Real estate blog entries tagged with buying a home by Shari Posey (Prudential California Realty)

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buying a home: Which investment is better--real estate or stocks? - 05/21/08 11:39 AM

Which investment is better...real estate or stocks? If you ask a Realtor, you know which answer you will get and the same goes for a stock broker. Of course, common sense says you should have a little of both but if I had to choose only one, I would pick real … (0 comments)

buying a home: Ways Prices Drop - 04/10/08 03:23 PM

It seems common sense that the reason real estate prices drop is because there is too much supply and limited demand. BUT WAIT!! There are other factors at work behind the scenes.
The housing market is not like your average retail store that puts products on the shelf and offers advertised specials.
One … (0 comments)

buying a home: Will Roger Must Have Been a Landlord--He Sure Wasn't a Flipper! - 01/15/08 10:39 PM

I love this quote from Will Rogers...
"You don't wait and buy real estate. You buy real estate and wait."
Every day I get calls from investors ready to get back into the market to flip and grow rich. Ironically most of the homes that are currently bank owned are flips that flopped. … (2 comments)

buying a home: Buyer Tests the Market with Multiple Offers to See Who Really Wants to Sell - 01/15/08 10:57 AM

One of my buyer clients found several properties he liked equally and made offers on multiple properties at the same time. All the sellers knew they were in a multiple offer situation. Yes, the offers were low but not what I would consider offending.
Out of 5 offers, 3 sellers came … (0 comments)

buying a home: Some Sellers Won't Negotiate a Penny! - 11/30/07 01:35 PM

It is interesting to see how the sellers of newer listings, meaning those on the market less than 30 days, haven't quite caught on to the fact that it's not a seller's market anymore. I have presented several offers to "newbie" sellers and the counters came back at full price. These … (0 comments)

buying a home: Take Media Forecasts with a Grain of Salt - 11/22/07 11:38 AM

My first job out of college many years ago was as a fact checker so I'm always on guard for discrepancies. But, as a Realtor I was actually delighted to discover in the most recent issue of Money Magazine there are two completely opposite statistics and forecasts regarding the housing market--I'm going … (0 comments)

buying a home: Zillow.com is a BIG FAT Zero.com - 11/11/07 02:10 PM

Zero accuracy that is. Let me explain...
Three times this week I got calls from clients or prospective clients asking me why Zillow.com gave a particular home value and that it seems out of line. That's because it represents almost nothing!
Zillow.com does base their "Zestimates" on data but it's like going to … (1 comments)

buying a home: Does the Sales Price Seem too Low?? It's Probably a Short Sale and that Means "NO" Sale! - 11/11/07 12:58 PM

A client emailed two MLS numbers of properties she would like to see. They were priced way under market and she thought it would be an opportunity to get a great buy.
Again I am reminded of the old saying, if something looks too good to be true it usually is.
In this … (1 comments)

buying a home: Deja Vu?? 5-Year Anniversary of the Bear Market for U.S. Stocks - 10/09/07 06:56 PM

Tomorrow is the 5-year anniversary of the low point of the U.S. stock market when the S&P 500 bottomed out at 777 before it began a 5-year bull market run that reached 1558 last Friday and appears to still be climbing.
What's interesting abou this is the Buiness Section of the … (4 comments)

buying a home: "Time is money and I don't want to waste time showing my buyer properties." - 09/24/07 10:25 AM

A local agent called me yesterday afternoon about one of my listings he was thinking of showing his buyer client. He wanted to know if the seller would be interested in a lease option. I told him the seller would be very interested. He went on to ask me how much … (6 comments)

buying a home: The Housing Market is Very Localized...Some Neighorhoods are DOWN and Some are UP! - 09/17/07 12:43 PM

Listening to the media can be very confusing when you are trying to decide whether to buy or sell now. Not only are reports conflicting but they are usually based nationwide, statewide or regional statistics. In fact, the housing market is very localized, meaning that you can have a down market … (1 comments)

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