FHA cambiara sus Reglas una vez mas. lo que hasta ahora sabemos es lo siguiente: 1-. la contribucion maxima permitida por parte de los vendedores sera reducida del 6% a 3% 2-. enganche se mantentra en 3.5% si su puntuage de credito es de 580 o mas y aumentara a 10% si su puntuage es menor a los 580. 3-. la contribucion inicial para PMI sera aumentada del 1.75% a 2.25% pero seguira podiendo ser incluida y financiada en su prestamo. Todos estos detalles seran dados a conocer proximamente segun lo anuncio el comisionado de FHA. este mas pendiente para informacion oficial.
As each new year rolls around, we are inclined to make a "new year's resolution," and decide that this is the year that we will actually stick with it. Resolutions normally consist of weight loss goals,exercising, eating healthier, or quitting bad habits such as smoking or drinking. While these resolutions are certainly important, why not make a second resolution, one that not only impacts you, but your family,work place and community? This year, do something different. and specially if we are in Real estate and have to be aware of our surroundings all the ime. Read the attached link and make a resolution not only with yourself, but with others to practice crime prevention and personal safety in yourcommunity. this likn was sent to me by my neighborhood watch officer but I'm sure thi...
A partir del 1ro de Febrero del 2010 si usted compra una propiedad y la quiere vender inmediatamente y que sea financiada FHA ya no tendra que esperar los 90 dias que eran requeridos, usted podra entrar en contrato el proximo dia de cerrar su escrow si asi lo desea. esto le ayudara a ahorrar dinero en intereses si es que habia obtenido un prestamo o le ayudara a reinvertir su dinero mas rapido. para mas informacion contacteme.
Have you ever heared this before?... well not exactly, but that's what they mean basically when you get an assignment to do a BPO and you call to set up the appointment and immediately you find out that is an investor Trying to buy the property, How can you tell, you might ask, well, they very nicely tell you that they will meet you at the property and they will bring with them some comps that might help you and also a list of repairs because this property needs a lot of repairs, and I need to take that into account. when I get to the property, I take what they give me and never argue, but just by looking at the property and looking at the list of repairs I Know I have to ignore the information they have just provided me if I want to do a fair Valuation so here is my BROKER OPINION O...
Most of us Know the risks associated with going in to high crime or high risk areas to show properties, but this risks increase for those of us doing BPO's or inspections to properties that are occupied and where the occupants have no idea what we are doing. some times this occupants are hiding from the law, some are cheating on their spouses some are on disability, all this people will react when they see you taking a picture of what they perceive to be, "at them" and may think that you are spying on them and some will react violently. Some tips on what to do. 1-.Drive by the property and evaluate the neighborhood before getting your camera out. 2-.do it early in the morning whenever possible. 3-.if the occupants are outside, stop and identify yourself, explain what you are doing wit...
The Critical Role of the Realtor® in the Real Estate Transaction Why Was This List Prepared? Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction. At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional knowledge and just plain hard work that go into bringing about a successful transaction were understood and appreciated. Many of the most important services and steps are performed behind the scenes by either the REALTOR®or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities to the client. But, without them, the transaction could be placed in jeopardy. This publication seeks to close that gap. List...
By Robert Savage, Bakersfield Short Sales, Property Management, Cash
(Bakersfield Property Solutions)
How Many homes are for sale in Bakersfield, California? Here are some statistics from the Bakersfield Assocaition of Realtors MLS as of 11/2/2009. These numbers include single family homes for sale in Bakersfield as listed on the MLS. They do not include multi-family homes or homes in other parts of Kern County or homes that are not listed on the MLS. Total listings marked as "active": 1237 Total listings marked as "contingent": 678 Total listings marked as "pending": 1290 Here is a breakdown of the active listings. (These numbers are approximate because it is not uncommon for some REO agents input their listings incorrectly): Number of listings marked REO (bank owned): 282 Number of listings marked "Short Sale": 361 Click here to search for Bakersfield homes for sale. For more infor...
Per DQnews.com, property values in the City of Bakersfield has declined -45.63% in the past 12 months from Feb. 2008 to Feb. 2009. A typical monthly decline can be estimated at approximately 3% per month depending on the location of the property in Bakersfield, CA. It appears the housing market in Bakersfield, CA has hit rock bottom. What do you think of the Bakersfield, CA Housing Market? For more information about lowering your property taxes in Bakersfield, CA or the current housing market trends feel free to check out my local real estate appraiser websites www.kerncountyappraisal.com or www.getnorthstar.com.
4 Bakersfield Real Estate AUCTIONS January 28, 29 & 30! Trust Liquidation Sales Buyers Can Determine Prices!! Wednesday, January 28, 2009 - 11 am3615 Greenleaf Ct. Bakersfield, CA 93309 Move-in Ready... Completely Remodeled 3 + 2 w/ 1,491 sq. ft. North of Stockdale Hwy off of Real Rd. Thursday, January 29, 2009 - 11 am2330 B St. Bakersfield, CA 93301 Prestigious Westchester Area5 + 2 w/ 2,325 sq. ft. On the corner of 24th St. and B St. Friday, January 30, 2009 - 11 am2008 Lantana Way Bakersfield, CA 93306 Move-in Ready... Completely Remodeled 4 + 1 w/ mother-in-law unit - 1,604 sq. ft. West of Fairfax off of Niles Friday, January 30, 2009 - 2 pm1405 Sheila St. Bakersfield, CA 93306 Move-in Ready... Completely Remodeled 3 + 1 w/ 1,034 sq. ft. East of Morning Dr. off of Lexin...
By Miguel Garcia, Certified Default Advocate - Short Sales, REO
(Exp Realty Of California Inc)
Hello, Do you need help with your Short Sale? Well, I can help you in my coverage area. I serve the Bakersfield, CA area. I am a Certified Short Sale Professional, Certified Property Valuator, REO Default Certified Professional. The most important thing. (I had close Short Sales). Documents nessesary to Start a Short Sale: 1. Last 2 year taxes with W'2. If self employed 1099's with a letter from your CPA. 2. Last 2 months Paystubs. 3. Last 2 months Bank Statements. 4. Hardship Letter. (Explaining the reason of the hardship) 5. Financial Statement. (I will provide this sheet) 6. Listing Agreement. 7. Purchase Agreement. (We will need to get a Buyer fast).
By Gabriel Contreras, Real Estate Investor Entrepreneur
(REJVP - Real Estate Joint Venture Partner)
If you want to sell your house in the fastest, easiest, and most convenient manner, read this important message. You may discover the perfect solution... because we buy houses throughout the Kern County CA area! Selling a house is usually an expensive and complicated process. That's why real estate agents make thousands (sometimes tens of thousands) of dollars on a single sale. But, when we buy your house, there are no commissions to pay. And you certainly won't have to tolerate dozens of total and sometimes frightening strangers tramping through your home and poking through your drawers and closets. We (N-VestCorp) are associated with a group of private investors and we buy a number of houses each month throughout the Kern County CA area... and in every price range. But the best part...
By Gabriel Contreras, Real Estate Investor Entrepreneur
(REJVP - Real Estate Joint Venture Partner)
How to buy a new home without bank qualifying or a large down payment! Stop wasting your money on rent... or living in a house which doesn't meet your needs. Discover how to move into a better home now! Dear Homebuyer, Some people are tenants by choice. But most people would prefer to enjoy all the benefits of owning a home if at all possible. It can be the single most important investment you ever make. A lot of people's personal wealth is made up mostly from equity they've built through years of responsible home ownership. We believe buying a home should be at the top of your goal list. And, we have a number of homes for sale right now with flexible owner financing. Our unique approach to selling houses can help you achieve the reward of owning your own home faster and easier than g...
If defaults and foreclosures don't slow down, falling home prices won't stabilize anytime soon in Kern County. Notices of default have been steadily increasing since May of 2005, and foreclosures have been increasing since July of 2006. From May 2005 to July 2006, most homeowners in dire straits could probably either refinance with a little equity, or sell before getting upside down. In May 2005, there were 242 Notices of Default recorded. The following May there were 572. In May of this year, there were 1,272. More and more homeowners are falling behind which means we will continue to see the staggering number of foreclosures. Notices of Default have actually been slowing since April, but there have been short fluctuations over the past 3 years. If these continue to drop over the summe...
1031 Exchange and TIC Investment Property Seminar in Bakersfield, California We are rolling out a 1031 exchange and TIC investment property seminar on Thursday, June 12, 2008 in Bakersfield, California from 6:30 PM to 9:00 PM. Speaker You can learn the basics of 1031 exchanges from Steve Monk, vice president and regional manager, EXETER 1031 Exchange Services, LLC. There will also be a registered securities representative presenting 1031 TIC investment properties and more. Dinner Provided Dinner will be served. Attendees must be accredited investors. RSVPs are required. Learn more about TICs. Here is a recent interview conducted with a number of industry professionals regarding the state of the TIC investment property market: http://www.exeter1031.com/pdfs/California_RE_Journal_T...
So, where is the Bakersfield real estate market headed? That's a difficult question to answer because of the many variables that affect this market. Food and gas prices are increasing. We're headed into an election. Foreclosures are skyrocketing. We've probably seen the last of fed rate cuts. All other factors aside, the biggest affects on the local market right now is foreclosures and short sales which make up over 50% of the listings and sales right now. Lenders are getting more aggressive with pricing which is forcing everyone to lower prices to compete. Sale volume has been strong: there were 850 sales in Q1 2008 which is about the same as Q1 2007. Marketing times also remained similar: typically 2-4 months for competitively priced properties. Prices are a differenct story. The ave...
LEARN HOW TO ANALYZE SMALL INVESTMENT PROPERTIESFalling prices encourage investors TO BUY!!!! This is the first step in developing your investor niche. Learn how to analyze small investment properties from a before tax and after tax cash flow basis. You will learn how to evaluate the investment value of an investment property using Gross Rent Multiplier (GRM), Cap Rate, Cash on Cash Return. It is critical that you understand these elements if you plan on working investors. Sign up today for this free seminar. I've been told that this seminar is better than seminars for which realtors have paid $1500 - 2000.
Today, Friday March 21st, we had a Real Estate Caravan, and who should arrive but The Easter Bunny? Somehow, I never see The Easter Bunny and Sheryl Gallion of Ticor Title in the same place, and this has been going on since 1984?!?!?! The Bakersfield Real Estate Caravan looked at houses in Northwest Bakersfield today, between Allen and Coffee, North of Rosedale Highway. In other news, I found out that the LA Times only posts articles on the public website for a week, so all the links I have been putting in my Bakersfield Real Estate blog are getting broken. I am going to rethink my strategy. Also, I think my blog about taking Local Honey to stave off hay fever has had an effect, because when I went back to the store, all of the Sage and Orange Blossom Kern Honey was sold, and only the B...
March 17th, St Patrick's Day, and then two days later, the swallows return to Capistrano. Someone I know has a birthday on March 19th, so I incorporated a little of the Capistrano legend and lore into a birthday greeting. Did you know that the swallows fly all the way from Argentina? Legend has it that they carried twigs in their beaks, so they could rest in the water, using the twigs as little life rafts. Saw a great blog from the Real Estate agents of San Juan Capistrano, who tied the story into their observation that the buyers seemed to be returning along with the swallows. Though the evidence is anecdotal, and may even be apocryphal, here it is:When the Buyers Return to CapistranoThe next day I went to the luncheon sponsored by REPERs (Real Estate Professional's Educational Resourc...