February 13th, 2012 
After 5 years in this housing downturn and as many being immersed in the Short Sale world, it is a question that all Agents should be really clear about.. “Can I, as a California state licensed real estate Agent, list my own home as a Short Sale?” The answer is a resounding NO! The Arms [...]
Read moreCan I Short Sale my property with my IRS problems?
Depends on the problems! If you have back taxes that are owed,, and the lien is on your Short Sale property, then you need a good Short Sale List Agent. Be sure to disclose the problem at the Listing appointment. 1. Contact the IRS directly. Explain to the nice people there that you will net [...]
Read moreShort Sale Appraisers..please, please be LOCAL!
Short Sale Appraisers..how I wish, hope, do a “Short Sale Appraiser Dance” every time you are local. When I get that call from the Appraiser who is making an appointment to come do their Lender ordered BPO, I am.. 1. Very Excited! Yeah! This means we are getting closer..go, go, go! 2. Very Cautious: ”Are [...]
Read morePalm Springs area equity sales still outpace Distressed Sales!
Palm Springs area sales are still more than half equity sales..according to the most recent report for June of 2011 by the CDAR. This includes both Single Family and condos..and this directly reflects my own Sales numbers. 714 Sales of existing homes in June from Palm Springs to Coachella, including the unincorporated area of Bermuda [...]
Read moreThe roller coaster ride called a Short Sale..
Short Sales are a roller coaster ride for both Buyers and Sellers.. saddle up and hold on! Short Sales can be a fantastic opportunity for Buyers and a means out for Sellers as long as you are prepared for what’s coming up. Short Sale Buyers need to be affiliated with an Agent that understands the [...]
Read moreCould Short Sales affect our Credit Rating System?
Could Short Sales affect our Credit Rating System? For those of us doing Short Sales, whether it’s Listing them, or simply presenting offers on Short Sale properties, it’s a question with a ton of merit. We are in a deluge of inventory and it is very probably going to continue for another 3-5 years. Who’s [...]
Read moreHow to Stabilize the Housing Market..
..in Palm Springs and everywhere else. Lenders must be forced to reset underwater mortgages to Fair Market Value plus 20% or so. At that price, MOST underwater homeowners with jobs and decent credit that are choosing to walk away, would not. The bottom would be reached in each and every City and State. But..Lenders do [...]
Read moreSavvy Advice to Boost Your Business Image
Realtor Magazine recently published an article by John D. Mayfield, who is a sales coach, author, and broker/owner of Mayfield Real Estate in Farmington, Mo. The article contains some very sound advice to newer Real Estate Agents. His four tips to boost your business image are worth reading about. Follow this link for savvy words [...]
Read moreShort Sale Mentality has Changed Dramatically!
Short Sale Mentality has Changed Dramatically! Over the past 5 years of Listing, working and closing my Short Sales, the conversation that I have initially with my potential Clients has changed in many ways. First off, they are no longer confused about a Short Sale versus Foreclosure and what the differences are. They know what [...]
Read moreCondo or Single Family Home?
Some home buyers may opt for a condo over a single-family home for a number of reasons. A condominium can provide a less-expensive entry into the housing market, and is a low-maintenance downsizing option for seniors. However, misconceptions about condominium ownership abound, which can often keep potential buyers from considering them as an option. Many [...]
Read moreA Few Ways to Boost Real Estate Showings
With pending home sales rising by 5% in March (as reported by the National Association of Realtors) you might be asking why your property isn’t getting as many showings as you would like. Here are some tips to help you boost your showing rate. First and foremost take a good hard look at the price. [...]
Read moreWhen is an offer too low to submit???
Will your offer break the Buyer-Seller link? When is an offer too low to submit? I ran into this issue again just yesterday..in two different price points, and with two different results…. Offer #1: This custom home has been languishing on the market for 390+ days. It’s absolutely gorgeous, views, location, quality..literally everything. Reduced in [...]
Read moreHome Buying Myths..or maybe Dreams???
#Home Buying Myths..or maybe Dreams???? Home Buying Myths..or maybe Dreams???? Whenever a first time home buyer thinks about buying, there is often alot of emotion tied up in those thoughts. It’s a dream come true in many ways, and so many Buyers come into the process with unrealistic expectations and extremely high emotions. If you’re [...]
Read moreShort Sale Servicers; Many don’t know any more than we do!
Short Sale servicers leave us feeling like this… Short Sale Service Departments; Nobody knows nothin.. well, this in tongue in cheek since some of the personnel I talk to do seem to know SOMETHING. However, I’m going to relate a true story for those of you who may be calling your Loss Mitigation departments and [...]
Read moreInclude or Not to Include a Buyer Allowance
What do you think when you see a listing which advertizes and allowance for carpet or appliances. I don’t know about you, but I normally think – what else is wrong with the property? I recently came across an article which offers words of wisdom regarding providing a Buyer Allowance in the listing description. To [...]
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