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Is short sales helping the housing market?

Harpreet Singh (Broker) , Western Singh Homes: Real Estate Broker in Modesto, CA

We have seen lot of homes went from foreclosure stage to short sale since end of 2009. Their has been surge of short sale properties in market, where 65% of all properties are for short sale specifically in Central Valley, CA. Are these propeties are making better the market or worse?

If we can see from sellers's side then the short sales have helped sellers to save them from big hands of banks where in past couple of years sellers were crushed by banks by foreclosures mostly. Now the sellers got something to imporve their credit or life on sooner. Also the incentives with HAFA program has also helped to moving costs, so seller don't have to take all burden in this hard times.

But on other side through short sales, buyers and their agents are somewhat frustrated by the slow moving process of short sale where it takes 6 to 8 months for a normal short sale deal to close. In addition, there are many lender side suprise in the middle of the deal which always make this process uncertain mostly. Therefore, buyer representatives are always in fear of losing their clients becasue of this dealys.

Also on sellers side, it gets diffcult to get approved first with tons of paperwork and 3-4 months of time for approval. As sellers are already passing through diffcult times and now they have to face with this paperwork and more delay. Most of the times, the buyer back out problems are disastorous in any short sale where you have spent 2-3 months of your time approving the buyer offer. Now recently we have seen some progress by Bank of America to decrease that time in reapply for new buyer's offer after previous buyer backed out. But still there are most of the possibilities/loans which can;t be covered with that. This program on works if you have an active back up offer and buyer is willing to take action rigth now.

Overall, the short sales are good for the housing market specifically for Central Valley, CA so we have at least stopped the bank owned properties signs in our market. But their should be much more to do in terms of having some certainity and stability in the short sale approval process by lenders.

Please let me know your comments!

An Online New Year's Tradition

Julia Hull - Realtor Modesto, California: Real Estate Agent in Modesto, CA

An Online New Year's Tradition!!

Have you ever heard the saying  - If your house is clean going into the New Year that it will be clean All Year!

Or How about - If you have money in your pocket going into the New Year you will have money throughout the Year!

Well, the house is almost done and Benjamin Franklin is my pocket.

Now what about the people around you? Are you surrounding yourself by friends and family? People that want the best for you? Positive and uplifting individuals? With more and more time being spent in Social Media I have to ask  - Who are you surrounding yourself with online? Maybe it is time for a New online New Year's tradition. A tradition that surrounds you with successful business professionals.

My gift to you is a Lifetime membership (Free, yes free) to a Community of business professionals that strive to assist each other in making the perfect connection.

You will be able to write Blogs, Share Events, Polls, Article submission, Classified Listings, RSS feeder, Video Introduction capability, Business category directory, Create Groups, Join the Perfect Networker Alliance and NO connection limitations. As the Community grows the list of possibilities grow with it.

Bring in the New Year as a Member of Perfect Networker!! The title alone is...well....Perfect!

Start your profile before the end of 2010 to receive your Lifetime membership. Please feel free to pass along to your friends the Online New Year's Tradition so that they may surround themselves also with Successful Business Professionals!

CREATE YOUR PROFILE

Cheers and Blessings for the New Year

Julia R. Hull

Perfect Networker Connector

REALTOR®

Your Real Estate Connector serving the Central Valley of California.

Passion for Real Estate Industry combined with

Love for Historical area of Hometown Modesto.

California Real Estate Mart, Inc.

209-604-5028

 

 

 

 

December- 2010 Housing Trends

Julia Hull - Realtor Modesto, California: Real Estate Agent in Modesto, CA

DECEMBER-2010 Newsletter Housing Trends eNewsletter

Are you keeping an eye on the Market???

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the DECEMBER-2010 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the
Home Evaluator link for a free evaluation report. The best option...simply call 209-604-5028

Julia R. Hull

REALTOR®

Your Real Estate Connector serving the Central Valley of California.

Passion for Real Estate Industry combined with

Love for Historical area of Hometown Modesto.

California Real Estate Mart, Inc.

209-604-5028

Duarte Poinsettia Farm

Julia Hull - Realtor Modesto, California: Real Estate Agent in Modesto, CA

 

Duarte Nursery in Hughson California has me absolutely Intrigued!!

 

Did you know that there is 30 different varieties of Poinsettias? I simply had no idea. Every year during the holidays I have driven by Duarte greenhouses but never stopped. I did not know until recently that it was open to the public. You have to understand that the greenhouses don't look like the standard neighborhood nursery greenhouses. While driving along side them it is a flood of Christmas colors so incredibly vibrant. Can you imagine 60,000 Poinsettias? For those who are not familiar with the area the nursery is located near Modesto in the Central Valley of California. Duarte Nursery, Inc. is the largest permanent crops nursery in the United States.

Now that I know this well kept little secret it only seem fitting to share.

On November 20th, 2010 Duarte Nursery will open their doors at 8 a.m. I intend to be there to pick very own Poinsettias out of the Sea. Hope to see you there.

November 20, 2010 - December 25, 2010

Duarte Nursery

1555 Baldwin Road Hughson, Ca

Hours are Mon - Sat 8 a.m. - 5 p.m. & Sunday 10 a.m. - 4 p.m.

209-531-0351

Check out the website for prices and about their Poinsettia Fundraiser

Imagination can't quite grasp it all....it's okay. There are pictures on their Facebook Fan Page

 

 

 

REALTOR®

Your Real Estate Connector serving the Central Valley of California.

Passion for Real Estate Industry combined with

Love for Historical area of Hometown Modesto.

California Real Estate Mart, Inc.

Graceada Park Neighborhood Homes For Sale

209-604-5028

The Queen Bean Food 4 Music

Julia Hull - Realtor Modesto, California: Real Estate Agent in Modesto, CA

The Queen Bean 

5th Food 4 Music

 

Friday November 19, 2010

5:30 p.m.

The Queen Bean will be hosting an evening of music to help The Modesto Gospel Mission this year.

1126 14th Street, Modesto, Ca

Music for the Evening -

Badwater 5:45 - 6:45

Braata 7:00 - 7:45

Aaron Durr 8:00 - 8:45

Wicked Hickie 9 - 10

Admission: 3 cans of food & or any 2 non perishable food items & or,any type of pet food also. The pet food will go to the Stanislaus County SPCA.

Thank you Queen Bean

 

 

 

 

 

REALTOR®

Your Real Estate Connector serving the Central Valley of California.

Passion for Real Estate Industry combined with

Love for Historical area of Hometown Modesto.

California Real Estate Mart, Inc.

Graceada Park Neighborhood Homes For Sale

209-604-5028