real estate: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | CASH SALES & THE MARKET
- 09/07/09 02:40 AM
CASH SALES & THE MARKETIn the next 4 sections of the San Jacinto Real Estate Market Report for the period covering 6/21/2009 through 7/20/2009 we are going to look at how each type of financing affects the market and compare to the AVERAGE SOLD HOME in San Jacinto during this same period. In this section, we will be looking as CASH SALES.
From our Earlier Report we learned that the AVERAGE SOLD HOME in San Jacinto had 2,135 square feet of living space and 3.76 bedrooms with 2.3 bathrooms and that it was built in 1979.The Cash Sales of San … (2 comments)
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real estate: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | FINANCING by TYPE of SALE
- 09/06/09 09:58 AM
FINANCING by TYPE of SALEIn this segment to the San Jacinto Real Estate Market Report of SOLD Activity between the dates of June 21st, 2009 and July 20th, 2009 I will take a look at the various types of financing and see what effect, if any, they have on each type of Special Condition that exists in the current real estate market.Of the 110 Closed Escrows in San Jacinto, CA during this period there was one property that has a red flag on it when I examine the public records. It was listed as a "Standard Sale" and the financing type … (2 comments)
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real estate: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | Averages by Type of Sale
- 09/06/09 09:51 AM
This report is part of the series of articles published as the San Jacinto CA Real Estate Market Report for Sold properties between June 21st, 2009 and July 20th, 2009.This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself. There are, of course, no guarantees to its accuracy. (As an afterthought, I added my own numbers to this San Jacinto Market Report for the same period with the 4 homes I sold in the same San Jacinto Market, during this same period. My personal differences will be published … (0 comments)
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real estate: Hard Money is a Good Thing for Real Estate Investments
- 09/02/09 07:32 PM
Hard money is often misconstrued in society. There are always visions of a couple of thugs in a pool hall loaning out money at exorbitant interest rates who result to violence and intimidation when payments are late.Well, I am here to tell you that hard money is anything like that at all. Hard money is a very powerful tool that every investor should consider utilizing to it's fullest in order to leverage the money the investor has - to make more money by buying more real estate in this volatile market.Hard money loans are always secured by real estate - typically … (9 comments)
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real estate: Fix and Flip Investor Mistakes
- 09/02/09 02:45 PM
I truly have been blessed as a real estate agent living and working in my local market - the Hemet - San Jacinto Valley in South West Riverside County region of the Inland Empire in Southern California. For over 2 solid years know I have earned my entire income as a direct result of listing and selling bank owned homes (REO as referred to in real estate circles), here in the Hemet San Jacinto Valley.Because of my good fortune, I have had the opportunity to meet and work with some really great investors that I have been able to learn from … (6 comments)
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real estate: Does The Bank Owned REO Home Have Issues in the Bathroom?
- 08/31/09 06:50 PM
The Hemet San Jacinto Valley real estate market in South West Riverside County region of the Inland Empire of Southern California is dominated by the sale of bank owned (or REO = Real Estate Owned) properties.
All of these bank owned homes are sold "AS-IS". Although many purchase offers negotiate a home warranty to protect the new Hemet - San Jacinto Valley homeowner against system failures there are still many maintenance issues that must be addressed before the new homeowner can really feel at home and settle in to their new life.
Bathrooms are notorious for requiring more than a bucket … (4 comments)
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real estate: The Next Wave of Bad Loans - Option Arms
- 08/30/09 09:56 AM
A friend of mine from San Diego confided in me that they are in serious trouble with their mortgage. My friend earns good money - and with his wife's income they are way above the medium level for San Diego County - which is high to start with. I'll call my friend Able - because he has always been more than able to see through different schemes and come out smelling like a rose. This time, I think he is in trouble.
Able is a 63 year old professional that refinanced his modest home for $618,000, at the peak of the … (116 comments)
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real estate: What Do You Know About Water Purifiers?
- 08/30/09 04:06 AM
Many homebuyers of real estate in the Hemet - San Jacinto Valley are concerned with the quality of the water. This is not a unique concern to the Hemet - San Jacinto Valley as consumers throughout all of South West Riverside County in the Inland Empire region of Southern California drink gallon after gallon of bottle water when in public...so it only makes sense that most home owners want nothing but the best water quality in their Hemet - San Jacinto Valley home.
Like most good things in life there are options when shopping for a water purification system. There are … (3 comments)
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real estate: What is the Fate of the First Time Home Buyer Federal Tax Credit?
- 08/27/09 03:30 AM
Currently, one of the most driving forces in the Hemet - San Jacinto Valley Real Estate Market has been first time homebuyers scrambling to take advantage of the $8,000 tax credit (10% of Purchase Price - Max $8,000) that was created as a stimulus to the economy.
In my opinion, the program is very definitely a success. Yes the IRS may be out a few dollars; but look at the trickle down economics that is stimulating local economies. Not only are houses selling quicker than any time during the current housing crises, but new homeowners are spending thousands of dollars fixing … (3 comments)
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real estate: Some Serious Changes Are Taking Place
- 08/23/09 08:25 AM
As a Member of the local Hemet San Jacinto Association of REALTORS® (HSJAOR) I am a Member of SoCalMLS - the Second Largest MLS in the entire country.With the resources available to SoCalMLS, the powers to be are constantly looking to enhance the services offered to REALTORS® like myself to help us provide the best service available to our clients.Next week, SoCalMLS will be making significant changes that I look forward to. Perhaps the biggest upgrade is access to Statewide data through ReaList. All of California's 11,302,907 parcels in all 58 Counties will be at my fingertips. No longer will I be … (1 comments)
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real estate: Things may come to those who wait, but only the things left by those who hustle.
- 08/16/09 12:25 PM
Abraham Lincoln said those words...and how true they are today in the 21st Century as they were in the 19Th.
The real estate market in the Hemet - San Jacinto Valley, located in South West Riverside County in the Inland Empire Region of Southern California is not a place to wait if you want to find a deal on a bank owned home anytime soon.
There are several variables at work, which I believe will change the market, bringing the prices to the lowest point yet, in our current economic disaster.
The first element is undisputable in that our market … (6 comments)
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real estate: San Jacinto Market Analysis – SOLD 5/20/09 – 6/20/09
- 06/21/09 08:54 AM
On June 20, 2009 a report of all Single Family Residential real estate listings reported as SOLD in the last month (from 5/20/09 to 6/20/09) was run on the MLS, using the data as provided directly from SoCalMLS.
This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself. There are, of course, no guarantees to its accuracy.
There were a total of 136 individual San Jacinto residential real estate properties considered, after eliminating 3 duplicate entries and verifying what appeared to be misinformation or lack of available information. … (0 comments)
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real estate: Common Investor Mistakes - What Can Go Wrong and How to Avoid these Mistakes
- 05/29/09 03:40 AM
Common Investor Mistakes - What Can Go Wrong and How to Avoid these Mistakesby John Occhi, REO Team Leader of the Excellence in Real Estate TeamThe Hemet - San Jacinto Valley is fertile grounds for real estate investors, in the current economic market. Today, there are many investors who want to ‘get-in to Real Estate' while the opportunity is hot. Yet many continue to sit on the fence because they are a bit nervous about making a mistake.I believe this is fair - because anytime anyone is looking at committing thousands - if not hundreds of thousands of dollars in any … (1 comments)
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real estate: The REO Niche has Been a Blessing; or...Help Wanted - Buyer's Agent
- 05/25/09 06:14 AM
As an REO Listing Agent and REALTOR inn the Hemet San Jacinto Valley, who got in early I can say that my life has been blessed. Not only have I sold more houses than I ever thought possible but I have gotten to know some really spectacular people.The business has been so good to me that I have outgrown the traditional business model of a traditional real estate office and forced to re-invent myself and the way I look at this business. I found a Virtual Broker that truly does pay 100% commission after a small annual fee of approximately $3,000 a … (7 comments)
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real estate: BPO - A Question Answered
- 11/29/08 02:17 PM
My last blog post, 500 BPO's and I'm Still Learning, was actually meant for the REO GROUP on LinkedIn that I administer - unfortunatley LinkedIn only allowes 2000 characters per 'Discussion' post, so I posted the entire article here on my ActiveRain Blog.(if you would like to join the REO GROUP at the LinkedIn Social Networking site, just visit the link and send me a request, throough the LinkedIn system. It would be nice if you let me know how you found the group.)
I received a rather lengthy reply from a out-of-state investor that I have worked with in the … (6 comments)
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real estate: What Did Cheech and Chong Teach Us About the Current Housing Market?
- 09/23/08 02:01 AM
What Did Cheech and Chong Teach Us About the Current Housing Market?Those of us old enough to remember the comedy duo of the 1970's, Cheech and Chong will no doubt remember the bit they did about dog droppings. As I ponder the routine, I can still here it in the echoes and deep recesses of my mind.The act started with one character of authority asking the other what something is on the ground; to which the other grunted and responded that it looks like dog sh*t. The leader then instructed the subordinate to touch, smell and ultimately taste the substance, to … (1 comments)
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real estate: Hemet Market Snapshot: June 1st through September 21st - 2007 Compared to 2008
- 09/21/08 11:38 AM
I was very disturbed when I red an article earlier this month that my local market had dropped in value by a full 9% in just one month.Hello, I live here and work this market full time - every day and yes, I have seen a drop month after month - it has never been 9% in a single month, despite what the local newspaper, "The Press Enterprise" reporter Leslie Berkman reported on August 30th, 2008.Now, I agree with most of what the article reports - but come on, lets be responsible and not add fuel to the fire. I agree … (3 comments)
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real estate: REO – Agent Training and Marketing –Redemption
- 09/21/08 03:52 AM
With so much information available on the Internet it is no reason that consumers are often confused on any number of topics. Well, the amount of information published about REO’s is no exception.
Nearly 40% of the States in America DO NOT provide for the defaulted home borrower to redeem their homes, once it has been foreclosed on. This means that majority of the state have some sort of redemption process. However, for everything that I write about, I always look at the situation through the eyes of a California licensed REO REALTOR®. I am not an attorney, but I … (5 comments)
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real estate: REO – Agent Training and Marketing – The Life Cycle of a Defaulted Loan
- 09/21/08 03:14 AM
To understand what a property that is owned by the bank is really all about, you must first understand the process that the real estate has gone through to end up on the lenders balance sheet as REO – or Real Estate Owned.
You see, banks are not in the business of selling real estate – as a matter of fact they are banned by federal banking regulations from engaging in the sale of real estate – banks make loans. Active performing loans are on their balance sheet as an asset while the repossessed, or foreclosed real estate show up … (7 comments)
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real estate: REO – Agent Training and Marketing...An Overview
- 09/20/08 01:05 PM
As a Real Estate professional I find it critical to a successful career path to invest in my continuing education. After all, what other professional would anyone ever want to use if they did not keep up-to-date on the latest laws, trends and acceptable ways of performing their duties?
Certainly none that I would ever want to pay money for.So, as a REALTOR® who specializes in the listing and sale of REO, or bank owned homes, in the Hemet – San Jacinto it is important that I continue my education – not only for my benefit, but so that my … (12 comments)
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CASH SALES & THE MARKETIn the next 4 sections of the San Jacinto Real Estate Market Report for the period covering 6/21/2009 through 7/20/2009 we are going to look at how each type of financing affects the market and compare to the AVERAGE SOLD HOME in San Jacinto during this same period. In this section, we will be looking as CASH SALES.
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