Alameda
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Alameda
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This woman buys a condo for her brother and sister who unexpectedly die within a year of each other. Later, the woman tries to rent the condo, where the rents barely cover the monthly mortgage and HOA fees.
The HOA slaps her with a hefty fine because under their rules, the
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Just one of the fun things we do at our office...
Usually, forone Friday of the month, we holda Brown Bag lunch with our broker, during which we discuss events and issues pertaining to real estate. It's an informal roundtable discussion.
However, the brown bag luncheon was scheduled on July
(5 comments)
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Like many other cities that have hummed along, Alameda seemed to, as many residents like to say "hold its value." But Alameda is hardly untouched by calamitous economic downturn.
In 2008, the numbers were quite different than where they are today
2008 REO foreclosures: 35 homes, or 8% of 415
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Typically, wecopped out by referringclientsto our lenders and to our escrow managers. Or we say "Let me work out some figures and I'll get back with you."
We never have the answers on the spot. Well, with Fidelity Agent, we can! Info on Fidelity Agent is not on every Fidelity Title
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Past contestants have sculpted replicas of the Posey Tube, a Mayan temple and even Godzilla. Still others have opted for traditional castles with towering turrets, crenelated walls and saltwater moats.
What can be entered during the 43rd annual Sand Castle and Sand Sculpture Contest today is limited just by the
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Part of my outreach and Client Appreciation Program (CAP)per Working by Referral (Brian Buffini) to clients and associates is to send them an Item of Value.
This time, I digressed from the original and proposed letter, and created one that I felt was pertinent today. Here's what I am getting ready
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KEY TO EARNING ENERGY-EFFICIENCY TAX CREDITS
Homeowners now can claim up to $1,500 in expanded energy-efficiency tax credits for remodeling their principal residence to reduce energy consumption. Available until the end of 2010, the revamped Existing Home Retrofit (25C) Tax Credit helps consumers save two ways: on their costs and on
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It's was a busy week for Nancy and me. We have been wrapping up the work on the new townhome listing. The painting is done except for some touch up that will be needed after the hardwood floors are refinished which begins Tuesday. The rose garden is looking great. We are
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Last Sunday was going to be a busy open house day. My listing is on a corner lot. So put up colorful flags on one side, and another set of coloful flags on the other side to form a "V" to lead people straight to the front door.
THE NERVE!
Imagine
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I Every time I have a broker's tour in my island city, I always (ALWAYS!) serve Chinese dim sum appetizers and bottled water. It's become sort of a "signature" refreshment, and people who know me, know I will always serve dim sum.
Today, I held a broker's tour for my newest
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The title of the post refers to the weather in the area over the last week. Spring may be in the air but its feeling a lot like summer.
Last Wednesday afternoon I spent a few hours volunteering at the Alameda Chamber of Commerce’s Business Expo and monthly mixer which was
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Dear Homeowner
If it appears that the only available option to you is to sell your property as a short sale, here are things you should know:
Short sale is a type of pre-foreclosure sale in which the lender allows the property securing a mortgage or deed of trust loan to
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This woman called me, clearly in distress. She's losing her house that she felt she shouldn't have bought in the first place. She saw me on HGTV's "What's my house worth" and was reminded that she wanted to talk to me.
NEGATIVE AMORTIZATION (Mistake #1)
When she was looking to buy
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Multiple offers on REOS.
Multiple offers on Short Sales.
Multiple offers on Regular Sales.
This is a buyer's market?
Yes, we tell buyers it's a good time to buy. Many of them agree. After all, prices are lower. Interest rates are lower. there are many choices. But there are also MANY
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It's interesting to see/hear about the disdain some folks have of people in our profession. So it makes me wonder when and why people decided to become Realtors. As kids, we wanted to be teachers, nurses, doctors, firemen, police officers. But as Realtors?
I was reading a local blogger's post and
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What an exciting time for real estate buyers and sellers!
We truly are living in interesting times. Here are some recent tax breaks to help stimulate the economy, give home buyers and sellers a break:
California’s Mortgage Protection. On April 2, 2009, the California Association of Realtors announced, through the
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Several prospective buyers and investors have contacted me about properties they have seen---and thought ---- were foreclosures because of info they found online in sites like RealtyTrac, and recently in ForeclosureRadar (California)
However, it is important to tell prospective buyers and investors that not all properties in distress are for sale.
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Having been in multiple offers and counter offers situations lately for residential property listings, it is evident that something is happening. Buyers are stirring!
What's happening in Alameda?
SOLD
Homes sold since January 1, 2009 to date: 70
Highest price sold during this time: $1,995,00
Lowest price sold: $150,000
Averagesold
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It's a bidding war. True or false?
According to HeraldTimesOnline.com, "Buyers' market seems imminent".And Washington Post says, "In a Buyer's Market, the message is: fix it, or else."
Didn't we say this is a "buyer's market" and "prices have come down". NOT! At least, not in this case.
A really nice
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Fannie and Freddie rolled out their DU Refi Plus this week. In a nut shell, these Limited Cash Out refi's allowa greater level of flexibility for Fannie & Freddieserviced homes. To clarify, if the loan was original sold to Fannie or Freddie for servicing then they may be elegibile.Todetermine whetherthey are
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Here's a quick and easy way to post a listing: put up a widget from Vflyer.com. I actually like it. Cute, to the point, provides links to another website that can give all the other information that won't fit in this widget, yet enables a rotating view of the photos. Sweet!
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Waiting for the bottom of the market before buying. Newsflash: There won't be an announcement!
There are so many buyers who are still waiting, waiting, waiting for the bottom of the market. Just when is that bottom? Who's going to say when we've reached that point? Is the media going
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Not too long ago, I had an online exchange with a local blogger whoasked: "Do you specialize in the sob story listings?"
Well, it looks like I have TWO new sob story listings.There's a possibilityof a third coming up.Inthe interest of brevity, I'll only mentionthis story.
SOB STORY #1
Yesterday,
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I have had several requests for reverse mortgage all over the Bay Area recently. The scenario today was a gentleman aged 70 had a retirement of 400K in 2005 which is now worth 120K. He told me he was "practicing jumping from his kitchen chair". He said it jokingly but it
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In 2008, there were 415 homes that sold (closed escrow) between January 1, 2008 through December 31, 2009. |
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44 homes pending. Average price $510,643. Average days on market 68. Average $/sq ft $362. |
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110 homes actively for sale. Average price $555,113. Average days on market: 73. |
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