As of August 27,2009
In the city of Whittier Ca, there is a total of 40 Bank owned listings
The Cheapest listing is a 2 bed 1 bath, 750 sq ft on a 9000 sqft lot going for the bargain price of $133,650. It should be gone by the weekend.
The highest priced Bank Owned /REO in Whittier is a 4 bed, 4 bath, 2556 sq ft, on a 15700 sq ft. Its a steal of a price to get into the sought after Friendly Hills Neighborhood at $799,000
If you are looking to purchase a Bank Owned / REO property in Whittier, supply is low and demand is high. Time to act. Call Kevin Hottmann from Prudential today.
Kevin Hottmann
Prudential California Realty
562-448-9465
Home sellers are very concerned when their home has been on the market for some time. The offers presented, if, any, have been too low to even consider. The home hasn't sold. Quite naturally they want to know “What's Wrong"
1st- Slow down. Don't panic. Take a rational look at the market and make the most of it. Smart home sellers are moving their home... and right now, today. But they recognize the market today is different from last year.
2nd- The smart home seller comes to the obvious conclusion that with cautious buyers looking at more homes, you have to be more competitive, flexible, aggressive, and do a better job of merchandising to generate offers. You home can also sell, and quickly.
3rd- Sit down with your real estate professional and rethink your marketing plan. There are a number of actions to consider beating out your competition.
Price:
Reviewing your asking price is the most difficult, painful and personal part of answering the question. “Why aren’t we getting any action?”. This is typically the single most critical element in the new marketing plan. Get fresh comparable sales in the area. Forget the asking prices of homes that aren’t selling. Check out the homes that are selling. Your home must be priced right to meet today’s market or all the other elements of your marketing plan won’t make a difference.
Terms:
How flexible are you really prepared to be? · How big a second can you take? · Can you offer a fast escrow?
Merchandising:
Are you offering incentives like a “ Home Warranty Plan” to the buyer? · How about assisting with paying for closing cost? Are you offering a sales commission that is attracting the most Buyer’s Agents that will bring the most amount of buyers. · Today, buyers are picky. Give them something extra. Grab their attention.
Appearance:
Remember the old advertising slogan, “Even your best friends won’t tell you!”? Well a good Realtor, will level with you. Have a Realtor give you a set of ideas on how to spiff up your house. Put aside what you think is nice or adequate. Listen to your professional. Paint, clip, cut, clean, deodorize, send to storage, toss out, caulk, mow, paper, cement, repair, add, scoop, weed, tear down, and scrub. Little things do count. A minimum of time, effort, and money spent now can bring back larger rewards.
Atmosphere:
There are also some “Do’s” and “Don’ts”, which can be helpful in creating a selling atmosphere.
Help your Realtor by creating a warm, pleasant, and private sales environment.
Here Are 5 Great Reasons to Buy:
#5- Foreclosures on the Rise:
Banks need money, not property. This is an opportunity for an aggressive buyer to buy at the low end of the market and capitalize on the opportunity.
#4- Poor Dads are telling you not to buy, but Rich Dads are keeping this time a secret:
Every wonder why the rich get richer and the poor get poorer? Poor Dads will talk themselves and everyone they know out of a opportunity. Rich Dads will execute a plan at an opportunity and be successful. Are you a Rich Dad or Poor Dad?
#3- Supply and Demand:
Economic rule 101, The higher the supply, the lower the demand. We have a high supply of homes on the market that are at historically low prices and we have limited supply of buyers. What this means is that buyers have the choice of the best properties that can be bought for the best price.
#2- The media is scaring away competition:
Years ago when the media was stating that the market was a great time to buy, you had 20 buyers bidding to purchase one home at prces above listed prices. Today, the media states that its a bad time for homes. Its only bad for people that are selling. If you are buying, then this is the market for you.
#1- The Interest Rates are LOW!!!
Lets see here, Low Price + Low Payment = Deal!!!
Prices and Rates are so low, Today's Home Buyers are stealing homes with stellar monthly payments. Some lower than rent.
Contact Kevin Hottmann today!
Let him be your key to your next home purchase.
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Interest Rate
As you may have heard yesterday the Federal Reserve as well as countries around the world worked in unison to lower key short term interest rates in an attempt to ease the world credit crisis. The Federal Reserve lowered their Federal Funds Rate by 1/2 % to 1.5%.
How Does This Affect You ?
It is important to remember that lowering the Federal Funds Rate has no direct impact on long term mortgage interest rates and sometimes it can cause an upwards move in rates. Lowering the Federal Funds Rate will have a direct impact on credit cards, auto loans, and other short term loans. The move is designed to help ease credit around the world and make it easier for lending institutions to borrow short term money and turn around and loan that same money back out. This is a good conversation point you can make with your talking circles as most people think this interest rate cut lowers their mortgage rates. Secretary of the Treasury Paulson also stated that it is imperative to get the housing market back on track and the way to do that is to make sure there is home loan funds available. I see this as a very positive posture by the government which should result in an easing of home loan requirements.
His goal is to create a relationship with all of my clients that are based on integrity, reliability and quality service.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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