Being a realtor means you get to see things beyond the imagination; some good, some not so good. The worst can be seeing how some people live, particularily those less fortunate. How the previous owner allowed this to happen is beyond me, but she collected the rent...
Month: May 2010
Bank of Deadbeats?
Zach Fox keeps stirring the pot - where did he learn that? From his SNL blog: On the crucial question of whether underwater borrowers will continue to pay their mortgages or walk away, Luigi Zingales, a professor of finance at the University of Chicago Booth School of...
Keep Hanging?
When you see things changing behind the scenes, you can't help but think that it might be worth waiting a bit longer to see what develops - will there be bigger, better REOs later?
Extortion By Zillow
The new Zillow advertising program is out, here's the description sent by email: The Zillow Premier Agent program is a powerful set of new features that connect Zillow's home buyers and sellers to an elite group of agents. You can dominate your ZIP code, get more...
Commercial Prop 13
From the U-T: SACRAMENTO, Calif. — Democratic lawmakers are determined to close tax loopholes they say cost state and local governments hundreds of millions of dollars each year, as they search for ways to trim California's enormous deficit. A report by the...
The Ol’ Tuna Melt
We are fortunate that San Diego sellers don't have "seasons" to blame for why real estate isn't selling - our market is active for 12 months of the year. What makes the situation worse in resort areas is that both sellers and agents, when confronted with the prospect...
Strategic Defaults Go Mainstream
The company 'You Walk Away' is in the same Carlsbad office building as Klinge Realty. They used to have the prime first-floor office that was probably a few thousand square feet, but they have since vacated for a much smaller space. .
Selling Houses by Video
HAPPY MOTHER'S DAY! When it is so competitive for the good buys, how does a buyer compete when he's out of town? Do you jump on a plane for every new listing? There were multiple offers on this 3,454sf house, and according to the seller/agent, they were all very...
Magmabresy
"They're all spoken for", in spite of the odds:
When to Buy – Is Now the Time?
A reader sent in this question: I have seen a house I am really interested in, but my husband is concerned about getting back in the market right now. He feels prices are going to go down more and that there is going to be a big increase in REO houses coming on the...