Here is Tom T's youtube tour of his next project, where he describes his plans for this mid-century modern in Bay Park. Visit tomtarrant.com for more details:
Tom’s Mid-Century Modern
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Year: 2011
Coronado
Smoother Sailing Ahead?
As 2011 is wrapping up, here's how the NSDCC detached sales and average cost-per-sf compares with previous years (I added a zero to the $/sf numbers): We have seen that the size of the inventory has some sort of impact on the market. When the market is loaded...
Fore!
Video advertising of homes continues to get more creative:
One-Story Homes Featured Here!
This fell out of escrow for the second time today: The agent states in the listing that the short-sale approval letter will not be furnished to the buyer, which is a first. How will the buyer know they have a deal? Might the hold-back have something to do with the...
Mortgages Are Readily Available
From the latimes.com: Could gloomy popular assumptions about how tough it is to get approved for a mortgage be scaring away large numbers of qualified people? You bet. Lenders and economists will tell you flat out: The lack of accurate information about the...
No Mercy
Two foreclosures that exemplify what to expect in 2012:
Free-Rent Program Extends
From cnnmoney.com (seen at CR): NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight. Among the tactics: Challenging the bank's actions, waiting to file...
Foreign Investors
From npr.org: Investors from Asia are taking advantage of housing prices that have plummeted in recent years, buying foreclosures and short sales at below what it would cost to build them. Kevin Chu's Hong-Kong investment firm owns property in Las Vegas, but he's...
Short Sale Fraud
There will be realtors who see this video and think, "Jim, you have it all wrong." "The listing agent's duty is to the seller only, not the bank." But that is the short-sighted, greedy viewpoint. For agents to hide behind that simple thought, and ignore the big...
