by Ted Mackel on March 15, 2010
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 used with Short Sales and Bank [...]
by Ted Mackel on March 11, 2010
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 [...]
by Ted Mackel on February 28, 2010
Simi Valley Home Sellers – Gary Keller Author of Shift say this is a “Goodbye Market”
ABC’s Good Moring America produced this piece to help Homes Sellers better understand the challenges selling a home in this market. The key message coming out of this, is that homes not only need to be priced right, but they [...]
by Ted Mackel on February 8, 2010
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 [...]
by Ted Mackel on December 9, 2009
Should you sell your Simi Valley home during the holidays?
There are several positions on whether home Sellers should consider selling their homes or if their home is already listed, continue trying to sell their home throughout the holiday season.
The annual real estate agent hibernation generally starts the week after Halloween and carries on until Super [...]
by Ted Mackel on November 23, 2009
Looking for inexpensive ways to make your Simi Valley home more attractive for buyers?
But wait a minute, aren’t homes selling with multiple offers, bidding wars and buyers being left out? Certainly in the lower price ranges homes are selling quickly and with multiple offers; however, homes in all price ranges with serious deferred maintenance and [...]
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 blogs such [...]
by Ted Mackel on November 9, 2009
What is a short sale? A short sale occurs when the seller of a property owes more money against that property than what they can ultimately sell the property for.
Example, you have a $500,000 loan against your property, but now it is only worth $400,000. Adding the costs to sell your property at $400,000, including [...]
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 12, 2009
Should the listing Agent be present on Showings?
What do you think? One consideration for California is that our trade areas cover far larger areas than other places in the United States. The Supra Lockbox system works very well in the Simi Valley Moorpark, Conejo Valley & San Fernando Valley areas. It is very easy for [...]