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If It Seems to Good to Be True... - 08/22/07 10:25 AM
I think there are more scams out there now then when the market was hot. Every day I get a call from a buyer or seller who has come into contact with some amazing opportunity. Usually it is buyers and sellers who are not working with a Realtor and are searching the internet on their own. Of course, doing online research is important but at some point, people need a trusted advisor before making important decisions such as some of these "opportunities" I have recently heard about:
1. An online ad reads--$286,000, 3BR/2BA single family home, 1660 sq. ft. with a family room and … (11 comments)
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Friends Investing Together - 08/21/07 11:10 PM
An old friend called me today and wondered if it would be possible for his son to get together with a few friends and buy a house. They have all started their careers and are renting crappy apartments for about $800 per month each. My friend said his son can't afford much more than his current rent. At first my thought was, no way. But I started running some numbers and it's very possible for 4 friends to purchase a nice 4-bedroom house and keep each owner's payment under $1000 per month, including the taxes and insurance. I told them they … (6 comments)
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Why Do Life-Long Renters Hate Homeowners? - 08/18/07 11:48 AM
In this morning's LA Times there was a Letter to the Editor from a life-long renter who is says he has "no sympathy" for the thousands of mortgage people losing their jobs and I'm sure it extends to the thousands of homeowners losing their homes. There's a blog--Patrick.net--that is dedicated to illustrating why renting is far better than owning. This renter named Patrick has many arguments why, in his expert opinion, it's far better to rent for your entire life than to own. For example, he makes statements including:
Patrick says...The only money baby boomers have is in their homes so now they are … (7 comments)
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This Week's REO/Foreclosure Tour was GREAT! - 08/17/07 09:38 PM
We had a great turn out for this week's foreclosure tour. We had 5 investors looking for single family homes in Long Beach & Lakewood. We took them to 8 awesome properties. I got a call from one of the buyers today because he wants to show his partner a couple of them next week. Another one of the buyers is considering one of the homes to keep as a rental. And another one of the buyers is looking to help his daughter get her first home--I don't know whether or not he's ready to take that step just quite yet. … (3 comments)
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REO/Foreclosure Tour of Long Beach & Lakewood Homes - 08/12/07 08:24 PM
I conduct weekly open house tours of fantastic opportunities on bank-owned/foreclosure homes & condos in Long Beach, Lakewood and Signal Hill.
Call me for more information and to participate in the next tour!562-673-7348
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I've Seen Prices Drop 60% Since May - 08/12/07 08:20 PM
That headline was a comment from a buyer at an open house I was holding on a great listing of mine in Redondo Beach. Today was the first day on the market and I had 25 people to the open house!! The house looks fantastic--it's totally upgraded to today's standards. I find it very ironic that during one open house I can hear a comment like "home prices are dropping 60%" to "the market has picked up because we missed out on a house we wanted."
Here are some of the other ironic remarks..."Oh since this is the first day on the … (2 comments)
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My Buyer Client Backed Out but I’m Happy for Her - 08/11/07 02:22 PM
I've been working with a wonderful buyer, Paula. I love her because she's realistic about what she's going to get as a first home in her price range. And, she sees the value of buying something that needs cosmetic updating but is priced below market because she can do the major updating later as she saves up money.
Unfortunately, since Paula got pre-approved a couple of months ago, the lending environment has changed dramatically. This week we found an awesome unit and she made an offer that was generally accepted but the seller wanted her to put 5% down. Paula was … (2 comments)
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Shari Posey's Diary of a Mad Realtor - 08/09/07 05:31 PM
From time to time over my career, I've kept a journal of my life as a Realtor. I don't know if it's of interest to anyone else, but sometimes it's cathartic to put down my joys, frustrations, tribulations and jubilations in writing. So now I'm going to blog them for the whole world to see. (The names have been changed to protect the innocent!)
… (1 comments)
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Shari Posey
Long Beach,
CA
More about me…
Prudential California Realty
Cell Phone: (562) 375-1417
Email Me
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