property: Underwater Mortgages Recede as Fresno County Home Values Rise - 07/08/13 03:29 PM
Read the recent article from the Fresno Bee HERE
Simply put – inventory is TIGHT
How tight you ask?
Take a look at todays 24 HOUR MARKET WATCH

We have 45 new listings and in the last 24 hours 64 homes have gone into contract.  The market is highly in favor of Sellers… that is, the ones who are ABLE to sell.  Still a lot of folks underwater.
I recently helped an investor purchase 3 homes: Two traditional sales and one short sale.  On both traditional sales there were MULTIPLE OFFERS and my Buyer had to pay over the ask … (1 comments)

property: Renters Beware --- Fresno Rental Scams - 10/31/12 12:24 PM
This blog should go under my series titled "So You Want To Be A Landlord"
But I'm putting it out there as a warning to anyone renting property in the Fresno area. 
I have a property I am renting in a gated community in North West Fresno.  Most all properties rented in that area are going for around $1100.00 minimum per month.

One of the places I have the property listed on is Craigslist.  Well some scammer simply copied my ad and offered the place for $700.00 per mo.  Fortunately I have a sign on the property so when people have … (1 comments)

property: FOR RENT: Adorabe 3 bd/ 2 ba Home For Rent in Gated Community -- 93711 - 10/11/12 01:59 AM
FOR RENT
3676 W,Cottonwood Ln Fresno CA, 93711
I have available an adorable home in the gated commutinity of European Grove. {cross streets Barstow and Valentine)
This 3 bd / 2 ba home has an open floor plan with arched entries and an island kitchen.  It was built in 2008 and looks and shows like new.
Schools are:  Lawless Elementary, Tenaya Middle School, and Bullard High.
The rent is $1275.00 per month and that includes maintainance of the front yard (and landlord pays HOA fees as well). $1300.00 security deposit required
Call for a showing:  (559) 301-1647
 

 

(0 comments)

property: Homeowners Could Lose Their Mortgage Deduction - 06/09/10 04:54 AM
Ax May Fall on Tax Break For Mortgages SNIP:
"The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits."
_________
 
Should homeowners and investors lose the tax deduction they now enjoy they would have to recalculate the value of ownership. I dont think it would bode well for property prices and it would certainly reduce the amount of disposable household income putting downward pressure on consumer spending during already frugal times.
(2 comments)

property: REO SALES - THROW OUT THE RULE BOOK - 10/31/08 09:33 AM
Lazarus Realty recently represented a lender in the sale of a bank owned property and for all intents and purposes you can just throw out the rule book when conducting these  transactions.  I forwarded a disclosure package to the lender and NEVER got a response.  Not all of the disclosures that I requested to be signed were mandatory but some disclosures are state or federally mandated.After not receiving any reply by email from the lender (again, who I was representing) I called and left messages: nothing.I then wrote the asset manager an email requesting that if he was not going to … (5 comments)

 
Randy "Lazarus" McAtee, Owner/Broker, Lazarus Realty,  Fresno California (Lazarus Realty) Rainmaker large

Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California

Fresno, CA

More about me…

Lazarus Realty

Address: 1319 W Bullard #4, Fresno, Ca, 93711

Mobile: (559) 301-1647

Fax: (559) 438-7475

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