by Ted Mackel on January 5, 2010
As a Simi Valley Home Buyer in this market you will be confronted by many homes for sale that are Short Sales. Before submitting an offer buyers should be concerned and careful about the process they are about to enter. The current market conditions for buyers has been difficult for many. Inventory levels have been [...]
by Ted Mackel on November 19, 2009
The lunatics have taken over the asylum. (CNBC video interview at end of this post) Beside being the song title of a 1980s new wave band (Fun Boy Three), the title of this post may be more accurate than even I realize. I follow the papers, several blogs including Calculated Risk, Square Feet Blog, industry [...]
by Ted Mackel on November 5, 2009
That’s right Simi Valley home buyers, the tax credit is waiting for Obama’s signature. The tax credit legislation passed the House today in a 403 to 12 vote. The Senate vote was 98 to zero. This time around there a few additions, these are pointed out in my video blog below. One thing I did [...]
by Ted Mackel on October 8, 2009
Update on Extending the First Time Home Buyers Tax Credit The First Time Home Buyers Tax Credit is set to expire on November 30th. The reality of this deadline means that the buyers out now need to get a home in escrow by the 20th of October. The Thanksgiving Holiday will add days to any [...]
by Ted Mackel on September 28, 2009
Below is the sales data for the Silverthorne tract in Simi Valley from May of 2003 up through September of 2009. The tables below contain the the Average Sales Price, High and Low Sales Prices, the List to Sale Price Ratio, all broken out by year. The Multiple Listing Service Vendors for Simi Valley was [...]
by Ted Mackel on July 20, 2009
Probate Auction Podcast – Why you need a Will Last Saturday I attended a Probate auction with a client. This is what happens when you die without will. A bunch of Strangers show up in the parking lot of your Condo complex and offer low bids on your home. If you have left family [...]
by Ted Mackel on June 16, 2009
HVCC impacts Simi Valley Homes For Sale HVCC – HOME VALUATION CODE OF CONDUCT History: New York Attorney General, Andrew Cuomo investigated Fannie Mae and Freddie Mac appraisal practices. Fannie and Freddie (with the Office of Federal Housing Enterprise Oversight (aka – OFHEO) agreed to adopt new changes to how appraisals are processed in the [...]
by Ted Mackel on June 10, 2009
Simi Valley Homes For Sale Market Report May 31st 2009 My Video Commentary on the current Simi Valley Real Estate market conditions will follow shortly. For now the closing numbers up through the end of May are below. Oh Yeah, no we have not hit bottom yet…..I’ll explain later. Activity – Single Family Detached Homes [...]
by Ted Mackel on May 18, 2009
Simi Valley Real Estate Market Report YTD April 30 2009 The table below contains the Simi Valley Homes for Sales numbers and closing numbers Year-To-Date April 30, 2009. One number that our Multiple Listing Service Statistical reports do not separate is the Active Listings. Our Simi Valley Multiple Listing service lumps the homes in “Back [...]
by Ted Mackel on April 22, 2009
Simi Valley Home Owner Tip – Power Lines & Tree Trimming Who is responsible for trimming the trees near power lines? What should you worry about? The service lines that come from the pole to your home will be maintained by Southern California Edison; however bushes, plants and trees that interfere with those lines are the responsibility of the [...]