Special offer

Mr. and Mrs. First Time Home Buyer, low priced homes still available.

Real Estate Broker/Owner with (831) 626-4000 CA #01772851 HI #RB-21268

Although we hear that this is a seller's market and that multiple offers are the norm, here in Del Norte County, California we still see some bank owned (REO) homes and short sales.

These are slowing down, however, therefore I urge first time home buyers to get in touch with me before even this inventory has dried out.


There are quite a few provisions in a Purchase Agreement that can save keep buyers from buying an overpriced home. Now, I know this is becoming a seller's market, but not all buyers have cash in the bank to cover the difference between the home's value as appraised and what the sellers want.

That is why I always have two contingencies in the Purchase Agreement:

1. The loan contingency to stay in effect until the designated loans are funded.

2. The sales price contingent on the Appraisal.  

The other items I always put into a sales contract as a matter of course:

1. Recurring and non-recurring closing costs paid for by seller.

2. The home has to clear appraisal.


The short sale lender wanted $100,000, my buyer purchased it for $83,000.


My buyers' closing costs were paid, recurring and non-recurring. (The buyers purchased with an FHA loan, 3.5% down)

Repairs were done to the home.



Posted by

Hella Mitschke Rothwell, Broker/Owner/REALTOR 


Let me be your independent real estate broker for oceanfront and oceanview property in California and Hawaii.  If you are a seller/owner, I will travel to your property to help get it ready for sale, then list and market it. If you are a buyer and we have a Buyers Representation Agreement in place, I will preview property on your behalf anywhere in California and Hawaii.  Please call me to discuss how I can help you.

Search Hawaii Listings on www.HellaHawaii.com

Member: Honolulu Board of REALTORS; National Association of REALTORS; Hawaii Association of REALTORS; Del Norte Association of REALTORS; California Association of REALTORS; MLSListings, Inc., the premier MLS listing service in Northern California.



Hella Mitschke Rothwell (R)

Real Estate Broker/Owner/Realtor®
Licensed in California #01772851 & Hawaii #RB-21268

Tel. 808-226-1095 or 831-626-4000 

Fax 1-877-822-9332




HAWAII OFFICE: 1128 Ala Napunani Street, #1809, Honolulu, HI 96818

 CALIFORNIA OFFICE: Su Vecino Court, Lincoln & Dolores between 5th & 6th, Carmel-by-the-Sea, CA 93921

MAILING: P.O. Box 4554, Carmel-by-the-Sea, CA 93921

Email: HellaRothwell@gmail.com

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Disclaimer: Hella Rothwell does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Nice transaction on 284 Fresno, Crescent City, California.  Our Bank-Owned inventory here in SW Orlando - Central Florida is no where near the past number of years...Bank Owned is a terminology of the past :-) Our Short Sales are more contained. Our inventory is remarkably lower...Our Sellers are upping the price of the listing instead of reducing the listing price.. Changing Market here in Central Florida.

Apr 15, 2013 08:24 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

There are still some bargains out there, but certainly not as many as there once were.

Apr 15, 2013 09:37 AM
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

like that 17% discount! yes they may be available but you need to be first and fast

Apr 15, 2013 09:57 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent
Your clients are happy homeowners thanks to your expertise Hella! Congrats to all involved!
Apr 15, 2013 12:11 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hella, We too have several really good deals out there for those that dare to call. It is fun to see what we can negotiate.

Apr 15, 2013 12:50 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

The great deals are not plentiful, but still out there. if folks don't make the decision to own instead of renting will make to may much more for a home in years to come.

Apr 15, 2013 07:25 PM
Roy Kelley
Retired - Gaithersburg, MD

Good information for home buyers.  Best wishes for a most productive spring.

Apr 16, 2013 02:49 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK
Hella, your buyers got their home at a substantial savings.
Apr 16, 2013 06:48 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Jane: We are on that teeter totter right now, but prices haven't been going up yet on equity sales.

Kathy: We have many fewer bank owned ones come on the market as well. And the ones that are in good shape and can be financed, go under contract pretty much immediately.

Joe: Those marginal (income and credit scores) buyers should not wait for sure. If/when prices and interest rates go up, they are out of luck.

Roy: Thanks.

Judi: They really did and they are ecstatic. Their monthly payments are now less than their rent was.



Apr 16, 2013 09:49 AM
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Nice work. Buyers need to work with an expert like you.

Apr 16, 2013 09:58 AM