Out with the old in with the new!
I hope that 2009 is filled with bright optimism and hope for you.
OK a brief over view of the auctions for all you real estate fans!
There are several auctions that come thought the Victor Valley,
REDC and Hudson & Marshall seem to be the most frequent.
REDC will be here Jan 24.
Time to prep for it if you are going.
GENERALLY here is how it goes, everyone is a little different.
FIRST!!!!!!!!!!! Preview the property! REPEAT! VIEW THE PROPERTY! DO Not bid on something you have not seen!
Next read all the legal stuff on line.
You can bring an agent to the auction. This will cost you NOTHING! It may help keep things going in the end. We get paid for trouble shooting and making your life less complicated.
Next decided ahead of time what you are willing to spend on a property. You and your agent have gone over the comps near by, looked at a few other houses around there etc. Do your homework.
Get your funding together, come with a pre-qual from a lender you chose.
You will most likely need a cashier check for $5000.00
This will be your deposit for the first $95K of bidding.
The auction will add 5% premium to your last bid.
You will need a personal check for 5% of anything you bid over $100K.
You will need a second cashiers check for $10K for any 2nd property you present the winning bid on.
NOTE!!!!!!!!!!! All bids are subject to seller approval. So if the seller is expecting to sell for $200K and you fall short of $200K and win the bid, they can not accept you offer and you will get your money back. It's like on e-bay when you win but you didn't meet the reserve price.
Next....read the contract VERY CAREFULLY!!!!!!!!!!!!!
It is a mean nasty contact written to the sellers advantage.
If you win and the house won't make appraisal or meet some other condition set out by your lender and they won't lend on it. Too bad, so sad for you. Bye bye deposit. No joke! BEWARE! INSPECT! Be careful!
Please be 1000% sure before you go into this.
You can get a great deal, but it's not for the faint of heart, it is a risky way to buy a house.
So before you buy,
get an agent
look at the house
inspect the property thoroughly
have fun.
By the way....
you can check out the next REDC auction in Victorville Jan. 24.
Open houses Jan 3,10 and 11.
Or call your favorite realtor (Hopefully that is me!) to see the houses.
Happy House Hunting!
Karen
Wednesday, December 31, 2008
Friday, December 12, 2008
Is there a house under your tree?
Looking for a unique gift, that will keep on giving?
How about a rental house?
Seriously folks there are move in ready houses out there for $50K.
Now if you think that you can go in and offer that at $45k and get it, most likely not, you need to be prepared to over bid on the best priced stuff. I'm not the only agent in the Victor Valley that can find a deal and despite what you hear people are out there buying. So you would need to come in strong, like $55k with a nice deposit to out bid everyone else looking at the house.
Some of the REO's are coming in low to create this kind of frenzy with their listings, and it's working, that type of listing tends to sell at 10% over asking.
The point is there are deals to be had.
You have to have PATIENCE! YOu most likely will not get the first house you bid on.
But Karen does not give up. We'll keep grinding out paperwork till we get your dream to come true.
Happy House Hunting!
Happy Holidays!
Karen
How about a rental house?
Seriously folks there are move in ready houses out there for $50K.
Now if you think that you can go in and offer that at $45k and get it, most likely not, you need to be prepared to over bid on the best priced stuff. I'm not the only agent in the Victor Valley that can find a deal and despite what you hear people are out there buying. So you would need to come in strong, like $55k with a nice deposit to out bid everyone else looking at the house.
Some of the REO's are coming in low to create this kind of frenzy with their listings, and it's working, that type of listing tends to sell at 10% over asking.
The point is there are deals to be had.
You have to have PATIENCE! YOu most likely will not get the first house you bid on.
But Karen does not give up. We'll keep grinding out paperwork till we get your dream to come true.
Happy House Hunting!
Happy Holidays!
Karen
Wednesday, November 26, 2008
Happy Thanksgiving
Hello Blogger Fans!
If you haven't jumped into the home buying market, come on in the water is fine.
So the scoop in Apple Valley is in the last month......
85 homes have sold
3 of those where short sales
The average sq ft is 2052
The average price sold is $186,453.00
The highest price house sold $545,000.00
the low $68,250.00
It's a blessed life, made all the better by great friends and clients like you!
Happy Thanksgiving!
If you haven't jumped into the home buying market, come on in the water is fine.
So the scoop in Apple Valley is in the last month......
85 homes have sold
3 of those where short sales
The average sq ft is 2052
The average price sold is $186,453.00
The highest price house sold $545,000.00
the low $68,250.00
It's a blessed life, made all the better by great friends and clients like you!
Happy Thanksgiving!
Thursday, November 6, 2008
Nov. Notes
Hey Real Estate Fans, News hot off the press.......
Here is the scoop from the market conditions report by Chicago Title for Nov.
Apple Valley
788 houses listed
109 sold
7 month supply
Median list price $180k
Median ask at offer $160K
Median close $156k
So to overstate the obvious, the lower priced homes is selling faster that the higher priced homes.
Still a great time for first time buyers, prices low supply good.
But if you are waiting to hit bottom we are seeing some numbers go up. To be certain some areas still have to come down some. But the deals are out there.
Happy House Hunting,
Karen
Here is the scoop from the market conditions report by Chicago Title for Nov.
Apple Valley
788 houses listed
109 sold
7 month supply
Median list price $180k
Median ask at offer $160K
Median close $156k
So to overstate the obvious, the lower priced homes is selling faster that the higher priced homes.
Still a great time for first time buyers, prices low supply good.
But if you are waiting to hit bottom we are seeing some numbers go up. To be certain some areas still have to come down some. But the deals are out there.
Happy House Hunting,
Karen
Monday, October 20, 2008
Some good news about loans and something to think about.
http://realtytimes.com/rtpages/20081020_washingtonreport.htm
It's not horrible trying to find a loan. Especially if you are looking for a first home. Jumbo loans....don't know. Where I'm having to put my extra thought is into investment property. You might have to think outside the box. We that went though the last go round of housing upset in the Victor Valley, many of us were caught up in fear and missed the chance to invest. NOW this is a GREAT time to buy an investment house. Now aren't you kicking your self for not buying a lot in Desert Knolls last time?
There is this old joke which reminds me of opportunity and how we look at things...
here goes....
A very religious old man lived just downhill of a big dam. One winter, after heavy rains, he got a knock at the door.
When he answered the door, there was a policeman in a raincoat. "I'm here to tell you the dam's in danger of bursting" he said. "If you want to leave, you have time to do so."
"No, thank you." said the old man. "My Lord God will save me."
"Okay," said the Policeman..."suit yourself!" and he left.
The next day, there was a knock on his door. When he answered the door, there was a Fireman dressed in flood-gear...down at the bottom of where his driveway used to be was a boat.
"I'm here to tell you that the dam has burst. It will soon take over your home. Please take some clothes and come with me!" He said.
"No, thank you" said the old man..."I've prayed to my Lord God, and he will save me!!"
The fireman shook his head and said "Suit yourself!!" and he left.
The next day the flood waters had taken over his home and he was stranded on the roof.
Soon, a helicopter came by, and a Rescuer shouted through the open door "Give me your hand!! We'll get you out of here!!!"
"No!!" replied the old man...."My faith in my Lord God will rescue me!!"
"Suit yourself!!" said the Rescuer, and he flew away.
The next day, the old man drowned.
At the pearly gates, he met up the the Almighty. "My Lord God....I have always tried to be a good Christian!!! I prayed and prayed for you to rescue me, and I died anyway!! Why!!???"
The Almighty answered in a booming voice: "HEY!!! I SENT YOU A POLICEMAN, A BOAT AND A HELICOPTER!!! WHAT MORE DID YOU WANT!!!??"
So my fellow real estate fans.... Don't miss the boat.... call me.
760-684-0250
It's not horrible trying to find a loan. Especially if you are looking for a first home. Jumbo loans....don't know. Where I'm having to put my extra thought is into investment property. You might have to think outside the box. We that went though the last go round of housing upset in the Victor Valley, many of us were caught up in fear and missed the chance to invest. NOW this is a GREAT time to buy an investment house. Now aren't you kicking your self for not buying a lot in Desert Knolls last time?
There is this old joke which reminds me of opportunity and how we look at things...
here goes....
A very religious old man lived just downhill of a big dam. One winter, after heavy rains, he got a knock at the door.
When he answered the door, there was a policeman in a raincoat. "I'm here to tell you the dam's in danger of bursting" he said. "If you want to leave, you have time to do so."
"No, thank you." said the old man. "My Lord God will save me."
"Okay," said the Policeman..."suit yourself!" and he left.
The next day, there was a knock on his door. When he answered the door, there was a Fireman dressed in flood-gear...down at the bottom of where his driveway used to be was a boat.
"I'm here to tell you that the dam has burst. It will soon take over your home. Please take some clothes and come with me!" He said.
"No, thank you" said the old man..."I've prayed to my Lord God, and he will save me!!"
The fireman shook his head and said "Suit yourself!!" and he left.
The next day the flood waters had taken over his home and he was stranded on the roof.
Soon, a helicopter came by, and a Rescuer shouted through the open door "Give me your hand!! We'll get you out of here!!!"
"No!!" replied the old man...."My faith in my Lord God will rescue me!!"
"Suit yourself!!" said the Rescuer, and he flew away.
The next day, the old man drowned.
At the pearly gates, he met up the the Almighty. "My Lord God....I have always tried to be a good Christian!!! I prayed and prayed for you to rescue me, and I died anyway!! Why!!???"
The Almighty answered in a booming voice: "HEY!!! I SENT YOU A POLICEMAN, A BOAT AND A HELICOPTER!!! WHAT MORE DID YOU WANT!!!??"
So my fellow real estate fans.... Don't miss the boat.... call me.
760-684-0250
Saturday, October 18, 2008
GREAT DEAL!
OK for everyone out there saying, "LET ME KNOW WHEN YOU FIND A GREAT DEAL" This is it! Don't wait. I'm telling you now this is the best deal I've seen all year.
Listing #362115
$133,000 (LP)
Price/SqFt: 43.68
13361 Central Rd, Apple Valley, CA 92308 * Active (10/14/08) DOM/CDOM: 4/4
Beds: 8 Baths: 4 Sq Ft: 3045* Lot Sz: 30900sqft*
Area: 28 Yr: 1957*
Listing #362115
$133,000 (LP)
Price/SqFt: 43.68
13361 Central Rd, Apple Valley, CA 92308 * Active (10/14/08) DOM/CDOM: 4/4
Beds: 8 Baths: 4 Sq Ft: 3045* Lot Sz: 30900sqft*
Area: 28 Yr: 1957*
Thursday, October 9, 2008
Here is the scoop on Apple Valley zip 92307
Hey, check it out things are moving up!
Average Sales Price and Volume
Average Sales Price and Volume
Friday, September 26, 2008
Apple Valley News....
As of today there are 807 homes for sale in Apple Valley,
342 are bank owned,
133 are short sales.
There are currently 248 homes pending.
In the last 30 days 89 homes have sold,
65 of those were bank owned
4 were short sales.
342 are bank owned,
133 are short sales.
There are currently 248 homes pending.
In the last 30 days 89 homes have sold,
65 of those were bank owned
4 were short sales.
Thursday, September 18, 2008
We love Learning RX,
Hi all,
This is one of my favorite place and if you mention ME, you get a Karen discount.
LearningRx
Training the Brain to Make Learning Easier
Learning is a lifelong endeavor, and whether you are a student in a classroom or a student of life, tapping into your cognitive potential can bring big benefits. LearningRx offers just the prescription needed to strengthen brain power. LearningRx is not a tutoring service; it’s much more. The highly trained staff at LearningRx offer their clients individually designed programs that will focus on specific cognitive functions such as long-term memory, auditory and visual processing, as well as boost analysis, logic, reasoning, and other higher order thinking skills. The director of LearningRx, Steve Hackney, says, “Our goal is to make learning quicker and easier.”
Unlike tutoring, which merely attempts to re-teach information not previously understood, LearningRx uses one-to-one training to strengthen cognitive abilities so that the brain is able to access and process information more readily. While the professionals at LearningRx are serious about their clients’ success, the sessions don’t have to feel serious. Seven year-old Rachel has a lot of fun in the program, and her mom Andrea says that training has “broken down the mental wall” her daughter had built up against learning. Kristy says her daughter Brooklyn has “improved her comprehension and retention skills.” Serving clients of all ages, LearningRx even works with patients who have Alzheimer’s Disease or other forms of cognitive impairment to strengthen brain function and keep them cognitively active for as long as possible. LearningRx does not offer a “quick fix.” Steve Hackney reminds his clients that what they are investing in are cognitive skills that will not go away, skills that will benefit the client throughout his or her life, and he says the cost to benefit ratio is phenomenal. LearningRx offers financing plans as well. LearningRx helps their clients improve cognitive function, achieve higher levels of comprehension, and develop greater confidence that will last a lifetime. -- Susan Landers, HD Living Magazine
This is one of my favorite place and if you mention ME, you get a Karen discount.
LearningRx
Training the Brain to Make Learning Easier
Learning is a lifelong endeavor, and whether you are a student in a classroom or a student of life, tapping into your cognitive potential can bring big benefits. LearningRx offers just the prescription needed to strengthen brain power. LearningRx is not a tutoring service; it’s much more. The highly trained staff at LearningRx offer their clients individually designed programs that will focus on specific cognitive functions such as long-term memory, auditory and visual processing, as well as boost analysis, logic, reasoning, and other higher order thinking skills. The director of LearningRx, Steve Hackney, says, “Our goal is to make learning quicker and easier.”
Unlike tutoring, which merely attempts to re-teach information not previously understood, LearningRx uses one-to-one training to strengthen cognitive abilities so that the brain is able to access and process information more readily. While the professionals at LearningRx are serious about their clients’ success, the sessions don’t have to feel serious. Seven year-old Rachel has a lot of fun in the program, and her mom Andrea says that training has “broken down the mental wall” her daughter had built up against learning. Kristy says her daughter Brooklyn has “improved her comprehension and retention skills.” Serving clients of all ages, LearningRx even works with patients who have Alzheimer’s Disease or other forms of cognitive impairment to strengthen brain function and keep them cognitively active for as long as possible. LearningRx does not offer a “quick fix.” Steve Hackney reminds his clients that what they are investing in are cognitive skills that will not go away, skills that will benefit the client throughout his or her life, and he says the cost to benefit ratio is phenomenal. LearningRx offers financing plans as well. LearningRx helps their clients improve cognitive function, achieve higher levels of comprehension, and develop greater confidence that will last a lifetime. -- Susan Landers, HD Living Magazine
Wednesday, September 17, 2008
a re-run but bares repeating.
Buying your first house.
So you want to buy a house?
First you go talk to a loan person, hopefully my pal Craig at Wells Fargo. His # is 760-265-3423. Then you find out what you qualify for and match that to how much you are comfortable in paying per month. Make sure you start rounding up everything the loan people need.
Then go look for your dream home. (This could take 1 day or 6 months.)
Next you make an offer and go through the back and forth till you strike a deal.
Fill out paper work.
After you have an accepted offer, get your home inspected. Something will always be wrong, be ready. Ask for repairs or not. NOW...... you can start getting attached. Fill out more paper work.
You'll meet back with the loan people, more paper work.
Sign disclosures all from the other side of the transaction, get the escrow instructions, now you have someone else to fill out paperwork for, that is your hopefully your good friend the escrow officer.
Then if you are a NORMAL first time buyer, you start writing letters. why this, why that, your thinking who cares, well the loan underwriters do.
Make double, triple, quadruple sure you are on top of all the paperwork chasing you are doing for the loan.
You will hear, we passed termite and septic or not. Deal with that, more paperwork if there is a problem.
WOW!!!!!!!! You are still here.
SO FINALLY someone calls and says, come in and sign docs. That's the huge stack of paperwork that has scary things in it, like how much you will pay if you make 30 years of loan payments. Four little letters that really mean sign 4 feet it seems of paperwork. Good news is your about done.
These could be some really long long days, are you packing yet, I hope so.
Time to do the final walk through.
Next you'll hear the loan funded. I'm sure you are thinking I should have mentioned keys at some point right.
Now are all the loan conditions met? Everything fixed? Everything signed? This is no time to be losing sleep, you are moving soon. Now in a day or more....
Get ready, get set...........the words you have been longing to hear.
"YOU RECORDED!"
THEN you get your keys! Congratulations! You are now a home owner.
Ps The good news is the second one is less painful.
So you want to buy a house?
First you go talk to a loan person, hopefully my pal Craig at Wells Fargo. His # is 760-265-3423. Then you find out what you qualify for and match that to how much you are comfortable in paying per month. Make sure you start rounding up everything the loan people need.
Then go look for your dream home. (This could take 1 day or 6 months.)
Next you make an offer and go through the back and forth till you strike a deal.
Fill out paper work.
After you have an accepted offer, get your home inspected. Something will always be wrong, be ready. Ask for repairs or not. NOW...... you can start getting attached. Fill out more paper work.
You'll meet back with the loan people, more paper work.
Sign disclosures all from the other side of the transaction, get the escrow instructions, now you have someone else to fill out paperwork for, that is your hopefully your good friend the escrow officer.
Then if you are a NORMAL first time buyer, you start writing letters. why this, why that, your thinking who cares, well the loan underwriters do.
Make double, triple, quadruple sure you are on top of all the paperwork chasing you are doing for the loan.
You will hear, we passed termite and septic or not. Deal with that, more paperwork if there is a problem.
WOW!!!!!!!! You are still here.
SO FINALLY someone calls and says, come in and sign docs. That's the huge stack of paperwork that has scary things in it, like how much you will pay if you make 30 years of loan payments. Four little letters that really mean sign 4 feet it seems of paperwork. Good news is your about done.
These could be some really long long days, are you packing yet, I hope so.
Time to do the final walk through.
Next you'll hear the loan funded. I'm sure you are thinking I should have mentioned keys at some point right.
Now are all the loan conditions met? Everything fixed? Everything signed? This is no time to be losing sleep, you are moving soon. Now in a day or more....
Get ready, get set...........the words you have been longing to hear.
"YOU RECORDED!"
THEN you get your keys! Congratulations! You are now a home owner.
Ps The good news is the second one is less painful.
another article about the housing bubble, this summed it up pretty well.
http://finance.yahoo.com/banking-budgeting/article/105782/How-We-Got-Here-It-Is-Housing-Stupid
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