Why CRMLS Created the It's My Business Campaign

Comments

Post a Comment

Popular posts from this blog

Lessons of 911

Today (September 11, 2011) as I write this I am preparing to board a plane bound for Hawaii. Part vacation and part work this trip in and of itself is a statement to those who would bring America to her knees if they could. We as a country have never settled for defeat. And, I pray we never will. Ten years after the last plane fell from the sky. Ten years from the time the last tower fell. Ten years from the time the last hero breathed his (or her) last breath. We continue to remember those who we lost, and those who were saved. As I await takeoff I cannot get enough of the television coverage marking this historic date in a most appropriate manner. And, front and center in the celebration is arguably the most famous piece of real estate in America, Ground Zero. Ten years ago almost to the minute this hallowed ground having just seen her twin monuments to capitalism fall, and the land now intrinsically holding little value.  In the world of commercial development the value ...
Read more

Purchase Price V Interest Rate

Today's buyer is facing a conundrum of epic proportions. It is obvious to most that in many areas of Southern California, prices have flattened out. Luxury sales have slowed dramatically. And, all indicators are that sometime in the near future, we will see a slight adjustment in home values. For that reason, many buyers are thinking that the wise move would be to hold off their purchase. And, most likely get the home they want for less money. And, it is true that historically this would have been a good strategy to employ. Today, I am not so sure. In fact, I am telling my friends and family that today, may be the very best time to buy. That there may not be better time to purchase in their lifetime. Let me explain. While it is true that home values are at near record highs for most of the South-land. It is also true that interest rates are still in the high three percent range for a thirty year fixed rate mortgage. And while property values may drop slightly sometime in the ...
Read more

The Up (And Down) Side Of Creative Fincancing

Back in 1993 when I began my real estate career, we had many options to sell a home (few of which were conventional).   At the time interest rates were higher than FHA limits would allow. Many of the best houses offered for sale were upside down in value.   And, selling a house was a real challenge. We had a number of alternative methods to overcome the hurdles we had to cross all effective. And, all of them had risk or benefits for the principals involved in the transaction. First there was the wrap around (All Inclusive Trust Deed): This simply stated allowed the buyer to take title to the loan while the sellers name remained on the loan for the term of the contract. It worked something like this. Your home might have been worth ninety thousand dollars. But you might have owed one hundred and twenty five. The buyer with the full understanding of the value might offer the seller five thousand in cash in return for being deeded to the house. The upside for the buyer in this...
Read more