From the category archives:

Buyers

Short Sale Buyer Contract deal points can make or break a short sale.  In this video blog I go over the Short Sale Addendum for a quick overview of the form and some commentary on how it can help protect the buyer in the transaction. Thanks for reading Simi Valley’s Premiere Real Estate Blog! Author [...]

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If you’re a Simi Valley borrower either purchasing a home or refinancing, you’ll encounter the new good faith estimate which is required to be given to you as an explanation and disclosure of the terms of your loan and the costs of your loan. This updated form has been required since the middle of January [...]

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Friday, April 30th – The 1st time home buyer tax credit expired at midnight June 30, 2010. Stick a fork in it’s done! Ding dong the witch is dead! Hallelujah! Okay what’s wrong with me? While the first-time home buyer’s tax credit was designed to stimulate the market and I’m sure you could probably find [...]

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Simi Valley Oakridge Estates Floor Plans

by Ted Mackel on April 4, 2010

Below are the Floor Plans for the 4 different models that were built in Simi Valley’s Oakridge Estates. The Tract is dominated by two-story models as there are three. There is one single story floor plan. The largest model, the Valley View,  boasts large bonus room over the three car garage which is usually configured [...]

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Below are the general  home sales trends for homes in Simi Valley Oakridge Estates going back to 2003 to the end of 2009. There are a few homes for sale in the tract currently and as of the end of March 2010, no sales. The data was pulled from the Ventura County  Regional Data Share. [...]

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Simi Valley Foreclosures For Sale 671 Azure Hills Drive Simi Valley Home For Sale – 671 Azure Hills Drive produced by Ted Mackel on WellcomeMat Price = $639,000.00 Bedrooms = 4 Bathrooms = 3 Interior = approx. 2407 sq ft Lot Size = 12,302 sq ft Pool & Spa = Inground – Gunite Upgrades = [...]

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Understanding Home Valuations – Broker Price Opinions (BPOs) This segment covers the “BPO” AKA Broker Price opinion. What is a BPO? How is it conducted? Who orders a BPO? How many BPOs are ordered? These are some of the topics covered.  In the segment that will follow this, I will explain how these values are [...]

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Impacting Home Values Is the Real Estate Industry Heroes or Villains (Video Blog) In this Video Blog this will be the beginning of discussion on how values are determined for your home. There are many factors involved in home valuation so please stay tuned for the second part of this series. In this episode I [...]

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Tuesday – I learned that both Lawyers and Chicago Title Insurance Companies had simplified their rates.  I see this as a great move on the part of these two title companies. What they have done is made their short term rate now the standard rate. Previously, the short-term rate was a discounted rate homeowners would [...]

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RESPA changes enacted January 16, 2010 will benefit  Simi Valley home buyers and help them understand the costs of their financing on the new good faith estimate (GFE) and HUD-1 settlement statements. When shopping for a loan, the mortgage broker must give a good faith estimate to the client that outlines the costs of the [...]

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