Pacita's Quick Bytes of Real Estate
A REALTOR's perspective on events that shape and affect the real estate market.
ARCHIVED BLOG POSTS
2008
What situations have you run into where your clients' sales were jeopardized due to underwriters' requirements? In recent weeks/months, when writing an offer on REOs, it has become apparent that underwriters wield tremendous power over what conditions will put a screeching halt to the loan proces...
12/20/2008
I just posted a view of REOs in our neighboring city of Oakland CA. So how does that compare with Alameda CA? I looked for detached single familyhomes that closed escrow since November 1, 2008. Here's what I found in our island city of approximately 72,000 people How many closed escrow? Total cl...
12/19/2008
Whenever we find REOs in good locations or areas with good potential, we can almost bet that there will be multiple offers on the property. As such, we prepare ourselves and our clients that we should be aggressive in our offer. Taking a look at Oakland CA, our neighboring city, I looked for deta...
12/19/2008
Toto, we're not in Kansas anymore. Gone are the days of getting a loan approved and escrow closed in two weeks. SENSE OF URGENCY Do the underwriters have it? It seems that we are running into all kinds of underwriter demands before they approve drawing the loan documents. Do they have the sense ...
12/18/2008
STRESS OF MOVING OUT/MOVING IN My clients have gone through the ringer the last two months. They sold their home and bought another. They spent a lot of time decluttering, packing, cleaning, doing inspections, meeting with contractors, hiring people to do repairs, negotiating credits and follow...
12/17/2008
FIXER IN DESIRABLE EAST END OF ALAMEDA CA My friend and co-worker just left for a holiday in London, and she asked me to look after her short sale listing. This is a fixer in Alameda, in a very desirable part of town called Fernside. It has good "bones" but has not been remodeled or upgraded in d...
12/17/2008
My company, Gallagher & Lindsey Inc. REALTORS in Alameda is one of the oldest non-franchise brokerages in my area. We may not have the franchise affiliation and exposure, but we are regional. Our agents fan out in the East Bay, and from time to time, we have listings elsewhere, including San Fran...
12/15/2008
It's getting to that time when I may need to upgrade and get another laptop....or should I? Three years ago, I was on the verge of getting a tablet PC instead. Because it was still a newer concept, and fears of not finding essential programs, I decided to stick with another laptop. But it's still...
12/14/2008
It was a miserable cold day today in Alameda CA --- where it is almost always sunny. Getting in and out of the car in the rain to put up open house signs, my hands got soaked through the gloves I was wearing. It felt like I was not only wet, I was frozen! On a rainy day like today, who would go t...
12/14/2008
In some of the blogs, I read stories about how some title reps were able to treat their clients to certain perks like trips to Las Vegas (really?), night out on the town, etc. Geez...they never did those for us! Our reps were doing everything by the book. But now, the new guidelines are a heck of...
12/11/2008
Rainmaker
711,332
711,332
Pacita Dimacali
Alameda/Contra Costa Counties CA
Service Areas
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