temecula: Murietta's REO Report
- 05/07/09 01:20 PM
I want to make it official.....I Scott Barr declare that Riverside county in California has reached the bottom of the market for housing. At least that's what I told some friends at a dinner party back in April. At first I made a blanket statement that we will look back a year from now and see that April was the bottom of the real estate market in our area. Then it occurred to me that I was standing in the kitchen of a home located in San Diego county.Ooops...wrong county. (I think San Diego and Orange county have … (2 comments)
temecula: Murrieta's REO Report-(NOW IS THE TIME TO BUY 4/1/09)
- 04/01/09 05:02 PM
This 3,972 sq ft 5 bed room 3 bath home can be yours for under $300,000. Located in Menifee California this should be plenty of room for grandma and the kids. Not convinced that now is the time to buy then check out this mini-mansion located in Southern California. I must warn you that this listing will have many offers by the time you read this article. Which brings up a number of issue's concerning this red hot market we are in. •1. Any property that is properly priced will sell within 14 days. •2. If you find something really, … (0 comments)
temecula: ANZA REO REPORT
- 11/03/08 04:33 AM
Recently my youngest daughter and I had the privilege to attend the Redshank Rider's annual Turkey Treasure Hunt. Although we don't own a horse yet, we thought it to be a good excuse to eat lunch in Anza, California. What does this have to do with real estate you might ask? Well,it has everything to do with real estate. You see some of the prettiest country sits up in this arid mountain community. Fresh air and beautiful mountain tops are a couple of reasons why it's worth the trip. The Redshank riders are a group of horsemen (and women) who are dedicated … (0 comments)
temecula: Murrieta's REO Report :The Anatomy of a Short Sale part 3
- 10/03/08 11:20 AM
Oh no, we received an offer, now what? I can remember not too, too long along when I received my first offer on my first listing. Oh no, we received an offer, now what? Call the bank and inform them that you are trying to sell your client's house and that the market value is less than what is owed therefore it is being sold short of what is owed. (Please note that this is not intended to be used as a script but only as a guide.) Ideally the conversation should be an informational session. Basically, … (3 comments)
temecula: SHORT SALES REMINDER
- 09/23/08 07:22 AM
Do these two images go together when you think of short sales? I have found that being "nice" to the person on the other end of the phone, who is there to help, makes things move more expeditiously. After all isn't that what we all want a speedy operation? And I think operation is a good way to describe the process we all have to go through in order to get these deals done. I have found that being humble but firm is the best emotional state to be in when pursuing a short sale. Something as simple as being polite … (7 comments)
temecula: TEMECULA'S REO REPORT
- 09/22/08 05:32 AM
With banks heading to the hills or where ever they go when they shut down, the time to have access to a reliable lender has intensified. A reliable lender can be designated by their aptness at adjusting to shifting markets. Please note that I'm not a lender but its no secret that we agents can't perform our jobs effectively without the support of the financial institutions. So a good agent will have access to good lenders. We shouldn't take these people for granted. … (0 comments)
temecula: THINGS THAT STILL REMAIN
- 08/18/08 03:11 PM
No this is not me surfing but maybe one day you never know. I was just thinking about all the things that there are to do in Southern California. Surfing is just one of the many ways one can enjoy
themselves here. There are also the mountain ranges that surround our In Land Empire as it is called in my neck of woods. Big bear, Arrow Head,there's even a Mt Baldy nearby. I guess they ran out of names when it came to the latter one. Anyhow, there is much to do here. Yes we are having a real … (0 comments)
temecula: Temecula REO Report
- 05/23/08 04:47 PM
Sales are still going strong as we close out another week. And why not. With prices in southern California close to prices in the rest of the country, investors are having their day. We are continuing to see multiple offers on bank owned properties. And a friend from the banking side has said that there are 6,500 more properties coming to market. It will be a little while before we sell through this inventory. I think folks from the Mid-west are going to see this as an opportunity to own in California and help with selling through this supply of homes. … (2 comments)
temecula: Temecula REO Report
- 04/29/08 05:12 AM
Temecula is experiencing a high volume of sales due to "Bank owned" property's. Homes that sold for 600k plus are now selling in the 300k range. As a buyers agent, this is very exciting for me and my clients. Although, I must add this caveat; we are seeing multiple offers on almost every transaction. In fact, one property that was priced way below market value, had 25 offers on it including 3 cash offers. Bless the listing agents heart, she said she was going to summit all offers. (Maybe thats why she is so successful.) Anyway, this is the time to buy … (0 comments)
Located at the base of the San Jacinto Mountains range, you'll love the views of purple 
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