hard money: Sure Advice for Real Estate Success - 08/01/12 09:27 AM
As Rick Laws (of Pacific Union) mentions in his 2nd quarter real estate report, the Bay Area experienced over 30% increase in homes sold compared with last year.  A 30% increase! 
 
The big question is: “How does a Buying Agent get their Buyers to write the offer that gets accepted?”.  The answer is: “ They make the strongest offer.”  But what does this mean? 
 
Below are some very successful points of advice that, when followed as much as possible, will definitely contribute to a successful accepted offer:
 
<!--[if !supportLists]-->A.     <!--[endif]-->Higher initial deposit.
<!--[if !supportLists]-->B.     <!--[endif]-->Shorten close … (4 comments)

hard money: Sonoma County Homes Selling Fast - If Priced Right... - 07/06/12 09:14 AM
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hard money: Financing Alternatives for Your Home - 06/15/12 04:26 AM
Financing For Your Home

When thinking of purchasing a home what’s the first thing that comes to mind? Generally speaking the answer to this question is usually, if not always, “Money”. While the housing market is on the rise and value of homes are increasing, now is the perfect time to buy! However, many people see the question of money not as a bump in the road, but as a huge roadblock. Well, I’m here to tell you it doesn’t have to be that hard if you take it one step at a time. I’m talking about getting pre approved … (0 comments)

hard money: New Lender's Viewpoint from Our Broker: Current Uses for Hard Money - 06/14/12 08:02 AM
Current Uses For Hard Money
 
Here are some Scenarios that depict the most recent and popular uses for Hard Money:
 
Scenario 1:  You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it.  Loanable equity means the amount you can borrow that exceeds what you already owe not to exceed 70% of the value of the property.  You usually cannot borrow 100% of the value.  You’ve tried your favorite bank, your favorite savings and loan, your favorite credit union, your favorite mortgage broker and gone on line and applied on several … (0 comments)

hard money: Peer to Peer Lending: The Latest on the Newest Lending System - 06/07/12 08:18 AM
P2P Lending
The Newest Details on the Newest Lending System


To truly market yourself to investors, you must first think like an investor. For instance, no investor will want to get involved with something that sounds as if it may fall through or sounds like it’s something they can’t rely upon. There was once a time when coupon clipping for bonds was the way to dip your toes in, so to speak, to test the water. However, nowadays there are a hundred ways to invest and see returns quickly. Many have invested in Real Estate, others in social media … (2 comments)

hard money: 2012 Delinquencies Fall to Lows: Can We Safely Extrapolate? - 05/17/12 07:40 AM
2012 Delinquencies Fall to Lows
Can We Safely Extrapolate? 

As all of you are well aware, there were many factors that contributed to the housing crash of 2007. Much of it was the banks, robo-signing, unemployment, the economy, etc. Since then there have been many changes on how the banks choose to both screen their borrowers and conduct their lending. However, since these changes began several years ago, there has not been that significant change in the mortgage world. That is until now when we now have statistics to back up the argument that changes are happening in the market.
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hard money: New Lender's Viewpoint From Our Broker: "Home Prices, Sales Jump" - 05/17/12 07:29 AM
Here at Sun Pacific Mortgage and Real Estate, our Broker and Co-Owner Forest, the Guy in the White Hat, likes to get in touch with all of you out there in the housing business for a lender's viewpoint article. Here's the lastest and greatest from Forest, Enjoy! 

LENDER’S VIEWPOINT
By: The Guy In The White Hat, Broker Forest Tardibuono
 
“Home prices, sales jump”


          This is today’s front-page headline from my local newspaper.  It must really be good news as they usually are such gloom and doom about real estate – in spite of the facts within their … (0 comments)

hard money: Getting a Conventional Loan: Why it's become so difficult! - 05/15/12 08:40 AM
Why Getting a Conventional Loan is so Hard! 

After the housing market crashed in 2007 all of us in the industry have been anxiously waiting for the market to “hit bottom” so we can start to rebuild. I believe we did just this several months ago and now we are seeing a turn in the market. When prices and values were on the down-slope, it was unquestionably a buyer’s market; Interest rates were lower than we had seen them in forty years, prices were agreeable and economists had high hope that the market would experience an upturn which would immediately … (3 comments)

hard money: Make Hard Money Easy! Close More Deals - 05/08/12 05:59 AM
  
A word from the Broker here at Sun Pacific Mortgage and Real Estate, Forest Tardibuono – The Guy in the White Hat
 

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hard money: Here's a New Lender's Viewpoint from Our Broker Forest at Sun Pacific Mortgage and Real Estate - 05/04/12 04:21 AM
A Word from Our Broker Here at SunPacMortgage

LENDER’S VIEWPOINT
By Broker, Forest Tardibuono
 
Current Uses For Hard Money
 
Here are some Scenarios that depict the most recent and popular uses for Hard Money:

 
Scenario 1:  You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it.  Loanable equity means the amount you can borrow that exceeds what you already owe not to exceed 70% of the value of the property.  You usually cannot borrow 100% of the value.  You’ve tried your favorite bank, your favorite savings and loan, your favorite credit … (0 comments)

hard money: Real Estate Tools: My Favorite Calculator! - 04/10/12 07:45 AM
The Mortgage Calculator
My Favorite Tool to Suggest to Clients..

With all the changes happening in the market it’s no wonder that many are hesitant to buy. However all the evidence is pointing to Buy! Prices will never be lower, interest rates will never be more affordable and the competition is mounting, making the time to buy your home - now. I can even prove it to you.. the link below will lead you to a site with a number of different calculators. Some calculators will show you what your monthly payment on a certain kind of loan is while … (0 comments)

hard money: What's on the Scoreboard for the Housing Market? Newest Update! - 04/10/12 07:19 AM
What's On the Scoreboard for the Housing Market?
Newest Update

All of us in the Real Estate/Mortgage Business have been anxious to see if this will be the year things will start looking up. Recently there has been great news left and right – prices are down, interest rates are down, competition is up and we’ve all been crossing our fingers that the good news will continue. Well, take a deep breath folks, here is the March housing scorecard from the Obama Administration. This blog is based on an article from the Niche Report which you can find a link … (0 comments)

hard money: New and Improved Hard Money: Lender's Viewpoint From Sun Pacific Mortgage & Real Estate - 04/05/12 07:51 AM
LENDER’S VIEWPOINT
By Broker, Forest Tardibuono
New and Improved Hard Money

 
 
Realtors take note...
I recently saw a Wall Street Journal article Explaining the Methods of Hard-Money Lenders (written July 21, 2011).  It begins with "As banks continue tightening their purse strings..." which is the theme of the article.  The article mentioned the increased use of Hard Money due to the "...tight lending these days..." of institutional lenders. 
It then goes on to explain the fact that the loans are concerned with "asset valuations and loan to value-ratios."…."There's no red tape."…. "Because there is little bureaucracy when compared with big banks, deals … (2 comments)

hard money: Hard Money: How My Company's Loan Can Help YOU! - 04/03/12 08:21 AM
Hard Money Loans
Why They're So Great

Being co owner of a comany that gives out hard money I have a tendency to talk up hard money loans. However, once in a while it’s good to go back to the fundamentals of this loan. Why is this particular loan sometimes better? Who would benefit from this loan? How does it function compared to the FHA loan? In this blog I’ve compiled a list of reasons why a person purchasing a home might need a hard money loan instead of a conventional loan.
The first reason for this loan is having … (0 comments)

hard money: Homebuying is Accelerating: Where does that leave me as a Listing Agent and you as a buyer? - 03/15/12 07:43 AM
Homebuying is Accelerating Where does that leave me as a Listing Agent and you as a buyer?


 
The Real Estate market is continuously evolving every day into something new. New market statistics, new deals signed, new percentages of short sales, foreclosure and a change in the median home prices across the board are constantly changing. So where can we expect this tumultuous market to go? Essentially we can’t ever fully predict this, however we can use the information at hand and make the best marketing angles and business steps in the right direction. In the Press Democrat yesterday … (2 comments)

hard money: Loans Revisited: Hard Money or Private Money - 02/28/12 05:56 AM
“HARD MONEY” OR “PRIVATE MONEY” LOAN REVISITED

There are several types of loans you can use to purchase or refinance. This applies whether you are buying a home to live in, a home to rent out, or a commercial building. They include the standard 30 year fixed rate mortgage, the government FHA/VA loans, a commercial property SBA loan, or a Private Money loan.
Private Money is borrowed from private individuals. I bet you’veborrowed money from a relative. That was a Private Money loan, likely unsecured. It wasn’t from the bank or some other institution. Most private money lenders/investors lend money through … (0 comments)

hard money: Bridge Loan: Little Know Loan Program - 02/17/12 05:48 AM
Little Known Loan Program

            I’d been racking my brain trying to come up with my Lenders Viewpoint article for this month.  I didn’t want to write another article about why it’s the absolute best time in years to buy a home because prices are at rock bottom.  I didn’t want to write about the fact that rates are lowest ever.  For sure I did not want to write about the mortgage interest deductions for a home or the fact that in many areas you can now own a home for cheaper than you can rent one.  Another subject I … (0 comments)

hard money: Flipper Chicks Have a New Flip! - 01/05/12 06:36 AM
Hi All! In several weeks I’ll have a new Flipper Chick listing. I’m mentioning it now, before the house is ready, as I’ve had many requests to do so: This one is a cute 1920 vintage bungalow of 871 sq. ft. on a large lot w/big detached garage.  It’s 2 bedroom 1 bathroom and everything will be new!  This home is at 438 Bosley Street which is popular area with lovely neighborhoods & walking distance to downtown/Railroad Square.  Zoned “high density”, a second unit could be added on this lot.  The expected listing price is $209-219,000.
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hard money: Flipper Chicks Soon to Have a New Listing! - 01/05/12 06:34 AM
Hi All! In several weeks I’ll have a new Flipper Chick listing. I’m mentioning it now, before the house is ready, as I’ve had many requests to do so: This one is a cute 1920 vintage bungalow of 871 sq. ft. on a large lot w/big detached garage.  It’s 2 bedroom 1 bathroom and everything will be new!  This home is at 438 Bosley Street which is popular area with lovely neighborhoods & walking distance to downtown/Railroad Square.  Zoned “high density”, a second unit could be added on this lot.  The expected listing price is $209-219,000.
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hard money: Christmas Special on Homes this Holiday Season! - 12/14/11 06:14 AM
Tis the season for cold mornings, hot cocoa and deals on new homes! Two of our listings have had a price reduction just for the holiday season. Originally 760 Leo Drive was listed at $219,500.. for the holidays we've reduced the price to $209,900! This place has been newly painted, inside and out, has new carpeting, new roofing and windows and an upgraded bathroom and kitchen. The home is a three bedroom, one bath, 1,008 square feet sitting on a 5,662 square foot property. The best part about this home is the spacious fenced in backyard. It offers several raised beds with … (0 comments)