Four words a seller never wants to hear. And a message that we, as realtors don’t enjoy delivering to our clients. However, it must be said, time and again, that this is a market of supply and demand. Influenced by economic factors, the job market, mortgage rates, and buyer attitude. Supply and demand. Supply and [...]
Starting this past Friday, July 1st, carbon monoxide detectors must be installed, consistent with new construction standards or according to the approved instructions for the detectors, in all existing single-family dwelling units. All other dwelling units (such as apartments) must have proper carbon monoxide detectors no later than January 1, 2013. For home sellers? This [...]
Did you know???….$737M of single family homes were sold in San Mateo County in Q1-2010, and in Q1 of this year, that number was $736.6M? Or that the average price of a home in San Carlos was almost $75,000 more this past quarter, versus the same period last year? Market stats, market stats, and [...]
Today’s post comes courtesy of our very own Rick Soukoulis, Chairman and CEO of Intero Mortgage, who always has great ‘big picture’ perspectives. I get asked quite often if the nightmare in Japan is going to bring about global economic problems that will halt our recovery and maybe even send us back into a downward [...]
Ok, so obviously there’s nothing in Les Propheties that I can think of that predicts any real estate market. But if I was Nostradamus, here’s what I’d predict: “ Your local housing market will be one of the following; up, down or the same.” Whoah, Ed….prolific yet prescient. How can you be so sure? Ok, [...]
One thing for sure about this difficult market for us agents — in pure Darwinian fashion, the cream has risen to the top and the strongest are surviving. It’s also unfortunately elevated many agents that in previous years were at the “bottom of the barrel”…to high levels of production that they’d never been accustomed to. [...]
So, this is more of a warning of something you may receive in the mail, that in my opinion is a trying to scam uninformed homeowners, and kind of a total crock of you-know-what. So in the mail today, I get this official looking letter from "Property Tax Reassessment", from a p.o. box in Los [...]
Here we are, the first episode in 2009 of the Gory Details Podcast….the longest running real estate podcast here in San Mateo County, With interest rates changing sometimes more often than a baby's diaper, what's a homebuyer or seller to think? Take a listen to this months episode, because joining us today as our special guest [...]
And here's why. There is a new refinance fever hitting the consuming public. Why? Because the record low delivery rates have let to incredibly low home loan rates. Have you heard about the rumored 4.5% fixed rates that might become available from the gub'mint under a new stimulus program to get the housing market to [...]
As a follow on to yesterday's post on overpriced listings, I came across this very well written Forbes article, which, if you're selling your home, you should definitely soak it up (and yes, I did "borrow" their picture for yesterday's post as well.) Here are the five tell-tale signs: Your home is priced well above neighboring properties. [...]
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Realtor, Marathon Man, "Man of a Thousand Voices".