Buying or Selling with Mortgage Assistance

There are so many tools out there specifically made for First time Buyers.

I was recently certified for a mortgage assistance program that would help you make your monthly payments for two years. How this works is the seller, either on a resale or a builder, instead of dropping the price of a home puts an amount in a sort of escrow account that the buyer receives every month for two years. This two year window allows the buyer to be able to receive a negotiated amount ranging from $250.00 to $1,000.00 a month whilst fixing or refining his or her credit. The two year window is used ideally for fixing credit or hopefully to raise some equity for a better loan scenario on a refinance.

This could be a great tool for Buyers as well as a great incentive for Sellers!


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Buyers market

I still see a lot of Sellers keeping to a particular price for their listing. In a buyers market, Sellers should know that they have to adjust price for market trends. If you are trying to sell a home at a top price, it better be in great shape. In my area if you have not sold in 90 days you need to adjust price. Many Realtors are afraid to have that conversation with their client.

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Investment Properties

I see alot of "Investors" looking for out of state properties. I still believe you can create an empire in a local market, and not worry if your investment is managed right. I see deals come up almost everyday. There are so any homes on the verge or in foreclosure. Most of these homes have equity that can't be tapped by the owner of the home.


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Riding the "Fence" of Home Ownership

Every time I pick up the newspaper, I read conflicting reports about Real Estate. I feel it irresponsible that a newspaper one day can state a decline in the sale of homes, and the next, a leveling off of the market. As a Realtor, it is very important to my family and me what the true market trends are.
I know that a couple of things to be true there is a” Buyers" and a "Sellers" market. These conditions are dictated by Economic terms like supply and demand. We also have established times of a year that are inherently better than others to sell a home are. Between May and September is better than November and January. It seems that headlines are gotten if you can shock the public. It is a "Buyers" market but there are other contributing factors to home buying and selling. Interest rates, location, job markets, rents and consumer knowledge are some.
Riding the fence describes the future homebuyer waiting to buy a home. The first time homebuyer looks for the biggest, cheapest, lowest interest rate and best neighborhood with a view of all the city and mountains home. Realistically, I think only the likes of Donald Trump or Bill Gates are realizing those dreams. For the majority of homebuyers the fact that they are buying a home of their own should be good enough; if the home has investment potential, that is just icing on cake.
I live and work in the Walnut Creek Bay Area. I think our local conditions are completly different from those of someone two or three thousand miles away. There is no better time than the present to buy a home.


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Market Trends

Real Estate Market in the East Bay

Christmas in June.

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