reo: 365 Tips for First Time Home Buyers - in Stockton, CA (San Joaquin Central Valley): # 7 - 04/12/12 12:34 PM
365 Tips for First Time Home Buyers - in Stockton, CA (San Joaquin Central Valley): # 7
Ask questions, take notes. Being educated about the home buying process is a must!
Never let a question that you have in your mind go unanswered. Remember that purchasing real estate is one of the biggest and most expensive actions you will take so please make sure you have the answers to your questions. Not promising that all answers will be the one you want to hear but it is important to have the correct answer.
Always be ready to take notes and … (4 comments)
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reo: - a top level leader .... leads to a great team! - 07/15/11 02:27 PM
REOs and Short Sale busienss and really any real estate business requires that a successful transaction occurs - it does warrant and require a team. When you are setting up your business plan, teamwork is key.
Do you work with a team? Are you the leader of the team or just a one of the team members? Let's talk about being a leader in a team enviorment.
Reach for being a top level leader - without this desire and capability Study teams that consistently approach routine tasks with a commitment to excellence, and you’ll undoubtedly find they have leaders who shape positive, … (0 comments)
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reo: HUD is making a come back in 95204 - Stockton, CA! - 07/10/11 05:01 PM
This is another great HUD home for sale. This is an older charmer but still a great buy. The location is centered in one of Stockton's oldest and well known communities - Country Club. The property is listed as having some repair escrow items with the code (IE) Insurance escrow. This means it is eligible for 203(b) repairs up to $5,000. What is a HUD home? A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover … (0 comments)
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reo: HUD Homes are making a come back in Stockton, CA! - 07/10/11 03:45 PM
This is a HUD home that is waiting for the perfect family to move in and make it their "Home Sweet Home". HUD Home purchasing is a little different from your short sale, bank owned or traditional sales. Here are a few questions that you may ask before you start looking at HUD Homes. It is always best to do your homework first and know what you are getting into: Do I need an agent to make an offer? You cannot put in an offer on a HUD Home by yourself. You must use a Selling Broker/agent who is licensed to … (0 comments)
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reo: The Mother and Daughter Realty Team - Report the Statistics for Zip Code 95206 for May 2011 - 07/03/11 10:49 PM
The Mother and Daughter Realty Team - Report the Statistics for Zip Code 95206 for the Month of May 2011. During the month of May 2011, there were 237 homes for sale in Stockton (95206 zip code) at the end of the month. This total includes 84 were sold, leaving a balance of 153 units (2.8 months' inventory) available for sale. Of course, we are all aware that pending status does not mean that the sale will close but we can only hope and check our stats for next month!
Interesting enough is that the median price for a home in … (2 comments)
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reo: Ever wondered if that investor will make a good landlord? or what happens to the property after the close? - 05/14/11 03:12 AM
Every buyer's agent just love an investor right? I love the ones that come to you and say something as smooth as I am looking to purchase more than one property. I am looking in this or that area and I want the properties to be under xamount of money. I am looking for a quick close and the main point here is I want you to be my agent.
Well after you finish silently thanking God for the opportunity... you get busy.
But have you ever wonder if that investor turns out to be a good landlord or if they … (2 comments)
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reo: Pull and Re-pull credit report.... Really? - 05/13/11 09:35 AM
Yes buyers, your credit can get shot just like that! I have had buyers that get so excited that they are pre-approved that they have to celebrate. Don't get me wrong celebrating is all good, but you have to know when it is good to do it.
So let me tell you when it is not good to celebrate:
Celebrating too soon! This means that you finally decided that renting is not for you and you take that first step to getting pre-approved to see what you are worth in the home buying market. That part goes pretty good for you, … (2 comments)
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reo: shhhh! Tell EVERYBODY! FHA Down Payment Assistance can be creative! - 05/12/11 02:58 AM
Shout it out!!!! FHA has some creative ways that you can get FHA down payment assistance - ways that I bet you never thought of and some that you know about but have had a little fear that they were too good to be true. There are some creative ways that you can purchase during this market and not worry that you made the wrong decision. Some people are just comfortable renting, some are not. I am speaking to those that are not comfortable renting and want to have their dream home -- this century!
Disclaimer: While FHA does have ways … (4 comments)
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reo: Are you pulling my leg?? - 04/20/11 01:43 AM
Dear Agent: I am calling you to invite your to join our organization as a listing agent. (Oh boy... this is exciting so far)... please go to our website and register today. We are expecting to get several REOs in your area and we are putting you on our preferred listing agent list.
Please be sure you enter your sales history, zip codes and be available to accept the listings that we are going to send your way!
After you have registered a area manager will contact you personally and get you started.
OK STOP! Take a deep breath and keep … (10 comments)
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reo: Its all about BUY, HOLD and don't FOLD! or is it how low can you go? - 01/13/11 09:22 AM
So I read that even Zillow is admitting the housing prices are going down! Now you remember the days when you go to the homeowner and do your listing presentation (after you have completed a CMA (compariable market analysis) and the homeowner doubts your evaluation of their property value because they said you were too low? Well, we had Zillow to than for "zestimate" being much higher than the CMA that you did!
Now to read that even Zillow admits that the housing values are going down... that is hair riser to me. If Zillow is coming out and stating that … (0 comments)
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reo: What if ~ there were no.... What would you celebrate?? - 01/02/11 01:49 AM
This really made me think -- what if .... we didn't have New Years? What would we do and what we do about the opportunity to start over and make resolutions? Who thought up "New Year"? When it start? What was the celebration and resolutions like way back when this was all new?
Its kinda like asking when Christmas first started to be so well known and big (commerical) what did everyone do. Did you just buy 1 present for everyone or did you just get together and celebrate with a big meal, lots of laughs and hugs. I mean did … (2 comments)
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reo: ...is now a good time to get the First Time Homebuyers' attention? ~ pt. 1 - 01/01/11 02:43 PM
In order to get the attention of a serious First Time Homebuyer, I want to be sure they understand who it works and what is needed to get going in the purchase of a home. This is expectually necessary for a first time home buyer. Know what you can afford. Do not go house shopping before you are sure of your worth. I know, I know -- you have a few more days off and you just want to see what's out there. STOP! Wait and get your worth first.
We in the real estate profession call it - know what … (0 comments)
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reo: Power to the BUYER.... - 12/14/10 04:20 AM
So blessed to have friends that trust me enough to let me be their Real Estate Agent, here in the Central Valley. The power of a buyer is that it is a buyer's market and there are some real good deals out there. But it is funny how no matter what the buyer is qualified for, the next level up is what they want! Buyers can and should negotiate their offer in a way to make them feel they are getting the best for their money and that they are getting a deal.
In the last few days I have been with … (2 comments)
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reo: Realtist® Stands for "Democracy in Housing" www.careb.org - 11/15/10 08:49 AM
What is a Realtist and why are we important to the community? (want to know more Realtist® join the Realtist® Group on Activerain, visit their website (www.careb.org), check out www.nareb.com, facebook and other resources. We stand for "Democracy in Housing" and have been since 1947! That is over 60 years.....
The Realtist® was started by National Association of Real Estate Brokers(NAREB®) back in 1947 and is still working to serve the communities by educating and empowering the underserved. While the organization was created to assure Black Real Estate Agents an equal right, it has grown to include all race, creed and … (2 comments)
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reo: Let's put these together ... to getta sold! (hint: spiff & worth) - 11/14/10 09:33 PM
My next concerns after I see that you have made your home clutter free.. is that you:
Spiff up the property - make any improvements that will improve the show of your home. When possible, stick with the simpler (and less expensive) options to be sure the buying price covers your investment. Determine the worth - Know the fair market value of your home. Your agent can help you assess the cost. You may consider getting an appraisal, but in this market it is smarter to wait until the buyer's lender orders the appraisal. * since most homes for sale these … (1 comments)
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reo: REO Listing Agents - - - Big brother is watching (by name Fannie... and 'em) - 06/09/10 09:28 AM
Did you know that Fannie Mae as well as other banks expect .. that you to treat their listings that they allow you to manage and sell .. that they expect you to treat those listings as if they were your own property? Well they do!
Bottom line, Fannie Mae is checking on you and how you are treating their listings. Assume that you will lose your REO listings if you don't take the results of this internal memo seriously.
Just because you are working with an Asset Manager that is located in Atlanta or Oregon or where-ever!... the eyes of Fannie Mae (Mystery Shoppers) are … (2 comments)
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reo: I love to blog! - 04/30/10 07:38 AM
After over a year of blogging... I can truly say I love to blog about real estate. I love to share and I love to learn from others. ActiveRain is one of those sites that allows you to mentor others and learn from others.
The hot topics now is the market condition: Pre-foreclosure, foreclosure, loan modifications, HAMP, HAFA, Short Sales, REO/Bank Owned properties and you hear it from the top professionals. Although these are not happy time it is great to be able to help others by Blogging. Blogging is educational and it is great!
After I blog on ActiveRain I usually … (0 comments)
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reo: MLS overload with Stockton, CA listings - Birdeye's view - 03/31/10 07:47 AM
Below is a statistic replay of what is going on in the San Joaquin Central Valley area and especially in Stockton, CA:
Sold since 1/1/10 (1,099) REO listings - Active (588) Short Sales - Active (303) Short Sales - Contingent or with lender for approval (468) Pending listings - both REOs and Short Sales (959) New listings are continually coming, Some that fell out are back on the market, Few price increases, much higher price reductions.
This is the eyeview for today, March 30, 2010 - Today's MLS eyeview of our MLS (Metrolist/Prospector) listings:
This is just an eyeview of … (0 comments)
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reo: Phantom Inventory or a clogged system or both? - 01/25/10 01:54 AM
Is the system clogged? YES! Other than "bad loans" --- What can we blame it on? Blame it on the.... Voluntary moratorium of foreclosures: While banks were taking a "time out" or "quiet time" to work on meeting the requirements of the Making Homes Affordable program and/or by state rules requiring mediation before banks could start the foreclosure process.... meanwhile back at the ranch -- more defaults, more short sale signs were going up and eventually more foreclosures(bank owned properties/REOs) -- to add to the pile.
Using the largest of the banks that is highly involved in the Making Homes Affordable -The … (1 comments)
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reo: Buyers: What is the R E A L "Effective Date" - a frequently asked question.....for REOs - 11/27/09 07:04 PM
A frequently asked question.... When is the effective date of this REO/bank owned contract?
Sometimes it is not clear to all what the "effective date" is --- Especially when dealing with (foreclosures) -bank owned properties / and more popular Fannie Mae/ Freddie Mac: There can be many reasons for this delay: Fannie Mae calls it QC and man does it take a long time.
Is it the date the buyer signs or Is it the date the bank signs or Is it the date the bank gets it to the Buyer's agent? The effective date is the date the addendum is signed … (2 comments)
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