The sales prices of recently sold homes in the area are lower than the list price of the home listed for sale.
Feedback from buyers’ agents suggests the home is overpriced.
The home isn’t receiving any showings, even though it is well marketed.
There have been multiple offers, but they consistently have been significantly lower than the list price.
PLEASE CONTACT ME TO EVALUATE THE VALUE OF YOUR HOME
LEONARDO.GONZALEZ@CENTURY21.COM
dIRECT: 619-709-2042
MAKING SENSE OF THE STORY FOR CONSUMERS
Please contact us for more information
Mortgage rates: Week ending 6/24/2010 30-yr. fixed: 4.69 Fees/points: 0.7% 15-yr. fixed: 4.13% Fees/points: 0.6% 1-yr. adjustable: 3.77% Fees/points: 0.7% (Source: Freddie Mac)
Congress has passed a bill to give homebuyers another three months to close on their home loans and receive tax credits up to $8,000. The bill applies ONLY to homebuyers who met the April 30, 2010, deadline with a signed contract to purchase a new or existing primary residence. The bill would extend the deadline to September 30, 2010, for homebuyers to close on their real estate transaction. The previous deadline was June 30, 2010. President Obama is expected to sign the measure into law.
The National Association of Realtors estimates that as many as 180,000 homebuyers who met the contract deadline of April 30, 2010, may be affected by the extension. They will now have additional time to close their transactions.
Even if you have clients in your pipeline who may not qualify for the homebuyer tax credit, there is still a tremendous opportunity available through the combination of low home prices and historically low interest rates. Encourage your buyers to act now on this opportunity before market conditions change.
PLEASE CONTACT US FOR MORE INFORMATION
The above content is for informational purposes only and should not be used as a substitute for consultation with a tax advisor.
Both the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the NATIONAL ASSOCIATION OF REALTORS® (NAR) released monthly housing reports this week. However, each report told a different story about the housing market. Nationally, home sales declined but in California home sales rose 14.1 percent in May compared with April and 1.2 percent compared with April 2009.
Market Matters is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide.
Contact us for more information
Leonardo Gonzalez
http://www.ChulaVistaCommunities.com/
WHY CHOOSE ME? | CONTACT ME | ProbateAttorneys | VA BUYERS | FORECLOSURES | REO Asset Managers | Seniors News | 1031 Tax Exchange | AVOID FORECLOSURE | HAFA PROGRAM | New Homes | GET PRE-APPROVED | FOR BUYERS | HOME | SITE MAP | Mortgage Calculators | REQUEST INFO | How to Sell Your Home | BUYING REO HOMES | Daily Rate Lock Advisory | MY BLOG | SELLING MY HOME
Copyright © 2010 Century 21 All Real EstatePortions Copyright © 2010 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.