Sacramento Real Estate Views

Short Sales Getting Easier

HAFA Pays Lenders To Allow Homeowners To Sell Short

Selling short has never been easier.  Lenders are more cooperative than they have ever been.  Approvals are easier to get and the percentage of short sales that close has gone up exponentially.

Enjoy the video!

Thanks for visiting!

Tags: Rocklin, Roseville, selling short, short sales in sacramento

Mortgage Rates Are Still Going Down

How Long Can This Last?

Honestly, I thought we’d seen the last of rate declines in 2006.  This is making that look ridiculous!

Rates are now the lowest that they’ve ever been or at worst are tied for the lowest rates have ever been.

On Thursday, FreddieMac.com came out with a report citing the interest rates averaged about 4.68% down from 4.71% the week prior.  That is SO low!

I had a potential client of mine tell me on Saturday that he got a quote for a conventional 30 year fixed rate mortgage, 20% down, at 5.5% and his credit scores were very good.  This seems as if it too high and I advised him to get a second opinion as you should if your quoted interest rate seems too high.

As of just now, rates are at 4.68% for a 30 year fixed rate mortgage. That will change so follow up with your lending resource for an update on rates. If you don’t have a lending resource, please let me know and I’ll be happy to refer you one of mine.

From FreddieMac.com

1)  Interest rates have never been this low since they started tracking it in 1971. (Wow!)

2)  Last year at this time the rates for the 30 year product was 5.53%

3)  Low mortgage rates and low housing prices are producing highly affordable housing conditions nationwide.

4)  New and existing home sales were 36% higher than in January and pending sales have gone up every month for the last 9 months.  7 of those months were THE MOST AFFORABLE HOUSING MARKETS ON RECORD SINCE 1971.

Now that’s news!

From Our Local Lenders

Pat Murphy, Guild Mortgage, 916-212-9451

pat@patmurphyloans.com

“Rates are starting to creep up a bit but are still under 5% at 4.875% this morning!  Yes, funds are available for many loans.  Yes, opportunities to buy have never been better.  Yes, you can often refinance.  Yes, you can!  Let’s find out exactly what you are entitled to!

Contact me for Free Advice – Honest Loans”

As always, please keep in mind that rates are subject to change in any moment.  They are very liquid and change moment by moment.  For the most up to date rates, please give Pat a call.

Thanks for visiting and Happy Holidays to all!

Tags: mortgage rates, Rocklin, Roseville, sacramento

Short Sales in Sacramento

Banks Becoming Easier to Work With

Over the last couple of years, short sales have been nothing short of a complete pain in the butt.

Getting a response out of the bank was difficult and it seemed that they would rather foreclose on a seller than to sell short and make more money in the process.

That seems to be changing throughout the Sacramento and Placer county area.

I just closed a Wachovia short sale in under 30 days from the list date!

While that’s not typical, it has and can be done.

Selling Short vs. Foreclosure

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Tags: Rocklin, Roseville, short sales sacrament

The Secret To Buying A Home In Sacramento

Multiple Offers Making It Tough On Buyers

With some buyers making 15 to 30 offers on existing homes throughout the region without getting one accepted, buyer frustration is at an all time high.

I’ve made offers for some of my clients $15,000 to $20,000 over list only to get beat out by either another offer or the listing agents client. ( call me if you have a question on this )

There is one sure fire way to still get a great deal on a home and not compete with anyone in the process.

Sound too much like 2007?  Well it’s here and it’s a strategy that I’m advising all of my clients to consider.

I’ve worked with two buyers who have taken this advice and have been able to comfortably buy a very nice home, in better shape than ANY foreclosed or short sale home on the market.

What is this $64,000 idea?  Read on!

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Tags: new homes rocklin, Roseville, sacramento

Lennar Offering Quick Close Specials!

6/17 – UPDATE: In the last 24 hours, I’ve gotten emails from several builders in the Rocklin and Roseville area offering quick move in specials and higher commission rates for resale agents bringing in buyers!

THE BUILDERS WILL MORE THAN LIKELY NEGOTIATE A LOWER PRICE TO GET A HOME SOLD.  IT’S A GREAT TIME TO GET A GOOD DEAL ON A NEW HOME!

Kavala Ranch, Rancho Cordova

Lennar, one of the premium home builders in the nation, sent me a couple quick close homes that they are offering at a reduced price.  These homes are loaded with amenities and are very well built.  Not to mention the sales associates are some of the best in the business BUT you don’t want to go to a new home community without being represented by a Realtor WITH experience in new homes. (that would be me!)  Scroll down to the bottom of this post for more about that.

I know the process and can help you negotiate the best deal possible.  Images and floor plans can be found on the “(click here for more info)” links.

The Rose at Verano

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Tags: Fiddyment Farms, Roseville, kavala ranch, lennar, Roseville, westpark