Tag Archive | "Advice"
FHA Buyer’s 6 Month Seach Ends with Smiles
Being a first time home buyer in today’s market has it’s pros. You can take advantage of both FHA financing (only requires you to put 3.5% down) and the $8,000 first time home buyer tax credit. However, if you have been looking then you know finding and securing a property can be extremely frustrating. Not only [...]
Continue reading...The Pros and Cons of Purchsing a Foreclosure
Sunday, December 27, 2009
I was amazed to discover that the “down market” started almost four years ago. We closed our first REO in June 2006. It was a small cottage on a large lot in Vista. We worked with Countrywide (remember them?) and sold it in record time. Not because it was a good deal per say, but [...]
Continue reading...Adding Value and Income in South Oceanside (South “O”)…
Wednesday, December 23, 2009
Looking to live by the beach, west of I-5, no homeowner or Mello Roos fees? Want to live in an area where all the homes don’t look identical? You will like South “O” or South Oceanside; located adjacent to Carlsbad along the Buena Vista Lagoon, south of Oceanside Blvd all the way to the Pacific [...]
Continue reading...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. —————— Date: Sun, Dec 20, 2009 at 9:12 PM Subject: 911-Regarding Sale Dates Hi Team, I [...]
Continue reading...Not Buyer Beware. Buyer Prepare.
Thursday, December 17, 2009
If you are a buyer writing offers on short sales, be prepared. A short sale is not a foreclosure, but it is a “distressed sale” with a distressed seller. In order to start the short sale process, the seller must write a hardship letter to the bank explaining how their situation has changed since they [...]
Continue reading...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 [...]
Continue reading...Do all Bank Owned Properties Have Multiple Offers?
Monday, December 14, 2009
No, some even good values slip past the initial MLS/Consumer radar. Example: 711 Greyfield Court, Fallbrook 92028 – MLS 090066549 Bank Owned. Listed over 2 weeks ago below all other comps in area. Premium location at end of cul-de-sac, very clean interior, 16,000+ sq. ft. lot. Built in 2001. Almost 2,700 sq. ft. Gated community of Peppertree [...]
Continue reading...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...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...Brave The Holiday Un-Crowd
Monday, December 7, 2009
Jeff Pashby has near twelve years of selling property in the winter months. He drops a few pearls of wisdom for those homeowners thinking of selling.
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Monday, December 28, 2009
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