Are you an investor who wants a rental survey before purchasing the next income property? Or are you thinking of leasing a home in an area where you're not familar with local rents? Check out these websites: www.rentometer.com or www.finestexpert.com A couple of...
Month: May 2011
Investors Using More Credit
From NMN: By Lew Sichelman While investors believe they will be able to outbid first-time buyers in the "rush" to snap up houses at today's bargain-basement prices, a large majority apparently plan to use a combination of cash and credit to purchase properties as they...
Fraud in Plain Sight
From HW: Short sales increased rapidly over the last several quarters, but wherever there are home sales, there are home sales fraud. Sales of properties on the verge of foreclosure tripled over the last two years and will increase another 25% this year, according to...
Number 4
From the latimes.com: Pity the poor Arcadia couple trying to sell a house with a street number 44. Most local buyers are Chinese — and for them, such a number can kill a deal. That's because, in Mandarin and Cantonese, the word for four sounds like the word for...
Granny Flats
From the voiceofsandiego.org: In 2002, the California legislature passed a law requiring cities to allow construction of "granny flats," small apartments built as attached or detached additions to single-family homes. The idea was to promote more affordable rental...
REO Challenges
I usually sell nice homes in premium markets.......these are not representative of my regular business.
Home Preservations
From Lily at the U-T: Even as some San Diego property owners worry that their values will not rise in the near term, preservationists remain optimistic that they can turn an old house into a gem and enjoy the experience as well as make money. “They are able to see the...
Selling For Top Dollar
Del Mar Renter asked, I'm a little confused about your comment in the other related posting on this topic: "REOs will sell for retail". What does that mean? Isn't the whole point that we don't know what "retail" really is? Maybe I'm missing something. The reason I say...
Ten Top Turnaround Towns
Hat tip to Mr. T for sending this along, from CNNMoney.com: Move.com, which runs the Realtor.com website, has identified the 10 top metro areas where it thinks housing markets have started down the road to recovery. Move.com, with a database of homes for sale all over...
Mod Shadow Rain
Three months later the Carlsbad modular project is looking a bit desolate, an example of the shadow inventory's impact on a local CV market - plus some goofy drivers! P.S. How's the foreclosure market in Carmel Valley in May? Only two houses foreclosed so far this...