Feb
15
Will conforming loan limit increase matter?
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals
Coldwell Banker Agent Kathryn Alesandrini comments on real estate in Malibu and adjacent areas
| title | comments | date |
|---|---|---|
| Will conforming loan limit increase matter? | 0 | Feb 15, 2008 |
| Sold 7612 Carmenita Lane | 0 | Dec 24, 2007 |
| One Hidden Reason for the Housing Slowdown | 0 | Dec 18, 2007 |
| Kathryn A's Commentary | 0 | Oct 24, 2007 |
| Kathryn A's Commentary | 0 | Oct 09, 2007 |
| Sold 660 Silverwheel Place | 0 | Sep 28, 2007 |
| Sold Listing at 3500 Decker Canyon | 0 | Sep 28, 2007 |
| Kathryn A's Commentary | 0 | Sep 19, 2007 |
| Kathryn A's Commentary | 0 | Sep 14, 2007 |
| Sold Listing at 1179 Aztec | 1 | Sep 13, 2007 |
Feb
15
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals
Dec
24
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals, Listings, California
I’ve just sold a Single-family property at 7612 Carmenita Lane with a beautiful pool overlooking a city lights view. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Dec
18
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals, Regional News, Malibu
Buyers and sellers need to reach agreement—they must achieve a meeting of the minds—in order for a house to sell. Increasingly, however, it seems that sellers are from Venus, buyers are from Mars. With so much conflicting information in the news these days, it’s easy to see how buyers and sellers can end up with completely different views on the housing market. The situation often leaves a buyer and seller at odds, unable to reach a consensus. Buyers end up walking away without making purchases; sellers take their properties off the market and wait for conditions to improve.
Buyers hear the daily barrage of bad news about sub-prime mortgages and the housing slowdown. A common response is, “If I just wait a few months, I’ll be able to buy that same house for less. Why pay more to get it right now.” This line of thinking is especially prevalent in
California where home prices are high relative to national averages and bad news abounds. On Friday, Gov. Arnold Schwarzenegger announced things were so bad that he plans to declare a “fiscal emergency” for the state soon.
Sellers hear a different drum beat. They watch the price of lumber rise, land values appreciate, and building costs soar. They intuitively sense that inflation is heating up. Again today, central banks poured billions into the banking system to bolster liquidity. Inflating the money supply sooner or later will inflate prices. Sellers respond by pricing their properties higher than recent sold comps. When a house sits on the market, I’ve watched sellers reduce an optimistic asking price to something more reasonable, but most sellers hit a wall when it comes to pricing their properties below recent comparable sales. They simply refuse to go lower.
The disconnect between buyers and sellers may continue until an undeniable trend emerges that everyone agrees on. In the meanwhile, asking prices in prime areas such as Malibu just keep moving upward and, despite all the bad news in the press, buyers are stepping up to the plate and paying higher prices.
Oct
24
Posted by Kathryn Alesandrini under For Buyers, For Sellers, General Information
Keeping in mind the bigger picture reminds us that interest rates are near historic lows. Couple that fact with motivated sellers and you get a great buying opportunity here and now!
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The Real Story….Behind the Mortgage Market By Betty Graham Nationwide, the number of foreclosures equals less than one percent (0.65 percent to be exact) of all mortgage loans, according to a Mortgage Bankers Association survey. That means that 99.35 percent of all mortgages are still sound. Source: www.mortgagebankers.org/NewsandMedia/PressCenter/56555.htm Rates are STILL historically low:
As of October 12, the average 30 year fixed mortgage was 6.78%. Source: http://www.hsh.com/mtghst.htmlIn addition, the high-end luxury market is active and appears relatively untouched by current mortgage issues. |
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Oct
9
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals, General Information
This article provides some interesting food for thought in light of the figures at left showing historically strong appreciation in the California real estate market.
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Tuesday, October 09, 2007
Editor’s note: Robert Bruss passed away on Sept. 26, 2007. This was one of the last real estate columns he wrote. Inman News is publishing Bob’s last work as a final salute to the nation’s most well-known real estate writer.
According to Craig Venezia, author of “Buying a Second Home,” there are three primary reasons for buying a second home: investment (rental income and market-value appreciation); getaway; and/or retirement. His new book explains all three motivations, along with their pros and cons, and how to combine them as the owner’s lifestyle changes.
The book begins by asking the reader, “What is your main reason for buying a second home?” Then it proceeds to explain seven steps for a successful second-home purchase.
Sep
28
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals, Listings, California
I’ve just sold a Single-family property at 660 Silverwheel Place with lovely pool next to open space. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Sep
28
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals, Listings, California
I’ve just sold a Single-family property at 3500 Decker Canyon in Malibu with serene ocean view. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Sep
19
Posted by Kathryn Alesandrini under For Buyers, For Sellers, Regional News, Malibu
Average selling prices continue to rise in the greater Malibu area as well as in the Los Angeles region despite the negative press about a falling housing market. The rate of home appreciation has fallen compared to recent years, but the ave sales price trend remains upward. Now is a good time to buy or sell in light of historical low interest rates and slower but continuing price appreciation.
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Monday, September 17, 2007
According to the media, now is one of the worst times to consider selling a home. However, although the national statistics don’t paint a rosy picture, some sellers are finding success in this market. It all depends on what you have to sell — house or condo, where it’s located, what kind of condition it’s in, and how well it’s priced for the market. Read full story
Sep
14
Posted by Kathryn Alesandrini under For Buyers, For Sellers, General Information
Here’s a solution for both buyers and sellers. Buyers get into a property for only 3% down–or less! Sellers get a property sold that’s been on the market a while. Now that’s a win-win!
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When home won’t sell, consider ‘rent-to-own’
Friday, September 14, 2007
You’ve been looking for months for your first home, or you want to upgrade to a nicer home in a better community. It’s a great time to buy a home, everybody tells you.
Finally, you find the ideal home for sale, which has most of what you want (there is no such thing as the “perfect home.”) Read full story…
Sep
13
Posted by Kathryn Alesandrini under For Buyers, For Sellers, For Realty Professionals
I’ve just sold a property at 1179 Aztec in Topanga with a panoramic mountain and city lights view. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
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