If you are not a US Citizen trying, it can be a long and difficult road to obtain a mortgage. Many lenders won’t makes mortgages to people who don’t have social security numbers or permanent work stability. For the purposes of getting a mortgage, US Citizens and Permanent Resident Aliens are the same, with one [...]
Our MLS system allows us agents to save search templates. One of mine that I check often is a quick search of short sales and REOs for sale in Pleasanton, Dublin, Danville, Blackhawk, Alamo, Diablo, Walnut Creek, Pleasant Hill, Lafayette, Moraga, and Orinda. My neck’s of the woods. This morning produced the lowest count I’ve [...]
Here’s a quick snapshot of the supply of homes for sale in Danville, Alamo, and San Ramon Supply of Homes For Sale in Danville: Active: 85 Pending: 149 Sold in March: 54 Supply of Homes For Sale in Alamo: Active: 53 Pending: 46 Sold in March: 15 Supply of Homes For Sale in San Ramon: [...]
Consumers shopping for a mortgage typically concentrate on attaining lowest possible interest rate. Rates have risen slightly in recent weeks as a more exuberant stock market has taken shape. Current consensus points to more consumers entering the mortgage market, motivated to take action, as a result. Factors At Work The financial markets, jobs data, and [...]
Escalation clauses are making a come back in this market. What is an escalation clause? Well, it is an addendum to attach to your purchase offer…. Lets say you are offering $250000…..you find out there is multiple offers, you want your offer to automatically escalate up if a higher price comes in….But how do you [...]
With more home buyers entering the market, competition increasing, driving prices in most pocket areas up, consumers begin to place more emphasis on sustainable payment over time considering they could be paying more for the property than anticipated. Such real estate market conditions are also causing many buyers to switch mortgage loan programs during the [...]
HOW TO EFFECTIVELY PRICE MY HOME FOR SALE? This one’s going to be short but sweet, with deeper explanation of each point to come in a future post. Combining this list with a comprehensive description and explanation of each bullet point is better suited for a book than a blog post. We’ll take ‘em apart [...]
