Realty World - Success Plans, Inc. » buyer http://realtyworldsuccess.com Serving you since 1986 Thu, 10 May 2012 06:28:14 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 More forclosures are coming http://jefftung.net/2012/04/02/more-forclosures-are-coming/ http://jefftung.net/2012/04/02/more-forclosures-are-coming/#comments Tue, 03 Apr 2012 01:48:00 +0000 Jeff Tung http://realtyworldsuccess.com/2012/04/02/more-forclosures-are-coming/ Home sales have declined in some areas and its due to high demand, low interest rates and a shortage of homes to buy.  This creates a change in the market place.  Not good for buyers but good for sellers.
Buyers around the bay area are going to be happy to see more homes on the market.  Currently homes that are under $400,000 are experiencing a seller’s market.  Most sellers are receiving multiple offers for their home.  Every home that I have made offers for my clients have had more then 1 offer.  One house in Hayward had 18 to 20 offers.  Another house in San Bruno had 6 offers. My listing in So. San Francisco received 2 offers above the asking price, right after my open house, and 1 was all cash.   My other listing in Pacifica received 8 offers, all over the asking price.  It’s like that all over the Bay Area.  It’s pretty discouraging for buyers today.
Maybe there is some relief coming soon.  There is a shadow inventory due to be release around summer.  I hope this will help the buyers that are trying to get into their home.
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]]> http://jefftung.net/2012/04/02/more-forclosures-are-coming/feed/ 0 INTEREST RATES??? http://janatlee.com/2012/01/17/interest-rates-2/ http://janatlee.com/2012/01/17/interest-rates-2/#comments Tue, 17 Jan 2012 17:01:00 +0000 Jana Lee http://realtyworldsuccess.com/2012/01/17/interest-rates/ Image by RambergMediaImages via Flickr
What next???  The interest rates are going to go up starting in March.  What else is going to happen to our real estate market?  The buyers? The sellers? 
We can never really predict what the market will do to our buying power.  We can only plan the best we can and jump through the hurdles put in front of us. 
I cannot express how important it is to line up all your “ducks” and ready them for when that right house comes, you are then in position to GO FOR IT.
With all the new legislations, rules and guidelines, buyers have to be better prepared before entering into this major purchase.  Buyers don’t have the time and money to waste.  TIME IS MONEY…in every meaning of the phrase.
Follow the ABC’s of buying and selling real estate and listen to your agent.

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