Today is a Great Day to sell a home,

I am pleased to announce that the Market in Tulare has started to warm up in the last 6 weeks. I see the investors starting to pick up some great deals.

And the first time home buyers are out taking advantage of the new FHA limits. The interest rates are not bad.  However, Banks are much tighter than ever.

I see priced right homes. Are moving fairly good and Everyone wants a good Deal!

I see that the short sales and REO properties are also moving. We must remember. That banks don't want to lose money and have those homes on the market forever.  So it looks as if they are also starting to try to work. To try and get those homes gone. Out of their negetative cash flow. And off their books. I see lots of these are getting multiple offers.  So don't lose out go in at highest and best offer. Otherwise you'll be losing out. No longer taking $5K off the listing price. 

Keep in Mind however, that if you are bidding on a Short Sale or REO properties. That the response time is generally longer, much longer. So don't get discourged.  I've seen them take as long as 60 days to get an acceptance or a counter.  So hang in there.  And bear in mind that their is extra paper work disclosures.  And addendums that have to be signed. and Verification of funds.

Generally most Short Sale or REO offers must also provide a pre-approval letter by an local bank underwriter.  They may choose what lender that may be.  It doesn't mean that you have to use that particular lender. But it means that that seller will only want to accept an offer by a lender they can trust.  Will be able to close the escrow when the time comes. 

So let's go sit on those Open Homes and take advantage these beautiful days.  And find a new family a new home.