When discussing options with home sellers, one question that always comes up is- ‘What should I tell the buyers regarding the condition of the property?’ The question stems from a fear that if you were to tell the buyer everything you know about the condition of the house and the surrounding area, they may be […]
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Extended and Expanded home buyer credit The American Recovery and Reinvestment Act is the wordy name that covers the extended and expanded tax credit for homebuyers. Buyers who have not owned a home in the last 3 years can get a credit of up to $8000 on their taxes while any eligible buyer can receive […]
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REO (aka Foreclosures) REO’s or ‘Real Estate Owned’ is what most people think of when they think of foreclosed properties. These are properties that are now owned by the bank. having been bought at a trustee sale after a long drawn out foreclosure process. Since banks are not in the business of owning property they […]
HomePath is a program specifically designed to finance liquidation of Fannie’s REO portfolio. Properties offered by Fannie Mae and financed through this program are eligible for financing up to 95% (only 5% down payment) with credit scores as low as 620. There is NO Appraisal, mortgage insurance & no condo warranty required for these properties. These are […]
As a means of stimulating the economy and the housing market, Congress has enacted legislation that grants a tax credit of up to $8000 to first-time homebuyers. This credit is available to buyers who have not owned a residence during the last three years. To qualify for the credit, the home being purchased must be […]
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Need help valuing you house! A good place to start is with some of the internet home value engines. Two popular sites that are often the first stop for valuation are Zillow and Cyberhomes. They are free and easy to use. Type in your address and in a few minutes you will have a rough […]
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I have recently been certified by the National Association of Realtors, NAR, as a Short Sale and Foreclosure Resource. The training I have received has prepared me to guide sellers and buyers down the tricky path of distressed sales. Give me a call for more information.
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Topics explored in this months electronic newsletter: *How to sell in a down market. *Mortgage news. *Understanding your credit report. Selling in a DOWN market (only if you have to) Many people think there is a perfect time to sell and buy both real estate and stocks, but the reality is you can’t time the […]
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Short Sales + Foreclosures This is a statistic about Sonoma County listings was recently reported by the local sponsor of a seminar for agents about short sales that I attended. As alarming as this may sound, the similar measure in the Sacramento market was reported as being over 70%. Foreclosures represent homes owned by lenders […]
http://landmarknorthbay.com/wp-content/uploads/2008/04/sick-short-sale-house.jpg300400http://landmarknorthbay.com/wp-content/uploads/2016/06/landmarklogo.png2008-04-01 17:50:532011-07-23 19:45:1241% of Listings are "Distressed Sales"
20% – 30% Off With median home prices off 20% to 30% from the high hit in August of 2005, there is a meaningful buying opportunity, especially for first time buyers and investors. It was only a couple of years ago when detached single family homes priced under $500,000 were becoming a thing of the […]