John Occhi's Real Estate Blog - Focused on the The Temecula & Murrieta Valleys

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Real Estate Agent - Mason Real Estate - CA BRE 01444168
Temecula-Murrieta CA real estate news, views and information provided to our community and agents.

ARCHIVED BLOG POSTS

2008 

January is traditionally one of the slower months of the year for selling real estate in San Jacinto CA.  In an effort to document what is taking place in the Hemet San Jacinto Valley, I have started a series of monthly market reports, showing the overall condition of the current market and refer...
03/30/2008
Hemet CA has continued to experience a dramatic downturn in the real estate market.  This report is based on activity reported by the local MLS, Tempo – SoCalMLS, which is  used by the Hemet San Jacinto Association of REALTORS® (HSJAOR).  There is additional data that can be found in the MRMLS wh...
03/30/2008
Market Conditions: January 2008 – Hemet, CA The downturn in the local real estate market has been dramatic in Hemet CA.  The good numbers are down and the bad ones are up. In January, 2007 the SoCalMLS reports 57 closed residential sales with an average price of $307,936.  January 2008 saw a repo...
03/29/2008
When a REO property is assigned to The REO Team, in Hemet CA and The REO Team has determined that the REO property is vacant it must be immediately secured to prevent unauthorized entry and trespassing by either the former occupant or anyone else who may want to occupy the property, for any reaso...
03/18/2008
Buying an REO home or other real estate in Hemet, CA (or elsewhere) can be a daunting experience, at best. The process appears to be fairly straight-forward, from the beginning.  The banks each have their own proprietary addendums to our California Purchase Agreement which ends up negating many o...
03/17/2008
The question of whether a particular bank owned REO (Real Estate Owned – Bank foreclosure) home is as good a deal as it first appears can only be answered by the buyer performing their own due diligence…and not stopping until they have the answers they need. THE HOME INSPECTION Yes, it is common ...
03/17/2008
Cash For Keys…How I Have Such a Huge Close Rate In a previous article I discussed the theory and mechanics of a typical Cash For Keys program.  In this article I am planning on sharing how I have tweaked my presentation to the point where I have obtained signatures and successful move-outs on 100...
03/16/2008
I Don’t Get It?  The Bank Forecloses on Their Home and then Pays Them to Move…or Why Cash For Keys It should be more than obvious, by the time an REO property is assigned to a local Real Estate Agent, that the bank wants’ the property back so they can liquidate the real estate and minimize their ...
03/15/2008
OK, I have an REO Listing…Now What; Or What is an Occupancy Check? I can remember the thrill I get every time I receive a text message on my cell phone that I have been assigned a new REO listing.  It really is exciting, and yet unlike any other listing you have ever received in your real estate ...
03/14/2008
REO - Start With a Simple BPO and the Basic Tools of the Trade This series of articles is based on my personal experience as a Hemet REALTOR® who now specializes in listing and selling REO property for banks and Asset Managers throughout South West Riverside County and The Pass Area of The Inland...
03/14/2008
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JohnOcchi

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