Community Home Buying & Selling Real Estate Guide
Insider's Guide to Real Estate Research & Home Owner Information
The May 2015 Simi Valley Housing Report is showing stability in the market. May 2012, 2013, 2014, the number of units sold is relatively the same. Median home prices for Simi Valley in 2015 are 3.85% up from January to May. The market breaks down along affordability lines. Where homes are the most affordable, Sale […]
In real estate, short sales are triggered when a seller’s property is worth less than what they owe on the property. The seller then needs to get an agreement from their lender or lenders that will allow the seller to sell the property for less than the outstanding loan or loans against the property. This process […]
[wnt_grid maptype=”disabled” exactcity=”1″ ownertype=”all” paginated=”false” sortoptions=”false” maxresults=”3″ search_mode=”form” primarysearchtype=”active” searchtype=”city” state=”CA” min_price=”0″ max_price=”1000000000″ listing_status=”Active” county=”Ventura” city=”Simi Valley” single_family=”y” newListings=”1″ condo=”y” townhouse=”y” /] Sales Volume for Simi Valley Single Family homes was 18% lower in January 2014 over January 2013. While Median and Average Prices are up, the over all strength of the market is mixed. […]
What is an Approved Short Sale? No doubt if you have been in the market to purchase a home, you have encountered properties listed as Short Sales. A Short Sale is a property that is selling for less than the amount owed against that property. If your Real Estate Agent claims that any of these […]
The Flow Chart below illustrates the short sale process from the time an offer is received until the Short Sale is approved. What is in the Seller’s Package typically? Financial statement Hardship Letter detailing the particular hardship that has interfered with the seller’s ability to meet the current loan terms (payments). Copy of pay stubs […]
While the new improved FHA policy looks to aim at the hardest hits part of the county, this is definitely an improvement in understanding how to tackle a difficult problem. Over the last 4+ years, 50% of the sales I have been involved in have been Short Sales. There is no shortage (no pun intended) […]
Do Simi Valley September Homes Sales show another false positive for the real estate market? In 2009 and 2010 September sales volume for single family detached homes tailed off after a 2008 rebound over a record low in 2007. Fast forward to today and low interest rates are enticing investors and home buyers to enter […]
Simi Valley Short Sales have been a big part of my business for the last couple of years. It is important to avoid the 10 Mistakes Home Buyers Make with Simi Valley Short Sales. These transactions are very complex and not every real estate agent is equipped to handle these transactions. It is easy to […]
A series of news reports over the last few years are covering a problem that has hit the Short Sale Market. As in any market, if there is an opportunity, the opportunist go to work. This time they are trying to create screaming deals out of Short Sale properties. Beware of Short Sale Flipping These flippers […]
Every once a while my phone rings and I am asked, “ how much do you charge?” There are a few things that remain constant with this type of incoming call for my services. First, the people who usually call with this question are in the very early stages of research as to which is […]
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