REO Overload: More Estimates from HousingWire
We are hoping for more REO’s – and we may get them in 2010. Demand for well-priced foreclosure homes is very strong. We are receiving multiple offers (sometimes as high as 15-20) in the first week. And since we are a preferred asset disposition team, we expect to have a number of great homes to [...]
Continue reading...Home Sales Decline in December? Bad Stats
Monday, January 25, 2010
Here is an example of biased stat making not painting the whole picture.
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WASHINGTON (MarketWatch) – Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as a popular tax credit was set to expire, a national real estate trade group estimated Monday. [...]
Little to buy as market stages a comeback
Friday, January 15, 2010
“Real estate has always been about supply and demand. When there is no supply, there is no resistance to rates. When there is supply, there is resistance to rates.” Samuel Zell, billionaire real estate investor, Interview with Greg Miles – Bloomberg Television August 21st, 2008.
And Zell followed in the interview to predict a turnaround [...]
Short Sale’s Are Now Tougher. Thanks. No Really…
Monday, December 21, 2009
This is a market changing turn for San Diego short sales and even short-sales nationwide. This gives homeowners and their agents not room for error when going for short sale approval.
Today’s Morning Email from our Short-Sale Specialist: Note – the homes lost to auction were not Lund Team clients.
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Date: Sun, Dec 20, 2009 at 9:12 PM
Subject: 911-Regarding Sale Dates
Hi Team,
I [...]
So, What’s The Price?
Wednesday, December 16, 2009
The once dominant pricing strategy of San Diego was used less in 2009. Only 12% of over 32,000 homes sold in the county used a Value Range. Value range pricing is when a home is sold with a high and a low price. For example: “Seller will entertain offers between $500,000 and $525,000”.
The idea is [...]
Short-Sale Buyer Tip: Keep It Business
Friday, December 11, 2009
Sandy is our in-house, short-sale expert. Her years of experience from the early ’90’s is still relevant today. So we asked her a tip of the day. Sandy to buyers: keep it business. She let’s short-sale buyers in that they are really buying a foreclosure. The condition of the property, electronics, appliances, fixtures could be [...]
Continue reading...Pacific Ridge Students Visit Lund Team
Friday, December 11, 2009
The Lund team played host to the students from Pacific Ridge, the newer private school located in Carlsbad. The topic of conversation was environmentally friendly products in a business environment. We talked about the return on investment on green products, the future of green building products, and how to get businesses to adopt sometimes expensive [...]
Continue reading...Become A Better Investor: Pipes
Wednesday, December 9, 2009
A pipe leak in your investment property can really screw up your expected returns. And if it’s a foreclosure, there are no disclosures and no previous owner telling you about the property. A pin-hole leak while your tenant is not at home could cost you more than you might expect. Here’s some quick tips on how to minimize the chances of you going bankrupt your first time around the board. (Monopoly reference…we love the game)
Continue reading...Fewer Homes, Higher Prices
Wednesday, December 9, 2009
Fewer homes on the market, increasing prices and multiple offers: An excerpt from Tyson’s article in the Carlsbad Business Journal sheds light into an absolutely abnormal winter real estate market in 2009.
Continue reading...10.5% return on $89,900
Tuesday, December 8, 2009
This is worthy: An approved short-sale at $89,900. In Summerset Villas, a condo conversion that went belly up. A large portion of the homes are owned by a single entity and thus financing is a problem.
So cash is the only thing working for this.
With $250.00 a month HOA, $100 for insurance, $500 year (misc) at [...]
Tuesday, April 13, 2010
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