Take a moment to write your Congressman about this important measure! You have heard local Realtors(r) talk about what a different the first time home buyer tax credit has made.
It is set to expire on November 30th, 2009 further fueling the local first timers frenzy to open and close escrow by November 30th. In Fullerton, there is NO INVENTORY in this price range and most first time home buyers are at a complete stand still watching the few homes that are on the market get bid up over what AN APPRAISAL WILL SUPPORT!
Congress, give our first timers a chance to keep fueling the economy and even more importantly; GIVE IT TO ALL BUYERS! The "move up" market continues to suffer locally and it may free up some that are on the fence about taking the leap to the move up home that they would like to get into!
Look at the numbers for Fullerton for the starter market (homes below $500,000):
Let's free up some starter homes by giving the incentive to the move up buyers too!
REALTORS AND BUYERS, WRITE TO YOUR CONGRESSMAN!
Click Here to Take Action!
The other day I posted a blog and a graph about what is happening with inventory in Fullerton. Fullerton Real Estate - Supply and Demad - The Facts. The fact is; it has decreased. Someone asked a great question in response and it was, "What are the home prices doing in Fullerton?" Great question, here is the answer, in graph form. (Funny, I think I might be becoming a graph person after all.)
Fullerton Home Prices Per Square Foot (All Homes Sold)
I don't have the option to list the actually prices in my software (source is the So. Cal. MLS) but you can see that the per square foot price has started to increase in Fullerton. This is for all price points.
After pulling these stats, I was curious to see what the inventory was like in the super hot price point of below $500,000 in the city of Fullerton.
The numers are shocking!
This graph (source So. Cal. MLS) indicates the inventory in Fullerton for homes less than $500,000. This is what is hot right now and you can see that there is practically no inventory and that the pending escrows almost equal what was was for sale! Wow!
And the price range for these? Here is the per sq. ft. for this price range.
Prices have started inching up. April was really a turning point in the area. People really started looking in the early part of the year and this is when the demand started to increase.
If you would liketo see the numbers for something more specific, let me know. I am kind of getting into these graphs!
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Cristal Drake – Fullerton Realtor (R)...At Your Service for all your Fullerton area real estate needs! Prudential California Realty - 714-423-7525. DRE#: 01272061. All information in my blogs is believed to be accurate but is not guaranteed. Copyright 2009 all rights reserved.
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If you regularly read my blog, you have heard me say it time and time again, "Inventory is down and homes are in demand". Well, for you graphs people, here is what it really looks like in our very own Fullerton, CA.
DEMAND IS UP
Properties currently for sale, pending sale or sold in Fullerton, CA from Aug. 2008 to Aug. 2009
HOMES NEEDED!
Qualified Buyers- especially first time buyers are having a tough time finding a home to buy. They are nearing the deadline to receive their $8,000 tax incentive and need to close by November 30th to receiv it.
Multiple Offers - Entry level homes in good areas are receiving multiple offers because of low inventory.
I am not really much of a stats and graph girl. I mostly write things the way I see them but I have to tell you what I am seeing here.
August 2008:
August 2009:
Right now banks are slow to foreclose and this is keeping new inventory from coming on the market. Meanwhile, buyers are frantically trying to open and close escrow before November 30th, 2009.
Most of the homes on the market are higher end homes. This makes it a great time to move up!
If you are thinking of selling, are just curious about what your house is worth or have questions about the market, give me a call. Even if you are behind on your mortgage, there are options!
Most Orange County cities are faring right about the same but if you have questions on any other city, let me know!
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Cristal Drake – Fullerton Realtor (R)...At Your Service for all your Fullerton area real estate needs! Prudential California Realty - 714-423-7525. DRE#: 01272061. All information in my blogs is believed to be accurate but is not guaranteed. Copyright 2009 all rights reserved.
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You have probably heard me talk about how tough it is for first time buyers to realize the dream of home ownership with a little piece of Fullerton Real Estate of their own. I have lots of buyers and with up to 30 offers (or more) coming in on starter homes in Fullerton (and all North Orange County for that matter) it is getting increasing difficult. So, I decided that I needed to get more aggressive for my buyers!
Dreading it or not, I figured I better start knocking on some doors and talk to the folks in the Downtown Fullerton area to see if they might be thinking of selling. So, last week, I started.
While walking the neighborhood, feeling bad about bothering people in their home, I was wondering how hot it was. It was around noon and I was sweating! Most people were pretty nice but not interested in selling. There was definitely a common theme; They loved Fullerton and their downtown neighborhood and were staying!
As I was nearing the end of my route, I spoke to a nice lady that is in the process of getting her loan modified. I was so relieved to hear that she did not spend thousands on a loan mod company! She was so sweet and her husband had been injured on the job. His disability was not enough to cover the bills and they were falling behind. Stories like this are heart breaking. There are options and I gave her a few and hopefully the mod will work for them.
Next door, a man was standing in his front yard so I gave him my information and had a little chat with him. He said he was a real estate broker and of course that meant he wouldn't be interested in listing his house with me. "But", he said as he looked me up and down, "You have something else I might be interested in"... and let me tell you that he wasn't offering me a position in his office....UGH. Creep.
All and all nothing has come out of it yet. Other than the creep and 100 degree plus weather, it really wasn't all that bad. Folks in Downtown Fullerton are pretty nice and if you are friendly and to the point, they are willing to talk to you.I will be going at it again this week so if you see me coming, don't worry, I am not a pushy peddler, just a Fullerton Realtor doing everything she can think of to try to get her buyers into a home!
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Cristal Drake – Fullerton Realtor (R)...At Your Service for all your Fullerton area real estate needs! Prudential California Realty - 714-423-7525. DRE#: 01272061. All information in my blogs is believed to be accurate but is not guaranteed. Copyright 2009 all rights reserved.
Receive my blogs via email! Click here:Subscribe in a reader
Calling Dancers of all Ages!
One of Southern California's best Nutcracker performances will be at Fullerton College on December 18th, 19th, 20th. This is a traditional production created by two ex-principle dancers from the Moscow Classical Ballet.
Auditions will be held Saturday, September 12th
Performance Dates: December 18th, 19th and 20th
For more information, contact vandtdance.com.
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A service oriented Realtor that loves to help people buy or sell real estate & to save Fullerton, Brea, Anaheim, Placentia, Yorba Linda & North Orange County Residents from foreclosure. ID: 01272061
Having had the entrepreneurial spirit since I was 10, I acquired my first paper route. I quickly learned that be being service oriented and making sure my customers were taken care of, made all the difference in my success in sales. Over the years I have made customer service a key part of my sales campaign in any item or service I sold. My rather colorful resume includes being a body wrapping sales, Sales for a Singles Expo and even selling refrigerator magnets!
I have been a licensed Real Estate Agent since 1998 and have spent the last 12 years in Advertising, Mortgage Consulting and Residential Real Estate Sales. These traits serve me well because I know how to market homes and make sure deals close!
Being Certified Distressed Property Expert means that I am well equiped to help distressed home owners that may be facing foreclosure. There are options if you are under water and I am here to help!
Living in Fullerton gives me great insight to this wonderful city and the surrounding areas. I love helping people find the perfect home or to help them get their home sold quickly for the highest possible price. Since I am experienced in listing and selling bank owned properties as well as regular equity sales, I can handle just about any transaction. This means that you have an agent that has your best interest at heart and knows how to get the job done!
Simply, I believe that if you provide outstanding service, know your product and do what you say you will, then the sales and happy clients will follow.
"I knew from the first time I spoke with you that if the bank went with your offer, we would have a successful and smooth transaction. You are very professional and great to deal with. Even with our few hiccups, everything went so well. I hope your buyers are extremely happy with their purchase. I look forward to working with you in the future, and hope our paths will cross again." Alisa C. - Quantum Realtors
"Thank you so much, we asked for the near impossible and you stuck with us and found a great home for us. Thank you so much for all of your hard work and your amazing attitude. You really helped me thru the tough situations and this crazy experience of buying our first homeJ You are so great!!! And I am a home owner!! Woohooo!!! " Nicole S. - First Time Home Owner
"I have been working with my agent, Cristal Drake for almost 8 months now! She has been the most patient, caring person I have met in this industry. In reality all the other agents in her office that I have met so far are. Usually agents I have dealt with in the past just want to get you in a place so they can collect their commission. But Cristal is the total opposite of that. We finally found my new home and I am ecstatic! I am losing an agent but have gained a friend." - Yanne
"Dear Cristal, I want to thank you for your hard work and kind assistance. I am also most impressed with your professionalism and expertise. Quite a pleasure working with you, and I wish you great success in your carreer." Cadre D.
"Cristal is such a great, energetic and giving agent! She really cares that her clients be comfortable with the work environment she creates and makes every effort to help them realize their goals and dreams. From the mortgage broker standpoint, she's clear and concise about the status and terms of her sales contract and makes it very easy to put buyers into appropriate programs. She's a great partner to work with and a very valuable addition to the RE/MAX family - Alicia Wingate
"I have known Cristal for well over 10 years. She has ALWAYS operated with the utmost integrity and top quality customer service. Now that she is a realtor she will definitely be my "go to" girl. I know I will be treated with respect and honesty." - Trisch Wheeler
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