Many agents will not deal on either end of a short sale as it can be time consuming, "more work" and statistically close only 20% of the time per California Assoc. of Realtors & NAR. I do and have been successful at closing many of these deals. Many buyers believe if they wait long enough, they can purchase the defaulted property for less when it is foreclosed. This is not the goal of our banks, nor does it help our economy or local real estate markets. Short sale homes are worth looking at & can be purchased with very little hassle! The loss mitigation short sale approval process only takes 1 to 1 1/2 months on average. It seems that the banks are getting more knowledgeable (through lots of experience), are far less restrictive and are improving & expediting their systems. Short sale homes are sold at fair market value and are subject to appraisal review(s). Whether buying or selling, don't hesitate to contact me for your real estate needs.
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Week of: Monday, January 12, 2009 |
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Present Market Conditions
"Interest rates for 30-year fixed-rate mortgages (FRM) fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve's recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae." stated Frank Nothaft, chief economist for Freddie Mac. "Since the end of October 2008, 30-year FRM rates have declined by almost 1-1/2 percentage points, or payment savings of about $184 a month for a $200,000 loan - an additional $11 dollars from last week."
Expectations
There are no economic reports scheduled to kick off this week, but investors will likely be anxious ahead of the Federal Reserve's beige book, its assessment of the economy by region. The report, which will be released Wednesday, provides details about the strengths and weaknesses in each part of the country. Other reports due this week that may have an impact on rates are the Producer Price Index (PPI), the Consumer Price Index (CPI), and Industrial Production.
Guidance
With housing prices becoming more affordable and rates becoming more favorable now is the best time to meet with your Mortgage Planner and/or Real Estate professional to discuss a mortgage and investment solution that best meets your financial and personal goals.
My LinkedIn Public Profile... http://www.linkedin.com/pub/b/71a/957
Bowling Green State University - Professional Alumni Networking Group 
Active Rain Members 
National Association of Realtors (NAR - REALTOR) 
Alpha Omicron Pi Alumnae 
CALIFORNIA ASSOCIATION OF REALTORS® 
RE/MAX Associate 
RE/MAX AssociatesHere's to an OUTSTANDING 2009!
Jill Stanton-Bricker RE/MAX Realty Today South Lake Tahoe, CA 96150 www.jillsellstahoe.com
WOW!!! Thanks for all of the replies to my original blog & sign up on this site! There is such great support & camaraderie here! I wish I had signed up sooner. Within the first 2 hours of signing up I received a new potential buyer for my area of expertise. They are coming to look at properties next month in South Lake Tahoe, California. I look forward to staying on-board with this awesome referral network. Happy Fall! Happy Halloween! Happy Networking!!!
If you haven't already bought a Lake , CA home/vacation investment there is no better time than now!
WHY? Top 10 Reasons:
1. Interest rates are still at historically low levels. Buyers are taking advantage of this & buying, which is helping stabilize the surplus of homes. What an awesome time to be a buyer!!!
2. The Conforming loan rate cut-off is now based upon 110% of the median price, setting all of El Dorado County at $580,000, thus giving buyers MORE buying power at lower rates, BUT ONLY through the end of this year unless further legislation is passed! Take advantage of this opportunity now!
3. There is no crystal ball to predict the future, but, we may be "at the bottom" of the market now. There are currently deals priced at fair market values of 3-5 years ago! There are a small handful of bank owned/foreclosed properties, but not many, in the Lake Tahoe area. Eventually, God-willing & with a successful Presidential election, real estate prices will normalize & then continue through a regular cycle.
4. For quality of life & a quality lifestyle investment, Lake Tahoe is an ideal choice for not only Northern California buyers, but any one in the World! Approximately 80% of the Lake Tahoe home owners are secondary/investment purchases.
5. Lake Tahoe continues to advance, redevelop, grow & offer a true World-class tourist destination all while being environmentally conscientious & guided by the Tahoe Regional Planning Agency. The "new" 20 Year Plan is in the works!
6. For my job security! Kidding, actually, I always advise clients to think through how long they plan to hold a Lake Tahoe property! Timing is everything! If you intend to keep your Tahoe home for at least 2-5 years or more, NOW may an ideal time for you to buy. Historic statistics have revealed an approximate doubling in California real estate prices every 10 years for the LAST 100 years! Tahoe vacation homes are a pretty solid long-term investment.
7. Lake Tahoe is a dream come true for many investors who utilize tax-deferred exchanges! What a beautiful place to "plunk your money down" for a while! Whether you are an avid skiier, boater, hiker, biker, casino gambler or someone who just appreciates the peace & quiet of the National Forest setting Tahoe is situated in, now is an ideal time to invest!
8. Location!
9. Location!
10. Location!
p.s., THINK SNOW!!! SKI SEASON IS ALMOST HERE!!!
I LOVE REFERRALS! South Lake Tahoe & surrounding areas...El Dorado, Placer & Alpine County; Tahoe Paradise, Stateline, Meeks Bay, Tahoma, Heavenly, Tahoe Keys & more! CADRE #01336486
Use this section to write about yourself - don't be shy - Why should a buyer or seller want to work with you? Do you have any certifications and qualifications? What sets you apart from other agents/loan officers?
I have been a Lake Tahoe resident since 1990. I have been a Top Producing, licensed CA Realtor #01336486, since leaving my 10 year stint at Harrah's in 2002. I love what I do & pride myself on staying current and cutting-edge in this ever-changing industry. With over 50 million in closed escrows and hundreds of satisfied clients, feel free to contact me for my references and/or for referrals anytime.
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
Jill Stanton-Bricker - Lake Tahoe, CA area Real Estate Specialist
Representing Sellers & Buyers via the # 1 RE company in the world, RE/MAX!
Single family residences, from USFS cabins to lakefront luxury estates!
Multi-family units, Vacant Land, Coverage, Residential Units of Use, Allocations, Permits, Commercial, Industrial Use, Business Opportunities, Leases, Vacation rentals to Long-term rentals, IRS Code 1031 tax-deferred exchanges, Consultant and more.
Top Producer of the Year, 2003, 2004, 2005, 2006, Previous Brokerage (small local boutique office) with 10-12M/year + in closed sales, averaging 2-3 transactions per month.
South Tahoe Association of Realtors Elected Board of Directors, 2007, 2008, 2009
STAOR Scholarship Chair 2007, 2008, 2009
STAOR Local Governmental Relations Chair, 2009
STAR Power Buyer Specialization
STAR POWER attendee 2004, San Antonio, TX, 2005, San Francisco, CA...AWESOME learning & networking...Howard & STAR Power Staff RULE!
Executive Club, RE/MAX International, 2007
RE/MAX International convention attendee, 2008, Las Vegas, NV
MY GOAL:
Getting Seller(s) TOP dollar in the shortest amount of time for their homes!
Getting Buyer(s) the BEST DEAL with the BEST representation & negotiating skills on their "dream home" and/or investment properties purchases!
Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.
"I have been trying to buy a home in Lake Tahoe for many years and it has been difficult dealing with most agents there from 3000 miles away. However dealing with your company and in particular Ms. Bricker has been a real pleasure. She has been efficient, helpful and handled this with real professionalism."
Alan Cohan,
Vienna, Va.
"Jill came through with the lot I needed...good communication and follow up...exceptional-very personable and professional...I would recommend Jill, she is a highly-quality person."
Mickey McKoy,
South Lake Tahoe, Ca.
"I wanted to commend you on staying so professional...you have proven your self both amazing and trustworthy and have certainly gained my business and recommendation."
Frank Tate,
Lafayette, Ca.
"It is so refreshing to be able to work with a dedicated Realtor who is willing to work around our timeframe. You always listened to our needs, and took the time to find the RIGHT home for us. The whole buying process was so efficient...the fact that you have such a pleasant and happy demeanor is just icing on the cake."
Chuck and Gloria White,
Oakley, Ca.
"Jill Stanton-Bricker is highly efficient and incredibly responsive...we can't begin to thank you for all you've done to make our "Tahoe Dream" come true!"
Claudia and Joe Gatto,
Aptos, Ca.
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