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san diego foreclosures: Quit Trying to Outguess the Market. Just put your Best Offer in Now! - 07/23/10 12:47 AM
Quit trying to outguess the market , the seller or the bank. Just put in your best offer!
The other day I was out with a buyer who kept peppering me with questions: when did they buy this home, how much do they owe, what will the bank take, when will they decide, how many other offers are in???
Yes, yes, I always have an initial buyer’s consultation where we discuss the market, what’s important and how to be strategic and win. But some folks feel just compelled to find out every last detail and try to second guess the … (4 comments)
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san diego foreclosures: Handy Dandy Buyers' Market Guide-- Read ONLY if you want to WIN - 07/12/10 04:43 PM
Whenever I represent a buyer, I write them several emails describing the current market and best strategies to get the home they want. I realize that this is an enormous amount of information, spread out over several weeks and many conversations. So that people won't have to go through and review all these notes, now's a great time to recap all this info on one page: Here's what you DON'T/CAN'T CONTROL: *When they review offers/when they accept offers *If you get a second chance to bid higher. no seller is required to give you a counteroffer *How much other people are … (2 comments)
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san diego foreclosures: Is there Life after a Short Sale? - 06/03/10 01:01 AM
Is there life after a short sale? You bet there is, and it's getting better all the time.
Losing your home to foreclosure is a tough and draining, no doubt about it. It's hard not to get caught up in the emotions of the situation-- people feel everything from anger and fear to despondency and helplessness. When you're in the midst of it, it's hard to separate your feelings from logic. But if you can step back for just a moment-- and step outside of yourself, you can start planning for a rosier future, and even another home purchase, when the … (1 comments)
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san diego foreclosures: How Many Buyers Really DON'T Understand What's Going On? 8 Key Questions/Answers - 03/11/10 01:53 PM
We live and breathe the real estate market- I must say the words "short sale" and "foreclosure" at least 100 times a day. But it still amazes me how much the general public does NOT know about what's really going on today.
Weekly I'll get calls with people asking:
Q. Can't I just talk with the (preforeclosure) homeowner and take over his loan?
A. -- Banks aren't doing assumable loans anymore
-- You probably don't want to take over his loan because most likely it exceeds current market value
-- You would have to also pay to run a title search … (5 comments)
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san diego foreclosures: What Happens When Economics and Emotions Collide? - 03/10/10 09:58 PM
Just spoke with two more REALTOR(R) friends today who are personally considering short sales, and are in emotional angst over it having come to this.
I asked them both: how would you advise a client who was in the same situation? For all of us, when it's yourself on the line, our thinking tends to become muddled and laced with emotion.
There's one common denominator with every short sale seller I've consulted-- the first thing they all bring up is the moral dilemma of missing a payment and not honoring their original contract. But most of them are up against a … (4 comments)
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san diego foreclosures: Walk a Mile in Their Shoes-- and then tell me what you'd like to do - 02/21/10 03:48 PM
Dear Seller, do you know how hard it is for a VA or FHA buyer to get an offer accepted in most markets today? All things being relatively equal, would you perhaps consider helping a vet, maybe as a way of thanking them for their service to our country?
Dear Investor, now that the FHA anti-flip rule is gone, you could create an entire niche of buying/fixing/flipping homes for an eager ready-made audience of FHA and VA buyers. Remember when you were struggling to get to where you are today? And now you've got money and you're able to buy... it's … (1 comments)
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san diego foreclosures: It Takes Only 10 to Know… Are You Willing to Change your Search Criteria and Win? - 02/15/10 06:14 PM
It used to be that internet savvy buyers would spend a few weeks looking and learning, and then once they targeted their desired area/price/style, they’d view a handful of homes, maybe 3-5, submit an offer, get into escrow and actually close escrow within about a month.
Now if you’ve done your pre-homework and gone to see 10 homes, and still haven’t found what you want, it’s time to change your criteria and your expectations. This number includes homes you’ve scoped out from the outside, then found out there are multiple offers over list price.
A few ideas on how … (122 comments)
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san diego foreclosures: Haven't closed escrow yet? Is it your agent, or is it the market? 7 ways to tell - 02/14/10 06:20 PM
I've worked with hundreds of buyers over the years, but in the last 6 months, I've had dozens of buyers approach me because their agent "can't find them a house". I'm a total advocate of being mutually loyal with your agent, so here's how you can tell if they are doing everything possible for you, and it's the current market reality which has prevented a successful closing so far.
1. Does your agent consistently return phone calls, research listings, provide information quickly, and arrange for showings within a reasonable timeframe?
2. Does your agent consistently respond to your needs, gather info … (2 comments)
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san diego foreclosures: Real Estate Auctions-- What Buyers Don't Know Can Really Cost Them - 02/01/10 10:55 PM
If you've been tempted by the "great deals" you've heard that "somebody somewhere" got at an auction, please go in with both eyes open. Here are a few auction basics which many people are not aware of.
1. Know the difference between Trustee Sale auctions (usually held at the steps of the courthouse), and private auctions. Trustee sales are CASH only. You don't get to preview the property, and it may come saddled with any number of liens, including mechanics liens, back taxes, IRS liens, all of which you will become responsible for. Private auction companies, like REDC and … (5 comments)
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san diego foreclosures: 2 NEW TIPS: Are Your Buyers/Sellers Really Reading the Short Sale Addendum? - 01/22/10 08:46 PM
Short sale addendums for both buyers and sellers are so important. Most of us review them with our clients, and explain what could happen, but when things go south, most buyers/sellers seem shocked.
We're the quarterbacks of the transaction, so all eyes are always on us. Sellers can't believe it when the bank or investor denies a short sale (translation: why didn't YOU do a better job negotiating?). Buyers have a tough time understanding why we can't control a seller who suddenly decides on a loan mod or a BK, or why the bank doesn't accept their offer.
After working my … (8 comments)
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Barb Fischer
La Mesa,
CA
More about me…
RD Brown Real Estate
Address: 2132 Boulders Rd , San Diego, CA, 91901
Office Phone: (619) 461-2244
Cell Phone: (619) 339-1396
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