Residential sales for the period January 1, 2009 to February 28, 2009 compared to the same period last year remained about the same. Eighty homes were sold this year compared to eighty six homes last year. However, average sales prices dropped 12% or about $48,500 per home. The average sale price this two month period [...]
China may be having the same economic troubles that the United States is having, but groups of Chinese are coming here to buy up some bargains. A trip organized by SouFun Holdings, China’s leading property website company announced a tour to America to buy real estate. The trip was heavily oversubscribed and only 40 will [...]
According to Forbes Warren Buffett is number two in the line up of the 400 richest Americans. If you believe in his wisdom, Mr. Buffett says now is the time to buy! (Mr. Buffett is worth 61 billion dollars) I’ve read his simple rule for buying of stocks, companies and real estate, “Be fearful when others are greedy, [...]
First a brief definition of what a hard money loan is from Wikpedia: Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the maximum loan to value [...]
You might have heard of the real estate agent in Hillsboro, Oregon who used his lock box key to enter into homes and burglarize them. A homeowner returning from a business trip, walked into his house to find Michael Troy Messmer drinking a White Russian. It seemed obvious that Messmer had been in his [...]
Foreclosed homes are a buying opportunity if you have the cash. For some investors, speculators and first time home buyers are thinking big and finding opportunities in plummeting home prices. A gold lining in the Golden State’s housing crash. According to the The News “For many young couples, plummeting prices and near record-low interest rates [...]
Angel asked me the other day why I liked Nevada County so much. She said she’s 49 now and we have always lived here. (Angel’s seven, but dogs age seven times faster then humans, although some times I think I’m keeping up with her) I said Angel, it’s like this, to give you an [...]
Hiring an attorney is usually the last thing I tell a client to do. It’s expensive and normally you can work things out with the party in question if both sides are willing to talk and negotiate. However, the more I hear from friends and clients, it seems that the only way to get a [...]
If Angel and I could talk to each other, the conversation might go something like this. Angel to me, why are people so upset because the government might save their neighbors house who is facing foreclosure. After all, they’re saying I make my payments on time, I don’t want or need a government handout, why [...]
The White House President Obama will be in Phoenix today, to unveil his “Homeowner Affordability and Stability Plan” to help bring relief to homeowners and bring some order to the housing market. A portion of his blog reads: “The President’s strategy for economic recovery is a stool with several legs, as he’s said, and one [...]
