These are all the Blogs posted in July, 2008.
Wednesday, July 2, 2008
Pictures May be Worth Thousands of Words - But They Don't Replace Real Estate Agents
As many GreatWest GMAC Real Estate clients have learned in the last few years, technology and the Internet has dramatically empowered them in their quest to buy and sell real estate. There is a wealth of websites available, where buyers can conduct their own searches for homes. Many buyers (and sellers too) begin their search, before contacting an agent, and some continue to search, on their own, even while working with a real estate professional.
Internet consumer searches are done in much the same way, as real estate agents. Search parameters (towns, price range, number of bedroo... Read more
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Wednesday, July 9, 2008
5 Common First-Time Homebuyer Mistakes
5 Common First-Time Homebuyer Mistakes
1. They don’t ask enough questions of their lender and miss out on the best deal.
2. They don’t act quickly enough to make a decision and someone else buys the house.
3. They don’t find the right real estate professional who is willing to help you through the homebuying process.
4. They don’t do enough to make their offer look good to a seller.
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.
Reprinted with permission from Real Est... Read more
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Thursday, July 10, 2008
MLS Statistics Through June 2008
Here are the MLS Statistics for June 2008. GreatWest GMAC has added the graph feature. The data is compiled by the Sacramento Association of Realtors:
... Read more
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Monday, July 14, 2008
Latest Six Months - Through June
The graph linked below tracks the last 6 months of Listing & Sales data in our local area, It is encouraging to note the numbers of properties listed became reduced, while the numbers of pending sales, and closed escrows has gone up.
Visually, the improvement can be seen. If not a robust market - it surely appears the worst has leveled off, and some improvement is being shown.
... Read more
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Saturday, July 19, 2008
How to Best Sell Your Home
Now more than ever before, Sellers are asking GreatWest GMAC Real Estate professionals, “How can I sell my home for the BEST PRICE, in the SHORTEST AMOUNT OF TIME, with the MOST FAVORABLE TERMS?”
It is imperative that the home be PRICED RIGHT. . .from the start!
There are many things that affect the value of a home, and in today’s market it’s even more important to be sure to price your home right.
The ECONOMIC CONDITIONS are one of our biggest factors affecting pricing today, which has an impact on SUPPLY AND DEMAND, but you also need to take into considerati... Read more
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Saturday, July 26, 2008
Congress Passes Housing Rescue Bill
It appears Congress has passed a housing rescue bill today hopefully saving 400,000 struggling homeowners from foreclosure. Although President Bush had originally threatened to veto such a bill, it appears he is expected to sign this measure quickly.
The legislation was passed by the Senate vote of 72-13.
Homeowners, who are unable to afford their current monthly payments will be able to refinance with more affordable government-backed loans, rather than lose them to foreclosure. Fannie Mae and Freddie Mac will be provided a temporary financial lifeboat by this bill, and i... Read more
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Monday, July 28, 2008
Interesting Resource on the Sacramento Bee Website
The Sacramento Bee has an interesting resource on their website at the web link below.
You can input a zipcode, and receive the demographics for the number of Home sales, population, households, crime and even the weather.
Inputting any of the greater Sacramento area zipcodes, provides informative statistics for the various communities.
Check it out!
... Read more
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Wednesday, July 30, 2008
President Signs Important Housing Bill
President Bush signed the housing bill this morning, ending any minor speculation that he in fact would!
It is hoped the action will provide mortgage relief for 400,000 homeowners struggling to retain ownership of their homes. It is also hoped that it will assist in stabilizing financial markets.
As reported by California Association of Realtors and other publications, this bill permanently increases the conforming loan limit to $625,500. In February, the Economic Stimulus Act of 2008 was signed, temporarily raising the conforming loan limit in high-cost areas to $729,750 fro... Read more
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