Just when you think you're in for another routine day at the plant, more turbulence. Wifey thinks I'm getting too aggressive on the blog, but like another agent said today - if you're going to be a successful realtor in this market, you gotta be able to deal with the...
Buying at Trustee Sale
Foreclosure Previews
If you're interested in buying a house at the trustee sales, it would be smart to see them in person. But there are so many properties on the list that we want to help you narrow it down by showing them to you on the internet first. Here's an example of a video...
Foreclosure List
Nick asked, "Jim where can you find up to date info on trustee sale dates and houses involved for the San Diego Area?" Foreclosureradar.com has been the most efficient website for us, because they keep it updated - changes are usually recorded the same day. You can...
Big Flipper
The bank may be exempt from disclosure and is selling "as-is", but the flippers and agents are obligated to disclose all known defects. Flipper paid $945,000 on 11/18/09 at the 'steps, and re-listed for $1,395,000 to $1,495,000:
Fired Up
Over the weekend I was discussing with a new client my outlook for 2010. He said that in person I sounded more optimistic about the market than on the blog, and I agreed. Some is due to trying to provide all evidence and let you decide, but more is due to recent...
The Big Convergence
Who do you call once you realize you've been hacked? ROB DAWG!!!! Bryce was the first to email the news, and within 60 seconds I had Robert on the phone. He was happy to oblige, and boom, here we are, right back in business! Thank You Robert! Our website designer...
F-Tour Inventory
People have asked, "Why do you do this?" The internet gives everyone acess to the new listings immediately, and anxious buyers rush over to see the good ones within hours of MLS input. The early intensity spooks sellers, and they don't want to deal - which usually...
Is Flipping The New Black?
From the wsj.com - hat tip AL and MB! SCOTTSDALE, Ariz. -- Four years after the collapse of the U.S. housing bubble, flipping homes is back in fashion. Jon Mirmelli, a Phoenix real-estate investor, learned late in the morning of Sept. 28 that a never-occupied custom...
CV Price Discovery
The low inventories and fewer sales make it harder to determine values, and pricing - especially in popular areas like Carmel Valley, 92130, where there are wholesale and retail-priced sales happening at the same time. Here are some additional examples to assist you:
Touring
All of these have their trustee-sale date scheduled in the next couple of weeks. The last two houses are active short-sale listings, the gray house on 4th is listed for $2.195, and the oceanfront house has its short-sale approved for $2.86 million - but no takers....