are on the cusp of being late.

Homes in Daly City, San Bruno, San Mateo, San Francisco and South San Francisco are selling. To keep up with the demand Bank of America is falling behind on appraisals and is hiring outside appraisers. I spoke to a termite inspector yesterday. He had 5 inspections scheduled for the day. Need I say we did not speak long. There is a buzz in my office. Conference rooms are filled with buyer’s consultations. Banks dealing with short sales are moving faster and be more aggressively. If you are a first time home buyer or a seasoned investor; jump in, the buying is great. It is a PERFECT STORM for you. Low Prices, Low Interest Rates and Lower Inventory. Getting a Loan in not impossible
http://www.pruvoices.com/2008/12/gettin-a-loan-is-not-impossible/

If you are busy with the holidays maybe meet with me (877-Lee Sells) or your favorite realtor just to get updated on the market so you are ready to take advantage of the Best Buyer’s Market in 30 Years come January.

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

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

Is it a good time to Move Up?

October 17, 2008 · Nicole Machado · 1 Comment

Everyone’s question these days seems to be “Is now the right time to buy”? I have come up with a chart that helps you make the decision if now is the right time to buy!

Current Home New Home

Sell	Spread (What it would cost you to move)	Buy
$100K	$100K	$200K
(Value appreciates 10%) $110K	$110K	$220K
(Value depreciates 10%) $ 90K	$ 90K	$180K

The above chart is an example of a “move-up” buyer determining whether it is a good time to purchase an upgrade property.

Now ask yourself this question… “When does it make more sense to move up- when prices have gone up less or when they’ve gone down more?”

If you have answered when prices go down, you are the lucky winner!!!! You profit the most when the spread is less. So whether you are discouraged that you don’t have enough equity or down payment in order to move, ask yourself this question….

“If you don’t feel you can move up comfortably now, how will you be able to do so when prices go up further?”

***One last thing to ponder… When interest rates go from 6% to 7.5% the prices of homes would have to go down 14.7% in order to keep the same monthly payment.

Christmas Come Early

September 15, 2008 · Nicole Machado · 1 Comment

As we approach the holiday season, while everyone else is immersed in cooking the Thanksgiving Turkey and getting up at dawn to get those Holiday discounts on the season’s hottest new toy you can take advantage of the season’s best toy… a house! Read more

10 Reasons to use a Mortgage Broker

August 18, 2008 · Dean Rizzi · Comment here

1. Simply put, Mortgage Brokers will save you TIME and MONEY!

2. Brokers are driven to find you the best rate, your bank’s goal is to provide another service to you.

3. You can tell brokers everything, and they’ll present your information to the lender in the most favorable light; once you tell your bank something that’s not in your favor, it’s too late to take it back Read more

Home Sellers Everywhere…

July 31, 2008 · Nicole Machado · Comment here

Home sellers everywhere contemplate whether now is the time to “move up” the real estate ladder and upgrade. Some think they can’t afford to move up because they have lost equity in their current home since the market has taken a turn. When in fact they haven’t lost anything in all actuality. If it wasn’t time for you to sell your home when you had that supposed “equity” well then you never had it at all. If you wait to “move up” the cost of your new home will cost more. You want to upgrade when prices are down so your new mortgage is more affordable and while interest rates are still at hystorical lows. Sellers put your buyers hat on… think like a buyer and not like a seller, in the end you’ll be happy you did!

Welcome to PruVoices!

July 2, 2008 · admin · 2 Comments

Welcome to PruVoices, a real estate blog sponsored by Prudential California Realty located in San Bruno, California. We are here to talk with you about all sorts of real estate related topics and hope you join in on our conversations on all things real estate!

Our topics include:

Bay Area neighborhood news and events. The San Mateo Peninsula areas we cover include Daly City, Brisbane, South San Francisco, San Bruno, Pacifica, Millbrae, Burlingame, San Mateo, Belmont, San Carlos, and Redwood City.

Local real estate trends such as the amount of homes on the market versus recent sales. What is affecting real estate prices in your neighborhood?

Marketing your home. Let’s talk about great ways to get your home sold and how to get top dollar.

Real estate finance topics include current interest rates, pre-qualifying for home financing and FICO scores and loan programs such as FHA loans, first-time home buyer programs, CalVet, and some of the more local programs.

Real estate in the news, a place to express your opinion and leave comments about real estate articles in the news and on the web.

Frequently asked questions is another category that should help some of those who are too shy to ask!

We look forward to connecting with buyers, seller, and agents alike. We welcome all comments on our posts. Please don’t be shy to ask a question. That is how we all learn!

Our goal is to continue to provide information and engage in conversations about different areas in the Bay Area that you would like to buy, sell or simply talk about. We are very excited that you found us so leave us a comment and we will respond promptly!

Thank you for joining us!