How To Spend Obama's $8000 Housing Money?

Tuesday, 27 October 2009 23:54

What would you do if you got the Obama $8000 for first time home buyers credit?

What would you do if you got the Obama $8000 for first time home buyers credit?

Let me start by saying I would probably use that $8000 towards closing costs. Closing costs are just normal transfer fees when buying or selling real estate, usually between 1 - 2% of the sales price.
You could pay down your loan rate and lower it to 4% or 5%, and that's called "buying points."
Another way you could spin the $8000 is to attack you principle dollar amount, so get am $8000 head start in paying down that debt. Besides, it also reduces your overall monthly payment around $50 a month. Not bad considering a tank of gas will cost you $50 bucks!

Geez these are such dry things to spend $8000 on. What cool and sexy things would you do?

Dirty Little Bank Secret for Foreclosures

Wednesday, 30 September 2009 21:40

Dirty Little Bank Secret for Foreclosures

In one of my earlier blog posts, I questioned where was this apparent foreclosure tsunami. As of yet I don't really see an inventory change in the San Diego. In southbay San Diego I have seen inventory prices come down on some of my upgrade buyers, but besides that, no real change in inventory. So the question still remains: Where is the tsunami?

Instead of the storm, let's find the clouds of preparation. The preparation indicator is vacant homes and the disconnect of responsibility between the banks and home owners.

(Please read more at www.Agent619.com)

Affordability in Otay Ranch August 2009 Versus 2002

Wednesday, 19 August 2009 18:15

Affordability in Otay Ranch August 2009 Versus 2002

I was sifting through some inventory in Otay Ranch for one of my clients who's price range was less than $400k. Some pretty good homes were coming up once I breezed through the list of overpriced homes. Then I decided to see how it matched up on the Iphone App using Zillow.

Read More about this at www.Agent619.com