By Don Dunning | May 31, 2009
About two weeks ago, my buyers made an offer on a home where they were in competition. They did not get it. I just got a call from the listing agent. Seems the accepted offer is falling apart and she is wondering if my buyers are still interested. This is a classic situation where the […]
Read MoreBy Don Dunning | May 27, 2009
Realtors from throughout California, myself included, will be meeting in Sacramento next week for mid-year meetings. Highlighting those sessions will be the June 3rd gathering to make it loud and clear which legislation is on the “oppose” list. Some of those bills, with explanation from the California Association of Realtors (C.A.R.): SB 407 (Padilla) Point-of-Sale […]
Read MoreBy Don Dunning | May 25, 2009
After speaking with homeowners who would like to sell, I’ve observed that many are relying on assumptions that once might have been true, but may no longer be valid. The big question is: What if waiting, as opposed to selling now, turns out to be a mistake?
Some are thinking that the local real estate market will be a lot better within the next few years. If you are one of those waiting for the market to “turn around,” how will you know when that time has arrived?
Read MoreBy Don Dunning | May 23, 2009
Interest rates are at near-record lows, but actually getting those loans is more of a chore than I can remember. This is so because, after years of granting mortgages to anyone who could fog a mirror (and a few who could not), many banks have become incredibly more restrictive. Due to well-intentioned legislation intended to […]
Read MoreBy Don Dunning | May 13, 2009
According to a CNNMoney.com article today, “Foreclosures: April Was a Shocker,” U.S. foreclosures were much higher than projected, exceeding even March’s torrid figures with 342,000 homes in financial distress. In March, a record one of every 374 homes in America received either a notice of default, auction notice or was in the process of bank […]
Read MoreBy Don Dunning | May 10, 2009
Just this morning, I took these photos in our garden to share with you. Happy Mother’s Day!
Read MoreBy Don Dunning | May 3, 2009
According to a recent L.A. Times article, “The Obama administration, stepping up efforts to stem foreclosures, will offer lenders and homeowners incentives to cut payments on second mortgages, write down balances on first mortgages that are underwater, and repay loans in a timely fashion.” About half of all distressed first loans are believed to also […]
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