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cash: The dream of home ownership still exists and still makes sense …GOOD sense! - 12/21/09 01:49 AM
In the Hemet - San Jacinto CA marketplace there are excellent opportunities for home ownership.In San Jacinto, CA, we even have a city sponsored first time buyer program where the city will contribute, as a grant, 6% of the purchase price of a San Jacinto home. There are very few restrictions on this grant and decisions are made quickly.The grant money can be used for either the down payment, closing costs or a combination of both.Call me at 951-443-6259 to find out more and get the process started before the City of San Jacinto runs out of funds.
Via Richard … (2 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 10/1/2009 - 10/31/2009 | VIDEO - 11/22/09 11:45 AM
Once again it is time to take a look at the Closed Sales for San Jacinto, CA. For this report, I'll be looking at the entire month of October, 2009. My objective is to not only provide the typical numbers that can be found almost anywhere, but to once again break them down into the very critical subcategories of Sale Type and then again by Type of Financing. In other words I'll be looking at REO Sales independently of Short Sales and FHA Loans differently than Cash Sales.In addition to the Bedroom count, Bathroom count and the Living Space Square Footage … (0 comments)
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cash: market report: San Jacinto, CA | 8/21/2009 - 9/20/2009 | REO Sales and The Market - 10/19/09 06:49 PM
The Hemet - San Jacinto, CA real estate market has remained flat as the summer buying season came to an end.
This report wants to look back from the period covering August 21st through September 20th, 2009.
In particular we will look exclusively at the impact that bank owned homes have had on the market and how each of the four dominant finance types have an effect on the bank owned real estate transactions.The four finance types, of course, are: Cash, Conventional - typically requiring 25% cash down by the borrower / investor, FHA which is predominately the first time home … (1 comments)
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cash: Blood In - Blood Out...New FHA Rules Before Congress - 10/05/09 10:28 AM
Congress has another band-aid they want to put on the economic crises this country and the world are currently experiencing...at a cost that would be picked up by a segment of the population that can least afford it - first time homebuyers.The goal of a new bill, H.R. 3706, introduced by Rep Scott Garrett (R-NJ) on October 1, 2009 would raise the minimum down payment for FHA backed loans from the current 3.5% of purchase price by over 42.8% and require buyers to raise 5% just for the down. The bill, is known as the "FHA Taxpayer Protection Act of 2009"Federal … (8 comments)
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cash: The Perfect Offer...Or Cash is Still King - 10/01/09 01:49 AM
From where I sit as a REO Listing agent in the Hemet - San Jacinto Valley the California REO Market is finally starting to heat up. OK, it may not be sizzling, but I have seen more action in the last week than in a long time - both with buyers and my sellers.Desperate buyers are still struggling to get into escrow to take advantage of the $8,000 tax credit that is scheduled to be pulled off the table for any escrows that don't close on or before November 30th, 2009. That's only 61 days from now and our average time … (12 comments)
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cash: What is So Difficult about an ALL CASH OFFER? - 09/22/09 01:04 PM
I have been on the abuse side or REO Listing Agent Bashing for a couple of days now after my blog post, Do Buyers Think They are Getting Slick? Was featured on ActiveRain. OK, there are a lot of good points there and some great conversation to help make things better. By the way, I have had several of my asset managers read through the blog and subsequent conversation that followed and the best I can get out of them at this point is something along the line of "interesting". We'll see what comes of that.I also wrote another blog article … (6 comments)
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cash: SAN JACINTO, CA MARKET REPORT | 7/21/2009 - 8/20/2009 | Financing Types - 09/13/09 07:29 PM
In the previous article in this series we took a general look at the AVERAGE HOME that sold In San Jacinto, CA during the period of July 21st, 2009 through August 20th, 2009. We learned that there were a total of 110 homes that were sold and closed escrow for an average sale price of $130,834.In this section of the Market Report for both the combined 92582 and 92583 zip codes we will look at the data as it relates to the type of financing used to buy the properties that were for sale.This information is to be considered useful, but … (0 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | VA LOANS in the MARKET - 09/08/09 01:19 PM
The last segment of the market that we will look at for this report on the homes sold in San Jacinto, CA during the period of 6/21/2009 - 7/20/2009 are for the homes that were financed with a loan for our veterans - either VA or CalVet. These loans are unique in that the Veteran is not suppose to use any of their own money to buy the home - and that includes closing costs.VA Loans are a very small section of the market - the 5 VA Loans that closed escrow during this period in San Jacinto only amount to … (1 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | FHA LOANS in the MARKET - 09/08/09 12:47 PM
In San Jacinto CA, as throughout the rest of South West Riverside County and the Inland Empire region of Southern California the most popular way to finance a home purchase today is with an FHA Loan that only requires a 3.5% down payment and must be owner occupied.Homes purchased with FHA Loans represent 44.5% of the Total residential homes sold in San Jacinto with 49 of the 110 residential real estate transactions during the period of June 21st, 2009 through July 20th, 2009.There are several differences between the homes purchased with the popular FHA Loans and other types of financing.First off, … (0 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | CONVENTIONAL LOANS in the Market - 09/08/09 12:12 PM
Conventional loans typically require the borrower to have a larger down payment that government type of loans, such as FHA or VA. Conventional loan down payments in San Jacinto CA from the period of June 21st, 2009 through July 20th, 2009 accounted for 22.7%, or 25 residential homes for sale, closed escrow.Aside from the amount of down payment a borrower must put down on a Conventional Loan, there is not a requirement for the borrower to live in the home. Therefore a conventional loan is a common way for an investor to finance their real estate investment property in San Jacinto, … (0 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | CASH SALES & THE MARKET - 09/07/09 09:40 AM
CASH SALES & THE MARKETIn the next 4 sections of the San Jacinto Real Estate Market Report for the period covering 6/21/2009 through 7/20/2009 we are going to look at how each type of financing affects the market and compare to the AVERAGE SOLD HOME in San Jacinto during this same period. In this section, we will be looking as CASH SALES.
From our Earlier Report we learned that the AVERAGE SOLD HOME in San Jacinto had 2,135 square feet of living space and 3.76 bedrooms with 2.3 bathrooms and that it was built in 1979.The Cash Sales of San … (2 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | FINANCING by TYPE of SALE - 09/06/09 04:58 PM
FINANCING by TYPE of SALEIn this segment to the San Jacinto Real Estate Market Report of SOLD Activity between the dates of June 21st, 2009 and July 20th, 2009 I will take a look at the various types of financing and see what effect, if any, they have on each type of Special Condition that exists in the current real estate market.Of the 110 Closed Escrows in San Jacinto, CA during this period there was one property that has a red flag on it when I examine the public records. It was listed as a "Standard Sale" and the financing type … (2 comments)
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cash: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | Averages by Type of Sale - 09/06/09 04:51 PM
This report is part of the series of articles published as the San Jacinto CA Real Estate Market Report for Sold properties between June 21st, 2009 and July 20th, 2009.This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself. There are, of course, no guarantees to its accuracy. (As an afterthought, I added my own numbers to this San Jacinto Market Report for the same period with the 4 homes I sold in the same San Jacinto Market, during this same period. My personal differences will be published … (0 comments)
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cash: San Jacinto Market Analysis – SOLD 5/20/09 – 6/20/09 FINANCING OBSERVATIONS - 06/21/09 05:01 PM
FINANCING OBSERVATIONS
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009. In the previous segments I looked closely at each of the 4 types of financing used to buy a home in the San Jacinto CA real estate marketplace. The five previous segments published are:
FINANCING - CASH,
FINANCING - CONVENTIONAL
FINANCING - … (0 comments)
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cash: San Jacinto Market Analysis: SOLD 5/20/09 – 6/20/09 CASH SALES - 06/21/09 04:12 PM
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.In this segment I will look closely at a very important segment of the market - the one controlled by CASH investors. Cash transactions accounted for 20.59% of all the closed San Jacinto real estate transactions during this 30 day period. Of the 136 homes that … (0 comments)
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John Occhi, ePRO, Temecula - Murrieta CA Real Estate, 951-443-6259
Murrieta,
CA
More about me…
Exit Twin Advantage Realty
Address: 39755 Murrieta Hot Springs Rd., Suite G-110, Murrieta, CA, 92563
Cell Phone: (951) 443-6259
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