Caroline Chai's (sttsou) Blog

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Real Estate Agent - RE/MAX Realty 100

ARCHIVED BLOG POSTS

2009 

According to Freddie Mac, 30 year moorage rates drop below 5% setting new record for the lowest mark since 1971. This week on 01/17/09, the rate dropped to 4.96% down from previous record of 5.01%. It is the 11th straight weekly drop that is way below 5.69% at the same time last year.
01/17/2009
With the rapid price drop and low interest rate, is this the time to purchase a home? Here is a list of 4 types of buyers who shall not consider buying now. 1. Older couple downsizing. It is financially more favorable to do downsizing when the market is going up. 2. Buyers with unstable future ea...
01/15/2009
In California, tenant can not use the security deposit in lieu of the last month rent. If landlord did not receive the last month rent after tenant gives a 30-day move out notice, landlord need to contact tenant immediately to collect the rent or serve the "3-Day Notice To Pay Rent Or Quit" notic...
01/14/2009
Most agents do not like to work on short sales for the fact that short sales are 2 to 4 times more paper work and less pay. Here's why: 1. In a regular sales, agents deal with only one principle, the seller. In a short sales, agents are dealing with multiple principles including the seller and th...
01/10/2009
Often times, I have clients who are getting married or in need of transfer title to a family member. To do so in California, you can do it yourself by performing the following 3 tasks: 1. Sign a quick claim deed 2. Have it notarize and 3. Record it with the county. Or you can have a escrow compa...
01/07/2009
If you short sale your property before end of 2009, your will not owe any income tax on the amount that is short for primary residence. Suze Orman explaining the new tax rules for short sale. Please click on the photo below to view it.
01/01/2009
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Caroline Chai

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