What Sellers and Listing Agents Should Look for in Offers/Financing - 08/15/07 05:12 PM
This is a follow up to another post from this morning but from a different perspective:  Sellers and Listing Agents.
What should Sellers and Listing Agents be looking for in offers these days--aside from the price, because the price doesn't mean anything unless the deal will close.
Here is what I learned yesterday:
Not just a preapproval letter, but a commitment from the lenderVerification of funds for down payment, closing costs and reserves (One agent was concerned that this might be a touchy subject for some buyers.  Fact of the matter is, everyone needs to know that the buyers can perform or it's a … (1 comments)

What you should know about financing and the VERY BEST RATES around! - 08/15/07 12:29 PM
I went to a meeting yesterday about what's going on the mortgage world and how to protect our clients, and ourselves.  Here are a few of the things that I learned, in no particular order:
Make sure the purchase agreement includes language that protects the buyer, and their deposit, in the event that the loan does not fund for reasons outside the buyer's control (i.e. the lender going out of business) so that the buyer can get their full deposit back.Make sure that the lender in the transaction is someone that you and your client know and trust -- whether you are … (7 comments)

Marin County and Southern Sonoma County Real Estate Market Conditions Update for July 2007 - 08/14/07 08:05 PM
The table below shows the activity for the month of July 2007, sorted alphabetically by the name of the City.
The numbers for Corte Madera are affected by the sale of the Bill Graham Estate, which was originally on the market for $24M and selling, after 360 days, for $19.9M.  This was a 12,000 sf home on 11 acres, with (of course) views.
The numbers for Sausalito are affected due to 4 out of the 5 sales being condominiums.
For Tiburon, only one of the homes sold for under $1M at $885K.

Please note that all Original Asking Prices are … (0 comments)

Marin County, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:30 PM
As of August 5, 2007 21% of available listings in Marin County are in escrow.
For the month of July 2007, 244 homes sold in Marin County for an average final selling price of $1,231,370.
It took these homes an average of 69 days to sell.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Sonoma, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:28 PM
As of August 5, 2007 15% of available listings in Sonoma are in escrow.
For the month of July 2007, 39 homes sold in Sonoma for an average final selling price of $910,701.
The average original asking price of these homes was $980,790.
It took these homes an average of 81 days to sell.
Of the 39 homes that sold, 5 sold AT their original asking price and 3 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Petaluma, CA Real Estate Market Conditions ~ July 2007 - 08/05/07 03:26 PM
As of August 5, 2007 14% of available listings in Petaluma are in escrow.
For the month of July 2007, 45 homes sold in Petaluma for an average final selling price of $651,434.
The average original asking price of these homes was $684,727.
It took these homes an average of 64 days to sell.
Of the 45 homes that sold, 6 sold AT their original asking price and 6 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Tiburon, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:24 PM
As of August 5, 2007 24% of available listings in Tiburon are in escrow.
For the month of July 2007, 18 homes sold in Tiburon for an average final selling price of $2,245,904.
The average original asking price of these homes was $2,387,904.
It took these homes an average of 46 days to sell.
Of the 18 homes that sold, 2 sold AT their original asking price and 2 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Sausalito, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:22 PM
As of August 5, 2007 25% of available listings in Sausalito are in escrow.
For the month of July 2007, 5 homes (4 were condos) sold in Sausalito for an average final selling price of $687,800.
The average original asking price of these homes was $702,600.
It took these homes an average of 85 days to sell.
Of the 5 homes that sold, 1 sold AT their original asking price and 1 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

San Rafael, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:12 PM
As of August 5, 2007 22% of available listings in San Rafael are in escrow.
For the month of July 2007, 47 homes sold in San Rafael for an average final selling price of $841,309.
The average original asking price of these homes was $884,149.
It took these homes an average of 67 days to sell.
Of the 47 homes that sold, 3 sold AT their original asking price and 6 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

San Anselmo, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:08 PM
As of August 5, 2007 30% of available listings in San Anselmo are in escrow.
For the month of July 2007, 17 homes sold in San Anselmo for an average final selling price of $1,073,149.
The average original asking price of these homes was $1,137,029.
It took these homes an average of 59 days to sell.
Of the 17 homes that sold, 2 sold AT their original asking price and 3 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Ross, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:04 PM
As of August 5, 2007 24% of available listings in Ross are in escrow.
For the month of July 2007, 1 home sold in Ross for $2,000,000.
The original asking price was $2,295,000.
It took this home 108 days to sell.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Novato, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 03:01 PM
As of August 5, 2007 14% of available listings in Novato are in escrow.
For the month of July 2007 51 homes sold in Novato for an average final selling price of $$813,528.
The average original asking price of these homes was $851,793.
It took these homes an average of 69 days to sell.
Of the 51 homes that sold, 2 sold AT their original asking price and 4 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Mill Valley, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:58 PM
As of August 5, 2007 32% of available listings in Mill Valley are in escrow.
For the month of July 2007, 46 homes sold in Mill Valley for an average final selling price of $1,281,207.
The average original asking price of these homes was $1,338,126.
It took these homes an average of 58 days to sell.
Of 46 homes that sold, 4 sold AT their original asking price and 11 sold OVER.
For more information on this area, click here, or feel free to contact me directly.
… (0 comments)

Larkspur, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:12 PM
As of August 5, 2007 18 % of available listings in Larkspur are in escrow.
For the month of July 2007, 9 homes sold in Larkspur for an average final selling price of $930,222.
The average original asking price of these homes was $963,994.
It took these homes an average of 41 days to sell.
Of the 9 homes that sold, 1 sold AT their original asking price and 1 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Kentfield, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:10 PM
As of August 5, 2007 29% of available listings in Kentfield are in escrow.
For the month of July 2007, 9 homes sold in Kentfield for an average final selling price of $2,097,983.
The average original asking price of these homes was $2,120,889.
It took these homes an average of 33 days to sell.
Of the 9 homes that sold, 1 sold AT their original asking price and 5 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Greenbrae, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:07 PM
As of August 5, 2007 41% of available listings in Greenbrae are in escrow.
For the month of July 2007, 28 homes sold in Greenbrae, for an average final selling price of $1,207,143.
The average original asking price of these homes was $1,156,929.
It took these homes an average of 28 days to sell.
Of the 28 homes that sold, 4 sold for OVER their original asking price.  All others sold for less.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Fairfax, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:04 PM
As of August 5, 2007 23% of available listings in Fairfax are in escrow.
For the month of July 2007, 8 homes sold in Fairfax for an average final selling price of $1,011,375.
The average original asking price of these homes was $1,036,875.
It took these homes an average of 42 days to sell.
Of the 8 homes that sold, 1 sold AT the original asking price and 1 sold OVER.
For more information about this area, click here, or feel free to contact me directly.
… (0 comments)

Corte Madera, CA Real Estate Market Conditions Update ~ July 2007 - 08/05/07 02:00 PM
As of August 5, 2007 39% of available listings in Corte Madera are in escrow.
For the month of July 2007, 15 homes sold in Corte Madera for an average final selling price of $2,258,133.
The average original asking price of these homes was $2,771,530.
It took these homes an average of 67 days to sell.
Of the 15 homes that sold, 3 sold AT their original asking price and 1 sold OVER.
These numbers are skewed a bit by the sale of the Bill Graham Estate.  A 12,000 sf home on an 11 acre incredible view lot.  The original asking price for this home was … (0 comments)

Sunday Open Houses and Private Showings with Buyers' Agents - 08/03/07 04:56 PM
There has been some debate about the value of the Sunday Open House and who benefits from it.  I know that most buyers start their home search online and many start it without an agent.  With the advent of online brokerages that essentially encourage people to reprsent themselves, even more potential buyers will likely be attending open houses on their own.
However, are these agentless buyers preapproved?  Are they really buyers?  Or are they "just looking"?  If they are really interested in buying, but have not yet been preapproved, they many people's time could be wasted -- including the unapproved buyer.
At Sunday … (4 comments)

 
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Kelley Eling (Marin County, CA Real Estate)

San Rafael, CA

More about me…

Frank Howard Allen Realtors ~ Luxury Portfolio

Address: Marin County, CA, 94901

Cell Phone: (415) 308-1182

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