Miscellaneous Category
Firms Prey On Credit Wary Consumers
September 23rd, 2009
By Brad Garbutt
Consumer concerns surrounding tightening credit and identity theft has created a new industry targeting those worried about their credit ratings. These companies are selling credit tracking services for a monthly fee that really may be of little value. An article in The Wall Street Journal by personal finance columnist Karen Blumenthal points out that your credit score is only [...]
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Coastal Commission Bills Squashed
September 18th, 2009
By Brad Garbutt
The California Coastal Commission had two bills pending that would have greatly expanded their powers over development including projects far from the coastal environment. The California Association of Realtors (CAR) have fought these bills and won, for now.
AB 226 proposed to expand the Coastal Commission’s authority to levy its own civil penalties instead of pursuing fines and penalties through [...]
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REO’s a Great Option for First Time Buyers
September 15th, 2009
By Bob Sparks
Just the other day I overheard an agent talking on the phone with a first time buyer client regarding purchasing an REO property. The agent explained to the buyer that in their experience it has been difficult for a first time buyers to get financing to purchase bank owned properties and was steering them away from this option. The agents [...]
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On How Real Estate Is Exactly Like Golf
September 15th, 2009
The percentage of listings with price reductions declined slightly from July to August, and when sellers did slash their asking price they made smaller reductions. This means buyers are paying more and buying sooner. In other words, they’re upping their game. If you’re selling, you can price your home competitively and take advantage of the crucial first week(s) on the market with aggressive marketing. If you’re a buyer, having all your finances and qualifications in order will secure your place at the front of the line when yours is among multiple offers.
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Redding Home Prices Inch Upward
September 15th, 2009
By Brad Garbutt
Bad news month after month, year after year is finally being replaced with a glimmer of hope. August sales numbers for Redding show a rebound in average home prices-something not seen since the bubble burst in 2006! A local appraiser reports stabilization and even an uptick in the average cost per square foot. It bottomed in [...]
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Buyers Penalized For Making Large Downpayments!
September 14th, 2009
By Brad Garbutt
Another example of how messed up our mortgage industry is came to light in a recent article in The New York Times. A policy rule adopted by Fannie Mae and Freddie Mac actually penalizes buyers that make what is normally considered a desirable downpayment of 20% or more. Why? Apparently loans with a lesser downpayment [...]
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Realtors Publish Home Financing Guide For Buyers
September 11th, 2009
By Brad Garbutt
The California Association of Realtors recently published a guide aimed at informing buyers of the variety of financing options available today. Jim Liptak, President of the California Association of Realtors, wants interested home buyers to check out this new guide. The guide also helps prospective home buyers conduct a rent vs. buy analysis, details state and federal [...]
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when your deal goes up in smoke
September 9th, 2009
So what happens when you’re selling or buying a property that is damaged by fire? The California Association of Realtors has answers. The following questions and answers may be helpful for property owners and residents who have suffered a loss, or for buyers who are in escrow to purchase property involved in disaster.
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- Shelley Texley-Gilchrist
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- Jerry Baker, Realtor
- Bob and Sandee Sparks, Realtors
- Lauri Gibson, Realtor
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