I submitted an offer for a client on a short sale on April 29th. They approved it today, Sept 29th! It took 5 months, after a couple minor adjustments to price, a question of who would pay for a $3350 sewer repair, and after the buyer paid for an appraisal to support his price. Meanwhile, the l
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09/29/2009
I'm passing this opportunity past my network before putting it on the MLS. It's a 1BR/1BA condo in Benicia that the owner bought in 2006 for $315,000. She is willing to sell it to an investor for $99,000 (pending approval from her lender, which I previously had at $115,000 earlier this year). She
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09/29/2009
If you had been following my blog posts earlier this year, you may have read my 15-part series as I documented the exceedingly frusrating process of doing a short sale for a client who was "under water" on a condo in Benicia, CA that she had purchased for $313,000 with zero down payment in 2006.
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09/25/2009
The Marin Independent Journal reported on Friday that MDA DataQuick numbers for August sales in Marin County showed a drop in the number of homes sold, but an increase in price from July. In August, there were 50 condo sales, with median price of $355,000 compared with 51 sales in July with a med
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09/21/2009
I've been working with 2 first-time homebuyers and we keep running into multiple buyers that are bidding up prices well beyond the list price. Last week we offered $410,000 on a home in Petaluma (Sonoma County) that was listed for $389,000 and didn't get it. There were 14 offers. Today, I learned
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09/14/2009
This is the headline from a report published by Credit Suisse which surveys real estate agents across the country each month. As a contributor, I receive a copy of this 59 page report. Across the country, buyers are moving forward to take advantage of the first-time buyer tax credit. And in forec
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09/10/2009
I recently represented a first time buyer who purchased a home in Greenbrae. He asked me whether he needs to wait until he files his 2009 income taxes to be able to claim his $8000 tax credit. The answer is no, he can claim it right now. To do this, he needs to file IRS Form 5405, which can be do
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09/08/2009
