Home Sellers 
There are currently 5 blog entries related to this category.
Bank of America Starting a New Trend
Friday, April 20th, 2012 at 11:45am. 158 Views, 0 Comments.
Bank of America recently announced that it is revamping their short sale process and are projecting approvals within 20 days. That is a significant change from the current 3-4 months average for short sale approval. Rumors of other banks joining this movement are also prevelant. Hopefully the tide is finally starting to turn on these challenging sales.
Pending Home Sales Climbing
Tuesday, April 3rd, 2012 at 9:06am. 158 Views, 0 Comments.
Here is a great article from the California Association of Realtors showing that pending sales are increasing in California while the number of bank owned and short sale properties are decreasing. In fact, this article shows that the bank owned inventory has dropped 24% in February compared to the prior year and that short sale inventory has dropped 17%. Locally we have seen this lack of inventory begin to bring back bidding wars on desirable properties. Just this week I called on one house that already had 19 offers in. Our market is on the cusp of switching back to a seller's market. The good inventory is not lasting long. For more information read the full article:
http://www.car.org/newsstand/newsreleases/2012releases/feb2012phsi
The New "Normal" of Fresno Real Estate
Wednesday, December 29th, 2010 at 2:15pm. 1195 Views, 1 Comments.
The latter half of 2010, in regards to Fresno County real estate, can be summarized in one word – Steady. A new “normal” has descended upon the Central Valley in terms of home sales. After the gulp-inducing rollercoaster ride of highs and lows in home buying during the past five years, this new reality of reliable and predictable pricing offers a certain appeal.
So, what is this new normal for Fresno and Clovis, CA? Selling prices have barely budged in the past six months with a high of $95 per sq. ft. and a low of $93. The average property selling today in Fresno County is a 3 bedroom, 2 bathroom home of approximately 1,700 sq. ft. selling for about $172,000. That is true whether you bought the house today or six months ago.
ForeclosureGate - Legit or a Blip?
Sunday, October 17th, 2010 at 4:04pm. 1050 Views, 0 Comments.
Flooding the news this week are announcements of new and existing foreclosures being suspended due to national attention regarding the legality of lender’s review of paperwork and transfer of title. Attorney Generals in all 50 states have launched investigations regarding lender’s foreclosure proceedings.
Every state processes foreclosures differently. Unlike California, many states require judicial review of foreclosure proceedings. Allegations have surfaced in 23 states stemming from the involvement of the court system and the associated documentation and transfer of title.
So what are the allegations?
Lack of Review of Foreclosure Documentation and Possible Forgery
Law firms in these 23 states review foreclosure documentation in…
Craigslist Real Estate Scams
Sunday, July 18th, 2010 at 2:48pm. 930 Views, 0 Comments.
May 2010 --
As with any form of free online advertising, Craigslist.org provides a perfect vehicle for scammers to prey upon people searching for real estate. These scams are now taking on a disturbing level of sophistication. Scammers are now copying descriptions and pictures of active homes for sale from public real estate sites such as realtor.com, trulia.com, and others. Those homes are then re-posted as rental properties on Craigslist for low monthly rent. The actual name of the seller is used (most likely obtained by public tax assessor records) but with a false email address.
Recently, a client was shocked to learn that his home had been posted for rent on Craigslist when he discovered prospective renters exploring his…