jean joh: "Hardship" Is In The Eyes of ....?
- 04/14/10 09:51 AM
If you're on top of things in the real estate industry, I'm sure you've heard by now that many are anticipating 2010 to be the year of the short sale. There's also a lot of talk about "strategic" defaults, short sales and foreclosures, where home owners might still be able to afford the mortgage payments but are making a business decision to walk away from real estate because it doesn't make financial sense to keep paying the mortgage as is, especially if they are dipping into savings accounts to do so. I'm curious, though, how this works in terms of short … (0 comments)
jean joh: Sorry, I Don't Do Short Sales
- 04/04/10 01:46 PM
Recently, one of my newer clients asked me, "Do you work with short sales?" Her reason for asking was that one of the other agents she interviewed told her that he did not work with short sales. I was somewhat surprised that there are still agents out there who will not work with a short sale. Of course, if you asked me a couple years ago before "short sale" became a common household word, I would have said that I'd stay away from them if I could help it. But as an agent, I have a responsibility to my clients to work … (6 comments)
jean joh: 5 Tips on Improving Your Chances in a Multiple Offer Situation
- 06/24/09 03:32 AM
"Multiple offers? I thought we were in a Buyer's Market?" Well, it certainly IS a great time to buy in that we are seeing interest rates that are still at historical lows coupled with housing prices that are more affordable. But on the other hand, here in the San Francisco & Peninsula area, we are seeing an increasing number of multiple offer situations. For example, on the last home my clients submitted an offer for, there were 26 (yes TWENTY-SIX!) offers, all of which were put in within the home's first two weeks on the market! Whatever the reasons for this, … (0 comments)
If you're on top of things in the real estate industry, I'm sure you've heard by now that many are anticipating 2010 to be the year of the short sale. There's also a lot of talk about "strategic" defaults, short sales and foreclosures, where home owners might still be able to afford the mortgage payments but are making a business decision to walk away from real estate because it doesn't make financial sense to keep paying the mortgage as is, especially if they are dipping into savings accounts to do so.
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