Have you heard the buzz about staged homes? They're out there and they are just one more handy thing in our home-selling toolbox. Its true that a staged home often will sell faster and many times get higher premium that at least covers the cost of staging.When staging just isn't cost effective or
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05/07/2007
I've just been made aware of an ugly scam that is affecting a lot of people in Southern California and other places. This is an insidious scam that takes advantage of the turbulent finance environment.Consumer advocates and Mortgage Brokers (the reputible ones) are warning of this fraud where som
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05/02/2007
Some good news for the California Real Estate Market: Almost 40,000 homes were sold last month, an increase of nearly 30% over the previous month. The median price is up 3.0 from last year and the average mortgage payment was 2,230 last month.According to DataQuick, foreclosure activity is still
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04/30/2007
In exchange for something of value (consideration) the right given to a party (optionee) by the owner of a property (optionor), to purchase or lease property within a specified time.The option is a pre-arranged, written agreement between an owner and a prospective buyer that states the right to p
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04/27/2007
Do you think you've lost your chance to own a home in Long Beach? I'm here to tell you not to give up yet. There are programs in place for first time homebuyers that help you own your own house or condo. These programs are sponsored by the California Housing Finance Agency.There are numerous pro
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04/24/2007
Within the last 2 years, the IRS has been allowing taxpayers to mix the rules applied to the sale of their principal residence and those of IRC 1031 tax deferred exchanges. A welcome turn in this market where homes values have skyrocketed upward and produced gains well above the current $250,000/
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04/21/2007
In March, 2007 there were 239 single family residences sold in Long Beach. The number of Condo units sold was much lower at 72.The median price of condos dropped in every area except neighborhoods in the 90807 and 90808 zip codes which saw increases. The biggest drop was a 28.4% decline in median
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04/16/2007
You've spent every weekend visiting open houses. You've put in hours researching properties and the marketplace. You've carefully reviewed your finances to see how much you can afford. And after all that, you think you may have found "the one." Now, how do you know if you should make a bid? First
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04/16/2007
Yesterday, Bankrate.com reported a slow climbin interest rates. The 30 year fixed was 5.77up from 5.74, while, the 15 year fixed rateshowed a similar increase to 5.52 from 5.49.Adjustables still don't look good when comparedto their fixed-rate older brothers.And another popular real estate siteha
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04/14/2007
Southern California's median price continued its upward movement, cresting the Half-Million Mark. The median has risen nearly 5% since this time last year, for the 6 county area. The median price is the middle price of resale home's where half are sold for more than the middle price, and the othe
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04/13/2007