I haven't posted in a while due to going to C.A.R. in Sacramento so here is a little something for you Repo Tours.com members:

Originally Posted On My Site

Let me start this entry off by saying that C.A.R. (California Asssociation of REALTORs®) was very informative and there are many things going on right now in the industry. The most important news I pulled from the Convention was about HR Bill 3221 and Senate Bill 3221. These started as energy bills and foreclosure prevention was added as a "rider" (Definition Here) The House Bill will raise FHA limits to 729,000 and about 750,000 in high-priced areas of California. The Senate would raise the limits to only 550,000. There will also be 6.5 million dollars alloted to attorneys who specialize in foreclosures! Now this is another tricky ... Read More »

    I was showing property this past weekend and my client expressed concern that “I really like this home, but man I’m worried about recession and gas…Oh MAN gas…they’re saying that we’re looking at seven dollars a gallon by the summer and then ten!” There wasn’t much I could say…except “I know that recession is technically two quarters of no growth or negative growth and so far we haven’t had that.” My client had a valid point, but 7 dollars for gas is crazy…Is it possible for it to become this extreme of a situation? Personally I don’t think so, for the fact that it would break the economy not here in the United States, but also in Britain.  But, how are high fuel prices affecting REALTORS® and the Real Estate Marketplace? Is it causing REALTORS® to prospect less and work more from home? Are buyers and homeowners worried about ... Read More »

The entry is also cross-published on my site: www.therealestatefrontlines.com

I’ve continued to say on this blog and throughout the website that I felt that the market would begin to stabilize, especially as we head into the summer purchasing season. I also said that the media glorifies the negatives, instead of praising the positive. (Read the Blog Post Here) Well when they have some great news about home sales, there is no way they wouldn’t and couldn’t share it. So with that being stated, statewide we saw a growth of 2.5%, but in the Inland Empire the growth was 33%. These numbers are compared to those from last year at this time. It was the first time in over 30 months that we have seen an increase. Read More »

    I’ve discussed prequaling a lot in the past few weeks because I think it’s an important process. It saves the REALTOR® time, the client, the lender…EVERYONE!  I was speaking with a loan officer a few weeks back and he told me “These agents who aren’t prequaling people are really frustrating me, because they are expecting us to work some kind of miracle when the people can’t afford the homes they’ve been showing them!” How true…Buyer’s have told me “I was prequaled for 250k and I was told by Agent John Doe that I could buy up to 400k.” So with these completely wrong actions practices and ideas going around I thought it would be good to clear a few things up.
    If you prequaled at 250k, that’s the range that you need to buy at. You can look and something 5-10k over that price and gauge how you’re going to work it into your negotiat ... Read More »

    When I originally wrote this article it was for my own personal site and it was titled "What to Do After You Prequal?" When reading through the list of things I've suggested check out how many are done for you by signing up for the Repo Tours. So what should you do after you prequal....SIGN UP FOR THE REPO TOURS!

Here's the article from www.therealestatefrontlines.com:

     Well, I’m an equal opportunist and an avid Men’s Health reader…You’re probably thinking that there is something wrong with me for starting my entry with that sentence, but I must tell you it will all make sense. The previous post was a guide for homeowner’s on making improvements to their homes that would bring value. And in this ... Read More »