Every real estate agent in Sacramento is aware that the market is red-hot for buyers and multiple offers are the norm, unless they're at the movies with their kids mostly every day like one agent admitted to me. Which means in some cases, it's better to be a listing agent right now than a buyer's
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01/22/2009
I'm going out on a limb here today to suggest that most short sale sellers -- and regular home sellers -- don't give a hoot about a comparative market analysis. They don't want to examine charts, bars and graphs of market movement -- half of which are confusing. They aren't as dedicated to our pr
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01/21/2009
Many Sacramento listing agents are receiving multiple offers, and not just on REOs or short sales. Any attractively priced, well appointed home in a desirable Sacramento location is likely to draw the attention of more than one buyer. The listing agent plays an important role toward helping the
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01/20/2009
A client said yesterday that he was tired of shopping mortgage brokers. "All their rates are the same," he said. He had called a bunch of brokers and their good faith estimates were all very similar. Having been through several horror-story closings due to working with inexperienced mortgage brok
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01/19/2009
I received an email tonight from the president of the Land Park Community Association. Full disclosure: she is an agent at my Lyon Real Estate office. The president is calling for a special roundtable discussion meeting next Wednesday, January 21. It will be held at the Eskaton James Monroe Lodge
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01/18/2009
My husband and I had the pleasure last Wednesday of attending the Mavis Staples show at the Mondavi Center in Davis, California. If you're reading this and you're not from around here -- here being Sacramento -- you are in for a treat if Mavis Staples comes to your town. Some of you of a certain
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01/18/2009
As many of you know, my book about short sales will be available in bookstores shortly. It is called The Short Sale Savior and will be published by Archer Ellison. As with any venture, writing a book is often a collaborative effort. It doesn't write itself. I would like to thank the following con
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01/17/2009
There is nothing in the world that compares to the feeling you get when your bobber suddenly plunges below the water's surface and your fishing pole almost flies out of your hands. You can get that experience right here in William Land Park, across from the Zoo on Land Park Drive next Saturday, J
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01/17/2009
I received this handy chart from Lyon Real Estate a few days ago, which gives a pretty clear overview of what happened in real estate in Sacramento and its surrounding four-county area in 2008. What makes Sacramento a little bit different from other parts of the country is its huge drop in invent
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01/16/2009
If I hadn't heard the words from Countrywide's short sale negotiator myself, I may not have believed it. Countrywide started out in this business as a bottom feeder, and I offer this story as evidence that Countrywide is returning to its roots. The demand Countrywide made yesterday on a short sal
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01/15/2009
