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short sale: Two Learning Opportunities | Short Sales and Foreclosures (REOs) | Southern California CRS - 06/14/10 11:09 AM
Short Sales and Foreclosures - Learning Opportunities in Southern California
The Southern California Chapter of CRS (Certified Residential Specialists) is offering two learning opportunities in the Southern California region in June and July. These classes are open to all, not just CRSs and Chapter members.
JUNE 16 - SHORT SALE 201 Southwest Riverside Association of REALTORS in Murrieta from 9 am until 4 pm. This hands-on workshop taught by short sale expert Sherman Smith will teach you everything you need to know about listing and selling short sales, including how to assemble the right short sale package.
You will walk … (5 comments)
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short sale: Buyer Headaches and Heartaches | San Diego Real Estate | Short Sales and Foreclosures - 05/17/10 10:26 PM
Buyer Headaches and Heartaches in San Diego Real Estate Buying a new home is exciting, with plenty of challenges along the road to closing. While this is true in any market, the current market conditions can make the purchase process full of headaches and heartaches.
This is more likely true when buying a short sale or foreclosure (a.k.a. REO and bank-owned), either by choice, or because that's what exists in your market and price range.
While there can be complications, twists in the road, and unexpected issues in any transaction, short sales and foreclosures seem to result in more unanticipated … (10 comments)
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short sale: Short Sales in the San Diego Real Estate Market 2010 - 05/03/10 02:46 PM
Short Sales in the San Diego Real Estate Market 2010 It should come as no surprise to buyers and sellers that short sales continue to be a large part of the San Diego real estate market, as they are in many markets.
Of course one question is how much of an impact are they having?
And what portion of the market ARE short sales?
Certainly another important question of interest to buyers and sellers is...are short sales selling and to what extent?
As of April 28, this is the percentage of active short sales for markets in my area (this does not … (9 comments)
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short sale: It Shouldn't be this Hard to Buy a Cheap Condo These Days - 01/03/10 06:24 PM
It really shouldn't be this hard to buy a cheap condo in this market.
Granted there are lots of short sales and REOs, especially when you are looking under $100K in North San Diego County (yes, you CAN buy a condo in this price range in America's Finest City these days). Can you believe even a 2-bedroom one?
Well, you can, but it ain't easy.
Here are the most recent examples just today.
Scenario 1- vacant condo on lockbox per the MLS. Got to the unit. No lockbox but keys lying in the entry. Nope, they did not work. Per … (8 comments)
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short sale: RealtyClean - Specialized Real Estate Cleaning and Junk Removal Services in Southern California - 10/07/09 11:15 PM
RealtyClean is a terrific company providing specialized real estate cleaning and junk removal in Southern California, including Orange, Riverside and San Diego Counties (they are growing and may provide services in other areas as well).
Agents with short sales or REOs that need lots of help with cleaning and junk removal might well consider the value-add that RealtyClean can provide:
Services include:
Detailed cleaning and janitorial Window washing AC and duct cleaning Pool, gutter and chimney cleaning Trash out and junk removal Carpet shampooing Pressure washing Crews are licensed and bonded and payments can be coordinated through escrow.
RealtyClean will also … (9 comments)
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short sale: How Fast Can You Move? - 07/25/09 04:55 PM
Buyers, a serious question you need to ask yourself in our lower end housing market in San Marcos, Oceanside and other nearby communities is "how fast can you move?"
Of course being able to move into a home quickly may have strong appeal for some sellers. Or, an appropriate question for a seller might be how fast can you move, since a buyer may want, or need, to take possession within 30 days.
But the question I am posing now to buyers in our real estate market is how fast you can move because of what we see happening with the low end … (4 comments)
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short sale: Buying a Short Sale or REO - What Am I Missing? - 07/21/09 09:44 AM
This post is for buyers who are buying a short sale or REO. There are lots of you, at least in Carlsbad and nearby communities of Oceanside, Vista and San Marcos, and from what I hear, elsewhere too.
A much earlier article on buying a short sale talked more about the process, and issues to be aware of.
Take a look, then come on back. I'll wait...
Now let's get back to the business of buying a short sale or an REO and what you may be missing.
In many real estate transactions it is common for buyers to find that … (14 comments)
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short sale: Carlsbad California Making Home Affordable Loan Modification Program - 07/19/09 06:02 PM
The Making Home Affordable Loan Modification Program for Carlsbad California may be a solution for some folks who are at risk of losing their homes for a variety of reasons. This program was introduced by the Obama administration earlier this year and may provide a solution for many home owners.
You can read more about Loan Modification in the Press Release from the Adminstration about the Making Home Affordable Program.
Bill Gassett is a top REALTOR for Metrowest Massachusetts real estate, and shared this summary of the Making Home Affordable Loan Modification Program to benefit troubled home owners possibly avoid … (2 comments)
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short sale: The Question Used to Be...How Much Less Will the Sellers' Take?? - 05/28/09 10:49 PM
It seems that the typical question we hear in the "buyer's market"...how much less will the sellers' take (or some variant)...is being replaced. The new questions are:
Will an offer at the asking price be good enough? Should I make an offer over asking? How much over asking should I go? While this is not the commonplace question for your typical sale, it IS for the REOs and the short sales these days. Buyers are competing with 5, 10 and more offers on the typical distress sale (I heard of one with 45 offers just yesterday), and while they don't all … (10 comments)
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short sale: "You're Incompetent" - 05/20/09 11:12 PM
Those are pretty heavy words to say to someone. But clearly Bruce Marks had no compunction about saying this (actually yelling on the phont) to a high-level banking official at BofA.
I have to say I applaud his willingness to go after the folks who seem, by most accounts, to be at the heart of the continuing problems with our foreclosure mess, the unwillingness in many cases to attempt a loan modification, and the myriad of other issues that have cropped up in the housing crisis. As many here have complained, it just makes no sense, and it appears we … (10 comments)
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short sale: Warning - Don't Open That Refrigerator - 01/20/09 06:36 PM
This may sound like admonishment from your Mother, but it's really a warning for those of you showing distress sales to buyers. Don't open that refrigerator.
I learned the hard way, and a showing today brought home the lesson loud and clear once again.
I was taking new buyers around short sales last year in San Marcos, CA - fortunately he was the son of our good friends and neighbors, who were also present, so we all had a good laugh. Well, more of a gag.
The home was beautiful, practically new, with gorgeous kitchen and stainless appliances. And a fabulous price. … (26 comments)
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short sale: Are Short Sales and Foreclosures a Deal in the Carlsbad Area or Not? - 12/04/08 10:24 PM
SHORT SALES and FORECLOSURES
Carlsbad buyers often believe that buying a short sale or a foreclosure will yield a tremendous deal. This can be a misconception, and seems to arise from all the hype in the media, and the notion that since they are distress or hardship sales the price will be much lower than a typical sale for a comparable home.
This may or may not be true.
No buyers should be surprised to hear that short sales can be difficult to finalize and may take many months to complete, or to even get an approval from the lender(s). … (8 comments)
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short sale: Who Let the Dogs Out...Not! A Carlsbad Tale - 11/25/08 03:57 PM
The title is intended to be ironic, and not to refer to the song by the Baha Men (you can read them here, and see several videos on YouTube).
The rant is about showing homes where dogs live. Carlsbad or anywhere else. The issue (an exception, fortunately) I have run into more than once now are short sale and foreclosure homes where tenants live and have dogs (well, normal sales too). Big ones. Angry-sounding ones. Ones that don't like the fact that I am there and the owners are not.
Case in point - there is a home near me with … (46 comments)
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short sale: Carlsbad Short Sale Buyers - Get out Your Checklist BEFORE You Start Your Search - 10/29/08 09:36 PM
Buyers who are seeking to acquire a short sale deal here in the Carlsbad area (or nearby, or what is perceived as a deal...listen up.
You need a checklist before you get started, so you can be sure you WANT to jump through all the short sale hoops.
And thinking that possibly you don't have one, here you go.
1. Determine your patience level? (know that getting a response on a short sale can take weeks or longer; how long are you willing or able to wait?)
2. Hire a knowledgeable agent (always a smart idea but work with someone who … (10 comments)
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short sale: The 4th Time and It's a Winner - 05/26/08 11:53 PM
This post is about relocation buyer perseverance and patience, and the trials and tribulations of the short sale, foreclosure and REO market in my area.
I was referred a young couple relocating from the Northwest. He had already started a new job in the San Diego area and they still had an apartment they were paying rent on. Housing allowance was running and, and with a young child (about 1) and another on the way, they were rather anxious to get settled.
Great news – they were pre-approved for a VA loan. Tough news…well in that price range you have somewhat … (36 comments)
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short sale: Short Sales - A Misnomer AND a Marketing Ploy - 04/23/08 02:03 PM
Short sales continue on, with no end in sight.
Buyers continue to inquire about them, ask to see them (sometimes they have no choice in their price range) and to view them as potential deals.
Short sale REALLY is a misnomer, as we all understand. Nothing could be further from the truth, but some folks still do not understand what short sale actually means.
The complexity and frustrations around short sales continues to be readily apparent. Witness the on-going stories that still pop up almost daily on my blog post Buying a Short Sale, written back in January 2007. I … (22 comments)
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short sale: The Topsy Turvy World of Short Sales - 04/04/08 10:57 AM
The real estate world in the last year or two has had several buzz words. They jump out at you from the headlines, they are the topic of conversation at cocktail parties, and everyone has an opinion about them…and a prediction.
Bubble certainly is one of them. Mortgage crisis is perhaps another. Buyer’s market comes to mind as well. But short sale, along with foreclosure, seem to be the words of the day, every day. It’s hard to find a buyer who does not ask about them, or does not express a desire to buy one. And in many markets, and … (7 comments)
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short sale: What Hurdles Do YOU Have to Clear in a Short Sale - 03/01/08 10:22 PM
Short sales are all the buzz in the real estate world these days, for two reasons. One, there are lots of them, with more coming on the market every day. And two, buyers seem to have a keen interest in buying them as they perceive that they represent a good deal. Not necessarily so, but perception is so often heeded rather than reality.
Agents AND buyers - do you know what hurdles you have to clear in a short sale?
There are lots of hurdles to overcome in the short sale market, or hoops you will have to jump through – … (28 comments)
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short sale: Carlsbad Homes - Short Sales and Bank Owned Properties - 10/17/07 09:30 AM
Everyone knows that the market has become flooded with short sale properties and bank owned properties. Some states, and markets, are suffering more than others.
Buyers are looking for deals, because of the large inventories that exist in many areas. Having been at the mercy of escalating prices and bidding wars in the past in the sellers market, now many buyers are staking their claim and holding out for the best deals they can find. As said in a previous post, the battle cry of buyers is "I want a deal."
For some buyers, buying a short sale or a foreclosure IS … (11 comments)
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short sale: Buyers' Battle Cry - I Want a Deal! - 09/12/07 10:06 PM
They shout it from the mountain tops, in their emails, in telephone calls, at Open Houses. They tell their neighbors and friends. Agents hear it over and over. I had a call today, in fact.
"I want a deal."
There probably isn't a single buyer out there who isn't on the bandwagon right now and looking for -- no, demanding -- a deal. And why not? Most markets favor buyers right now, sellers are anxious, prices have dropped in many areas, inventory is up, prices are being reduced again and again, and homes are sitting on the market for months and months.
And some … (59 comments)
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Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360
Carlsbad,
CA
More about me…
Solutions Real Estate (CA DRE Lic. # 01490977)
Address: 6005 Hidden Valley Road, Suite 280, Carlsbad, CA, 92011
Office Phone: JUSTMYCELL
Cell Phone: (760) 840-1360
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DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.
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