murrieta california: Murrieta's REO Report-(NOW IS THE TIME TO BUY 4/1/09)
- 04/01/09 05:02 PM
This 3,972 sq ft 5 bed room 3 bath home can be yours for under $300,000. Located in Menifee California this should be plenty of room for grandma and the kids. Not convinced that now is the time to buy then check out this mini-mansion located in Southern California. I must warn you that this listing will have many offers by the time you read this article. Which brings up a number of issue's concerning this red hot market we are in. •1. Any property that is properly priced will sell within 14 days. •2. If you find something really, … (0 comments)
What is a sane approach to the buying process in Southern California? First, let's look at what is happening in our real estate market. We have primarily two types of sales taking place bank owned and short sales. Bank ownedor other wise known as REO property is just that the bank now owns the house. These are the new normal transactions in Riverside county California. As a buyers agent I'm always relived when my client wants to view a bank owned home. Typically these negotiations are handled like they were back in … (2 comments)
murrieta california: Murrieta's REO Report :The Anatomy of a Short Sale part 3
- 10/03/08 11:20 AM
Oh no, we received an offer, now what? I can remember not too, too long along when I received my first offer on my first listing. Oh no, we received an offer, now what? Call the bank and inform them that you are trying to sell your client's house and that the market value is less than what is owed therefore it is being sold short of what is owed. (Please note that this is not intended to be used as a script but only as a guide.) Ideally the conversation should be an informational session. Basically, … (3 comments)
murrieta california: MURRIETA'S REO REPORT
- 09/22/08 05:01 AM
All the houses I looked at for my clients back in June have all been sold. They were are all banked owned properties and all located within two blocks of each other. There are only two properties on the market in this particular area of Murrieta. Neither were there at the time of my sell. My advise is still the same if you find the property you like and can afford it buy it because it will not last. Something else to keep in mind is that it is more important then ever to have a buyers agent who knows how to … (0 comments)
murrieta california: Murrieta's REO Report
- 08/21/08 05:45 AM
Do you remember that old saying? "If you come to a fork in the road, take it. Now I know what they meant by it. There are so many choices in the market place that its hard to pick the right one. This process is helped by the fact that banks are receiving multiple offers but it is still a struggle for some folks to choose. Of course I'm talking about the current real estate market here in Southern California. I have clients who are finding three and four properties that they could easily live with. Patients on my part is … (0 comments)
murrieta california: THINGS THAT STILL REMAIN
- 08/18/08 03:11 PM
No this is not me surfing but maybe one day you never know. I was just thinking about all the things that there are to do in Southern California. Surfing is just one of the many ways one can enjoy
themselves here. There are also the mountain ranges that surround our In Land Empire as it is called in my neck of woods. Big bear, Arrow Head,there's even a Mt Baldy nearby. I guess they ran out of names when it came to the latter one. Anyhow, there is much to do here. Yes we are having a real … (0 comments)
murrieta california: MURRIETA'S REO REPORT
- 08/18/08 10:22 AM
THE ANATOMY OF A SHORT SALE PART 2 Is there anything else that home owners who are facing default on their mortgage can try before selling short or letting the house go? Well, here are two one might consider: Try doing a Loan Workout with the lender this works as follows: You as the home owner contact the bank or lender and try renegotiate your loan. If by lowering your adjusted interest rate, they can keep your loan on the books this might be worth the effort. In some cases the bank might be able to forgive some of the debt … (0 comments)
murrieta california: TEMECULA'S REO REPORT
- 08/14/08 01:46 PM
THE SKINNY ON THE SHORT SALE PROCESS I've been doing short sales on both sides of a transaction for all of '08. I keep hoping and praying that this mess will clear up and go away. It looks like it's going to be with us for awhile. I've been thinking about what could help make the process go smoother. Sooo here's my two cents; let's make three cents: HIRE UNEMPLOYED REALTORS -Think of all the talented people, outstanding people, who decided that the life of a realtor was not for them. Why not tap into this work pool? Who could … (2 comments)
murrieta california: MURRIETA'S REO REPORT
- 08/13/08 11:14 PM
ANATOMY OF A SHORT SALE Short sales have become a big part of the California real estate scene. They are becoming so prevalent that I've decided to test my expertise by seeing if I can successfully break the short sale process down like an scientist would the human body. I will attempt this feat in two separate posts. First, there are three important facts that you must know before attempting a short sale. You must: Know exactly what a short sale is. Know the time line for a short sale. Know if you meet the lender's qualifications for a short … (2 comments)
murrieta california: MURRIETA'S REO REPORT
- 07/03/08 07:33 PM
It still surprises me when people, who should buy rather than rent hesitate because they think the big dip is going to happen again. I've got news for all the naysayers, California is having a "blue light special" and it's already begun. Yes it will last for 14 more months or so, but the point is it has started. I know from experience that 89% of buyers and investors never buy when prices are going down. They generally wait for prices to go up then they jump in and regret it later. As of 7/3/08 prices will drop 5-10% then … (1 comments)
murrieta california: Murrieta REO Report
- 05/24/08 11:29 AM
Anza lies nestled in the mountains just outside of Murrieta in the Inland Empire of southern California. When I previewed Anza properties this morning, it was refreshing not to see a ton of REOs. Murrieta is bursting at the seams with them, making it the "bank-owned captial of the world." You can see for yourself on my website: www.soldbybarr.com. You should be able to search most of southern California with it. The lesson here is that you have to be careful where you put your investment dollars. Anza is located only 35 miles from Murrieta. The people who bought in Murrieta too late have … (0 comments)
murrieta california: Murrieta California REO Update
- 05/22/08 01:37 PM
The bank homes continue to lead the way in home sales in southeren California. Prices are bouncing off the bottom of the market. I predict that prices will increase in the latter end of the second half of '08. 2009 will be too late to capitalize 100% on this market. It is very intresting to see the buying opportunties that are out there. I don't see prices dropping very much more in my area of the country. In fact I'm continuing to see multiple offers on properties. That alone is nothing new any more, but seeing how fast properties are selling … (0 comments)
This 3,972 sq ft 5 bed room 3 bath home can be yours for under $300,000. Located in Menifee
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