Herb Schmulewicz

Short Sales and Foreclosures are a great way to find a deal.

Buying or Selling

I also think you can find a standard sale and possibly grab a great deal too.

It's all about the agent.

Buy a Foreclosure, Buy a Short Sale, STOP!

The answer to finding a the deal, is finding an agent with passion, one who works hard and one who has knowledge. An agent has to have all the elements. Think about it. C'mon. All the elements.

I care and get excited about finding or negotiating deals for people.

It's like sports. I play to win. I strategize and I am a team player.

My clients and I are on the same team.

I've done short sales, I just sold a house using a short sale method and have two offers out on houses that are short sales. That's not what makes deal.

It's the caring, the passion, and the winning nature of a person.

I enjoy what I do and get a lot of gratification from kicking butt and finding/negotiating deals. My clients and I are on the same team, I love helping them and guess what else?

We become friends.

I don't care if you want to sell or buy, I love helping all my clients get the most house or money they can.

We are on the same team, so let's win together.

Call me

Herb Schmulewicz

(650)784-1849

Daly City Real Estate, South San Francisco Real Estate, San Bruno Real Estate and Pacifica Real Estate.

These areas have become an attractive area for first time buyers.

With interest rates down, and rents up, it's time to think about that purchase.

I see these homes and compared to just 3 years ago, they are at unbelievable low prices. Will they go down more? I don't know.. Maybe a tad; however, the combination of low interest rates and low housing prices make this a great time to buy.

If you are on the fence, just begin to look at properties. You don't have to buy and use this time to educated yourself on the current prices/market. Call me.. I'll show you properties and we can take as long as you like. I look at properties everyday of the week. We can go together. Not a problem.

Just educate yourself. It really is a great time to buy.

I woke up this morning and decided to think out loud.

The sales in the coastal communities have slowed down a bit, more so then some of the other cities in the area, such as Daly City, South San Francisco, San Bruno.

A few thoughts along those lines. I pulled up info on Short Sales and Bank Owned Properties in Daly City, South San Francisco and Millbrae and did a comparison to the coast. AH. We already knew this; Daly City by far had the most bank owned properties, thus they are selling and at a discount, so much that the new comps for the area really do have to factor in those sales. I have to admit, really attractive prices !!

Millbrae did not have very many Bank Owned at all.

The coastal communities do have some bank owned properties, but not the same volume of homes. The interesting thing is that although there are some bank owned properties in the areas, they are not selling as fast as the Daly City and South San Francisco bank owned properties. I find this all interesting and do believe that this will change in the near future. I think, for those searching for a discounted price, and don't mind coastal communities, they will discover what they can get for their money. It's all relative. I'm only thinking out loud, but I tour the coastal communities as well as almost all of San Mateo county, and have viewed very nice bank owned properties that I was sure would sell within a matter of two weeks, and they didn't. I really believe as soon as people view some of these, they will sell.

It's one of those things; when things are slow the coastal communities get really slow, but when things pick up, the coastal communities, really move.

My office is in Burlingame and I really enjoy the Millbrae, Burlingame, San Mateo area. There are some great opportunities there too.

I'm just really sharing my today's thoughts about the coast.

I've had three listings within this last year which I've suggest we take off the market.

Two of the three clients got caught right as the market began to decline in this area and didn't really need to sell, so I suggested we take their homes off the market.

The first home would have been short if we would have dropped the price any further, and their intention was really to sell and buy up.

The second home, was in contract and yet the buyer couldn't complete the transaction as their lender pulled the plug on their loan 4 days prior to escrow and the buyers couldn't get another loan. The owner moved and we rented it out.

The third - the owner simply wanted more and struggled with the emotional factor of selling a home she lived in for so much time, for so little. We are about to rent that too. The REOs in this area have impacted the surrounding houses.

I know it doesn't make sense to pass up a deal and not encourage people to sell anyway, but I do care about my clients and always try to help with the right decision base on what information we have in front of us at the time.

Why not.. I know they trust me and that is a nice feeling. They will be back when the time is right.

Just a thought.

A buyer doesn't have 20% down, so why not just put 3.5% down?

Anything less then 20%, the buyer must pay mortgage insurance, so he/she ends up with several hundred dollars a month additional to pay on a monthly basis.

I'd almost think, if you are only putting 10% down, you might as well get and FHA loan, only put down 3.5% and save some of your money for reserves and or emergencies. Yes, I recognized that the monthly mortgage payment may be a little more, but I feel pretty strongly about having money in reserve.

Thoughts?