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: [...]
Here’s an update the history of home prices in Broken down by home price tiers. I’m pretty surprised that there wasn’t a bigger increase in the first quarter of 2013. I guess most of the bidding wars have been more recent and the numbers will jump in Q2. Danville Home Price Tiers Here is the [...]
It won’t show in the data yet because the “pendings” haven’t closed. Many are closing for 100K or more over their asking prices, pushing the market price of properties in Lafayette, Moraga, and Orinda up above the previous 2006-2007 peaks. Lamorinda home prices are officially at all-time highs. Some examples… Orinda: Ivy Drive Area 231 [...]
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 [...]
