Yes, that's correct, I have been working with this couple that are FHA buyers, and we have put in 35 offers and still --we can not get an offer accepted. This couple is well qualified, and have reached the point with the lender that they are pre-approved, all they need is to find a home. Unfortunately for them they are in a price point that is highly sought after. What makes this such a challenge is that many times the homes are being priced under market which causes overbids by $20,000 to $50,000. They are up against all cash deals or 30% to 50% down. I feel their frustration, each time we look at a home and they put in an offer, the home sells to a buyer that had more down or are all cash.
This particular area is driven by REO properties and short sales. When a traditional sale comes on the market it is rare. I am thankful that they have not thrown in the towel. Oh, by the way these agents that have multiple offers as a courtesy it would be nice if you could let the others that showed an interest in your properties know that the offer you presented did not get accepted. Often we submitted offers and never hear from the agent.
This is what is couple would like to find, a home that is approximately 2500SF, 4Bedrooms, 2.5 Baths. A nice yard. Price between $375,000 to 425,000.
Here is the statical data for the month of May sales in the community of San Marcos, Ca.
Detached homes sold in zip code 92069 27
Detached Homes sold in zip code 92078 46
Attached Homes sold in zip code 92069 13
Attached Homes sold in zip code 92078 28
Total homes sold for the month of June Detached - 73
Total homes sold for the month of June Attached - 41
Sold homes including detached and attached 114
If you are thinking of buying or selling a home --- contact Crescent Moon Realty, Inc @760-945-6652, we offer you a choice of several marketing plans that get results if you are a seller and if you are a buyer we will provide you will strategies that get you offer notice be it a short sale or bank owned property.
After reading a ton of AR post on everything from agents that have a system for their success to agents that have no system. I find that it seems to boildown too mind set. It's like being on a diet they all work but the key ingredient usually is that you must apply yourself. So, it is with real estate---- success starts with the brain/mind. How often does a person think that the battle in real estate is not having the right contacts, not enough good leads. When the answer is in the person approach or mind set. To often in real estate we are quick to blame our lack of success on what ever.
So, the next time if things seem to be a bit off ---- check your mind/brain.
This bank owned property is in need of finding a family, it is a two bedroom one bath home, with approximately 800 SF, it will need some TLC. One car garage. The home has no HOA or mello roos. It is close to all amenities, single level. The bank is looking for a 30 day close, and would like proof of buyers ability to perform from a direct lender. Interested in finding out more about this home please contact. 1-888-882-1198 Ext 125.
Thinking of buying or selling a home---please contact Crescent Moon Realty, Inc @ 760-945-6652, or if you want a non traditional style of selling contact: Land N Sea Auctions, @ 1-888-882-1198
Here is the statical data for the month of May sales in the community of San Marcos, Ca.
Detached homes sold in zip code 92069 27
Detached Homes sold in zip code 92078 34
Attached Homes sold in zip code 92069 11
Attached Homes sold in zip code 92078 8
Total homes sold for the month of May Detached 61
Total homes sold for the month of May Attached 19
Sold homes including detached and attached 80
If you are thinking of buying or selling a home --- contact Crescent Moon Realty, Inc @760-945-6652, we offer you a choice of several marketing plans that get results if you are a seller and if you are a buyer we will provide you will strategies that get you offer notice be it a short sale or bank owned property.
As of May 1, 2009, the cost to get an appraisal done on a re-fi or for the purchase of a home will increase. Here is the "WHY" with the Home Valuation Code of Conduct which has been enacted to improve the accuracy of appraisal by eliminating pressure on appraisers from loan officers, this code pushes the lenders to use third-party appraisal management companies that contract with net-works of independent appraisers around the country who have no direct contact with retail loan officers or mortgage brokers.
So, you might be asking what the new cost for getting an appraisal will be. The average is approximately $550.00 and now the appraisal company can tack on related charges which was not the case before. There is a no show penalties if the person ordering the appraisal does not keep the appointment, which can amount to $100.00, and then there is the addition of $150.00 for properties over $500,000.
These fee's will need to be paid up front with a credit card or debit card, since the final cost can vary--- the prospective final cost is somewhat blurred. No longer can the lender incorporate the cost of the appraisal into the loan origination fees.
Thinking of buying a new home or just wanting to relocate and need to sell your present home, why not let the team of Lorraine and Loretta help your reach your goal, call 760-945-6652.
Every Wednesday a farmers market will be held from 3 to 7 PM. The Cal State farmers market sponsored by the Farm Bureau of San Diego County will feature approximately 25 vendors every week. Visitors to the market will have the opportunity to select from a large variety of fresh, locally produced healthful produce including San Diego grown fruit, vegetables, eggs and honey. There will be demonstrations, music, breads and preparedfoods, tastings and more. The market is certified by the state, ensuring that the produce is being sold by local growers, is grown in California and meets all California quality standards. Head for parking lot B at 333 S. Twin Oaks Valley Road in San Marcos, Ca.
Looking to buy a home or sell your home, call 760-945-6652 and get our team to help you find either the right home or find out about our accelerated selling marketing program--- we offer a choice, traditional or non traditional style.
Coming soon to the Santa Fe Hills community of San Marcos, is a furniture estate auction, almost new items that have been custom design along with electronics and much much more. It will be held as a silent auction, for private showing contact 1-888-882-1198 Ext 120. Smart Bargain hunters will be gald that they checked out this opportunity. Thinking of selling or buying a home in the San Diego area, go with the best, either auction style or traditional find out which is best for you.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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