Archives of real estate blog entries for July 7, 2009 (Page 4)

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June 2009 Median Home Price in Danville CA, What Do Homes Danville CA Sell For? - 08:36 PM
The June 2009 median home price in Danville CA was $912,425 for single family detached homes*. There were 38 home sales of single family detached homes, the highest priced home sold for $2,100,000, the lowest price home sold for $530,000. The average selling price of detached single family homes for June 2009 in Danville California was $1,002,242. These homes were on the market an average of 54 days. Your Danville California real estate market update was written July 6, 2009. See below for information on single family homes sold on the low and high end.
What did 134 Saint Patricks Drive … (0 comments)

What Do Homes in Dublin CA Sell For? June 2009 Median Home Price in Dublin CA - 08:39 PM
The June 2009 median home price in Dublin CA was $632,000 for single family detached homes*. There were 30 home sales of single family detached homes in Dublin CA, the highest priced home sold for $1,300,000, the lowest price home sold for $355,000. The average selling price of detached single family homes for June 2009 in Dublin California was $654,686 after spending an average of 32 days on the market. Your Dublin California real estate market update was written July 6, 2009. See below for information on single family homes sold on the low and high end.
7677 Ironwood Drive in … (0 comments)

Senator Murray sponsors Expansion of Homebuyer Tax Credit - 01:43 PM
After meeting with REALTORS last week, key Senator introduces legislation to extend tax credit until June 2010 AND make it available to ALL buyers.
Senator Patty Murray has authored language to extend the $8000 First-Time Buyer Federal Tax Credit until June of 2010 and to make the extended tax credit available to all homebuyers until that date. This language also removes the income "cap" for receiving the credit. The current credit is only available to those who have not owned a home within the past three years and is available to purchases that close no later than November 30.
In a … (1 comments)

State of California stops accepting applications for home buyer tax credit! - 03:52 PM
The old saying is "If it sounds too good to be true"....well you know the rest. The state here has cut off the flow of free money for purchasing a home in California. There was $100 Million allocated to this program and unless they get some more funds or extend it etc then the free money is gone....
I blogged about this awhile back and let many know that if you were going to purchase do it soon if you wanted to take advantage of this generous tax credit.
Hopefully they will extend and get some more funds for this real … (0 comments)

Active Rain Day at Del Mar (We're Back !) - 06:26 PM
Do you remember this party, from 2007 ?  Active Rainers from all over the country came to the World Famous Del Mar Race Track to enjoy thoroughbred racing in our private infield pavilion.  We had a buffet lunch and a free concert followed the races.
We're doing Del Mar again!  From Meetup:
It's an ALOHA theme for our annual "Day at the Races" event, scheduled for August 14, 2009. We'll be in the Pacific Pavilion (in the infield) enjoying our sumptuous lunch buffet (ice cream included). The races start at 3PM and betting windows are right in our private pavilion. Soft … (20 comments)

Should you sell FSBO? - 03:10 PM
In a conversation I had today with one of my agents, I was asked why would someone list their home FSBO (For Sale By Owner)?
This was my response...
Nationally, the average FSBO gets 29% less for their comparable property than a home listed by a Realtor and make up for only 7% of all recorded sales nationally. In a report published by the National Association of Realtors in February of 2009, the median selling price of an open market FSBO home was $150,100, while the median price for agent-assisted sales was $211,000, as most home owners are unaware of how … (3 comments)

Advance Realty Makes 8th in Largest Residential Real Estate Firms of 2009 - 09:11 PM
Advance Realty is announced in the Baltimore Business Journal's Largest Real Estate Firms in the Baltimore area for June 2009.   Advance Realty now has 21 offices across the country, and 12 offices in Maryland, with new ones slated to open soon.   By claiming 8th place Advance Realty makes the top 10 again for the Largest Residential firms in Baltimore. The Advance model has proven resilient in any market and in several states. Advance Realty has documented record expansion this year and continues to rise against the competition, while other companies are reducing their market coverage. With a recession-proof system, Advance attributes … (0 comments)

Florida Waterfront Estate, Corporate Retreat, Production Studio, Wellness Center - 08:51 AM
… (4 comments)

My note to my Dad after not seeing him for 13 years & Upcoming Marketing Event - 11:01 AM
Happy Tuesday Everyone! If you didn’t catch it, a few months ago I attended the landmark forum which is a seminar that empowers you in so many different ways but made me realize that I wanted a relationship with my Dad that I hadn’t seen in 13 years and he had never met my two boys (ages 9 and 11). Well, we went up there this past weekend and it was awesome. I have simply created a whole new life by taking action and making it happen and am so happy I did. This morning I wrote him a note about … (2 comments)

The Carlsbad Triathlon is this Sunday July 12 2009 - 05:11 PM
The Carlsbad Triathlon has a reputation of being one of the longest-running triathlons in the world. 

Of course the Hawaii Ironman is probably the #1, but, considering the company, being recognized as a pre-eminent athletic event is something to brag about. 
The Carlsbad Triathlon consists of a 1K swim (away from the kelp beds), a 25K bike ride (a two-lap course with rolling hills along the ocean - I have ridden this area myself and it is a terrific and scenic ride), and a 5K run, so it is substantially shorter than some of the better known triathlons. 
The Carlsbad … (6 comments)

Del Mar Real Estate - Del Mar Market Report for June 2009 - 08:11 PM

Del Mar is a small coastal town in North Diego County, just south of Solana Beach and north of La Jolla. It has a reputation for being one of the most expensive towns in the county. Indeed, two of the most expensive homes for sale in San Diego County are in Del Mar, and the town still holds the record for the most expensive property sold (at about $48,000,000).
READ MORE: Del Mar - Affluent Seaside Town (A Community Profile)
Having up to date statistics on the local Del Mar real estate market is important so buyers and sellers can … (5 comments)

Connecticut FHA, CHFA, VA, and USDA Mortgages - 07:52 PM
These days here in Connecticut as well as in many other states FHA Mortgages have become the main Loan product.  Not long ago Conventional Mortgages were the loans of preference, but with all the changes brought about by Fannie Mae, and Freddie Mac, Conventional Mortgages have become costly and difficult to do.
During this time I have written about these changes and how FHA in particularly has become the loan product of choice. These blogs are a little spread out so I thought that it was time to provide links to some of them so that they could be easily found.
… (6 comments)

Whidbey Island Dream Home Tour August 1, 2009 Saturday - 04:35 PM
 Whidbey Island Dream home tour tailored to your clients!  The tour is Saturday, August 1, 2009. There is a morning tour and an afternoon tour.  The morning homes are all under $800,000, and might work as 2nd or vacation homes for your clients. The afternoon is Premier and homes range from $950,000 to $2,900,000. A map provided at registration.  
Please come if you can with your clients.   If you cannot make it, I will be happy to personally be sure they are taken care of on the tour with a follow up note to you the next day.
 At the … (0 comments)

Thought For Today - SIX MAGIC QUESTIONS - 01:48 PM
Thought For Today - SIX MAGIC QUESTIONS
Do you strive to be first class in everything you attempt? Doing so will take you to the heights of success.
Do you always do more than you're supposed to do? If so you can have, be or do anything you want.
Do you do a little more than average? When you do your progress multiplies itself out of all proportion to the effort you put in.
Do you do a little more each day than you think you can? There is always a best way of doing everything. Find it.
Do you travel a little in advance … (2 comments)

Strategic Default on Mortgage: Moral and Financial Considerations - 11:20 AM
Broker Bryant wrote a blog, commenting on another blog, by Richanrd Zaretzky, both regarding intentional defaults on mortgages. Bryant argues that when your home is worth less than 50% of the price paid, or mortgage balance, that in fact it might be financially sound to default.
I would like to point to some of the raminfications of this, and to discuss the moral and fiancial issues involved, however briefly.
First, let's consider that the buyer, at the time of purchase, made a good faith committment to paying for the house they purchased. A contract was signed, and a mortgage lender funded … (77 comments)

FHA Lenders Now Allow $8K Tax Credit to be used for Down Payment - 12:00 PM
FHA Lenders to Allow $8000.00 to be used for Down Payment Important news for all first time homebuyers
Reblogged from Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate, the Realtor with the latest information!
Via Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate (Keller Williams-Ann Arbor):
HUD Secretary, Shaun Donovan announced yesterday that FHA Lenders are going to allowed to let First Time Homebuyers use the up to $8000.00 tax credit as a down-payment.
To quote Mr. Donovan, speaking at the Mid-year conference of NAR in Washington:
Secretary Donovan said that important changes, which the National Association of Realtors® has been … (0 comments)

Understanding Seller Concessions | Seller Paid Closing Costs | Seller Contributions | Seller Assist - 02:22 PM
 
Steve Kappre wrote an excellent blog on seller concessions, and alopng with the comments, I regard it as a very useful post of information... hope it helps all you buyers out there, as well as sellers... both are often uninformed about this aspect of a transaction.
 
Via Steve Kappre, Gloucester County, NJ Loan Officer/Mortgage Planner - 856.419.3561 (Treasury Mortgage):
Having the seller pay some or all of your closing costs is common. Some buyers and their real estate agents have a hard time structuring these type of transactions. Below are FAQ's to help you understand the structuring needed for a purchase with seller … (4 comments)

FBI Report on Mortgage Fraud - 11:52 PM
An interesting report was released by the FBI on the rise of Mortgage Fraud and the types of fraud used. I urge everyone to read the report as it produces some great information. Unfortunately, I cannot copy and paste the entire article so I urge everyone to read and UNDERSTAND it:
 
http://www.fbi.gov/publications/fraud/mortgage_fraud08.htm
 
 
… (0 comments)

212 - The Magic Number - 09:46 AM
This is a great inspirational short.  I am reblogging, I think everyone needs to see it and know what that extra little bit can do for you
 
Dave Woodson
The Indiana FHA Expert
Via Clint Miller (Real Estate Client Referrals LLC):
I often look for motivation and inspiration in as many places as I can.  One of the best I have found is the 212 movie.  www.212movie.com
(I mentioned in the comments that I have a book by this same company...and I highly recommend that anyone that likes inspirational material get a copy.)
But, aside from that, I truly believe it is … (1 comments)

Great New Real Estate Resource for Phoenix Area Buyers - 12:25 PM
As accomplished Phoenix area realtors, my team has come to find that the Valley of the Sun is filled with a diverse citizenry, and to go along with it is a vast assortment of Phoenix AZ Houses for Sale designed to accommodate the varied and ever-changing needs of its residents. The communities of the Phoenix Metro Area have a lot to offer, from the boutique shopping, gourmet dining, and exciting nightlife of Tempe to the art galleries, world-renowned golf resorts, and the magazine-worthy homes of Scottsdale. Yes, Phoenix is one city that definitely has something to offer to everyone. And with … (0 comments)

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