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Riverside County Jobless in July 9.2% and Rising, De Ja Vu?

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Real Estate Agent with Allison James Estates & Homes 01079287

JanuaryNot exactly what anyone wants to hear and with sellers trying for top dollar and interest rates going up.  Want to sell your house now lower your price or be prepared to take less each month it doesn't sell! Want to buy, wait till after January! Yes, interest rates are going up but seriously anything under double digits is cheap money. 

 

Right now in the Temecula-Murrieta Valley pre owned home inventory is extremely high, and the builders are going at it, finishing what they started in the bubble. Face it we are headed for another BUST.

 

HELOCs are getting ready to adjust to ARMS. More Foreclosures and Short Sales are around the corner. You know re agents are hungry when every street is having an Open House. Sign of the times to come. 

 

Hang on here comes another bumpy ride, America

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Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

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