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California Market Update
This week I came across an excellent article covering some of the bird eye numbers for California. I will share the observations and statistics with you. We will also talk a bit about the economy in general and how things may not be as good as they have been, we are still far from a time a huge hardship.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Gas Prices and Buying your new homeAre gas prices effecting your search for a home? Do you find yourself changing your home search to areas closer to work, just to keep those gas expenses in check? Many people are in the same boat and are finding that they are having to change their home searches from places they want to live to places they feel like they have to live in order to keep their gas expenses under control. Well, in this weeks show we explore some of the other options you have so that you can still live where you ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Think outside the financing boxEven though we find ourselves entering the Season , sellers are still in a position where they have to be willing to entertain just about any offer on their home. For those that are willing to step outside conventional methods of financing, this is a great time to explore lease options and seller financing.
Even for those buyers who have done the math and realized that they can still pay far less in rent than what a mortgage would be, this market can work for them. In this show we will t ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up June - Long Distance InvestingHere we are at the beginning of June and we take a few minutes to talk about where things are going in the coming month. We will review some of the latest market numbers and see if that gives us any insights. Also, we will take some time to talk about long distance investing. While I often suggest to new investors that they invest in local properties, sometimes we find other areas and cities that look too good to pass up. We will spend some time talking about the special considerations when ... Listen | Listen in your iPhone | Download | View full cache | Visit Website How homeowners can dodge scammersWith all the people facing potential foreclosure, many vultures in the form of scam artists are starting to circle. The OCC has even put out a consumer advisory on the subject. So this week, we talk about the details of the advisory and share how you can tell if you are about to get scammed. Also, we will recap some of the places you can go to get real help.
Listen | Listen in your iPhone | Download | View full cache | Visit Website The Real Estate Agent FacadeThis should not be news to anyone. We all try to make the best impression possible in interviews, first dates, etc. In the world of real estate, many agents work hard on creating the perception that they are a successful agent.
We will discuss how that is often not the case. They can also point to their office or their status as a Top 1% agent as a reason to work with them. We put all these ideas under the microscope this week and see what we get!
Listen | Listen in your iPhone | Download | View full cache | Visit Website Selling Unique PropertiesFolks in real estate can get real creative with the word unique. In todays podcast, we will talk a little about working to overcome the challenges of the unique property. Do you need to turn the unique into the common to get it sold? Not always. But whats more, many of todays sellers who might have a unique home to sell don't have the funds for a make over.
There are different ways to approach this challenge and more often than not, the usual bag of tricks that real estate agents ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up For May 2008We take a birds eye view at the Santa Clara County market. We look into average price changes, inventory and sold numbers from all over the county to see what we can learn from them. We will also talk about some general California numbers to put everything into perspective.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Props 98 & 99 and FHA Q&ALots of good info in this weeks show. We will take a quick look at the differences between Proposition 98 and 99. This two initiatives are on the ballot in California and both are supposed to deal with eminent domain. We take a look at them and see which one goes further in limiting the states ability to take your property away from you.
Then we will spend some time going over some of the main points relating to FHA loans. These are a few of the top quesitons folks out there have been askin ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Real Agent StatsMost people don't realize that with the information currently kept in the MLS system (the one I use anyway), you could easily calculate all kinds of useful information about real estate agents. While most agents just want to dazzle you with their status as a Top 1% Agent (which means NOTHING to buyers and sellers), wouldn't it be nice to be able to go to a website, input your agents name and find out how many of their listings actually end up selling? Or how close to askin ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Build Quality and The McMansionOne of the elements that buyers tend to pay less attention to is who built their home and when. Often, these can reveal a great deal about a home. Some builderss are known for their quality work while others just plain aren't. Was the home your interested built in a big boom period when homes were going up fast and furious? Or maybe it was built during a time when more time and attention was going into each home being built?We will talk about this and a few other tidbits in this wee ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Some short sale and REO info for buyersThis week we will touch on the subject of short sales and REO properties. This time, instead of looking at them more from the perspective of the seller, we will take a little time to see what special concerns these properties hold for buyers.
With so many of these types of properties out there right now, it is good to have a little insight into the practical issues of dealing with them.
Of course, we will also talk about the usual news items and give the heads up on what open houses you ca ... Listen | Listen in your iPhone | Download | View full cache | Visit Website The Commission and New Ways To Look At ItThere are a few different ways for agents to get compensated. In this weeks show, we talk about that a bit. What we really get into is what might just be a better system that works better for clients.
We are going to look at where vested interests lie and explore and idea on how we might better line up vested interest with client interests. We will also get some advanced info on the open houses that the Rebel Broker will be holding this weekend. So take notes and if your in the area, com ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Walk Through Inspections for Buyers and SellersThis week I give you all a heads up on open houses I will be holding over the next two weeks. This weekends is a fantastic loft in Santa Clara, so make sure and come by to see this unique property - even if your not in the market, taking a look at what loft living has to offer is worth the time.
We will also get a quick update on some market numbers for California. Then, we will discuss what buyers and investors should be looking at when they are touring a property they are thinking abou ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Some good books for any buyer or investor.This time around we will be talking about some general California issues and numbers. In addition, we will talk about just a few of the books out there that anyone interested in real estate investing should be considering. Even if your just looking to buy your first home, these books could be a great way for you to attain that next level of knowledge required to make a smart home buying decision. Plus, find out where the Rebel Broker will be holding his next open house and if your in the ar ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Are bad agents born or made?In this weeks show we talk about the good news in the mortgage rates arena. Also, we are going to explore whether agents that really stink are born or made. Sort of. Do some of the books aimed at real estate agents encourage them to be deceptiive? Check in with your Rebel Broker and find out.
Listen | Listen in your iPhone | Download | View full cache | Visit Website March 2008 Market Heads Up and moreThis week we take a look at last months numbers and see what that might tell us about the market in March. We'll include advice for buyers, sellers and investors and even talk about some communities that are starting to look like the slow market is catching up with them.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Sales, Consumer Confidence and The MarketIt's a bit of a free-form show this week. Robert will be talking about the word on the street regarding consumer confidence and a possible recession. We will also talk about the big numbers this week. Plus, Real Estate Realities has hit Facebook! If you want to interact with other listeners and Robert, head on over to facebook.com and do a search for Real Estate Realities in the Groups area and feel free to join in on the discussion!
Listen | Listen in your iPhone | Download | View full cache | Visit Website Sellers Must Still Beware!We are in a tight market. If sellers do not have agents out there doing the job right, then they are losing money with each passing day. This week we expose the fact that there are still plenty of agents out there NOT doing even the most basic things to get sellers and their properties the attention they need to even come close to getting sold. It's a sad but true edition of Real Estate Realities where the RebelBroker vents about what some agents are doing while trying to let sell ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Agent Provided Tools For Buyers and SellerPodshow PDN (http://www.podshow.com/)
This week we are going to take a quick look at what tools are out there for buyers, sellers and investors. There are lots of real estate folks out there (including me!) that go the extra mile to provide their clients with the best tools available. But not agents go to the extra effort or expense to provide these tools. This includes everything from the buyers home search to the marketing of a sellers home and tracking the escrow process.So sit down ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - Feb 2008In this weeks podcast, we take a look forward to the next 30 days by looking back at last months numbers. We will do a quick overview of Santa Clara County and then a closer look at the communities of Los Gatos and Morgan Hill.
We will then move on to try and get an idea of what buyers, sellers and investors should be thinking right now. Where should they be shopping? What should sellers be doing to have the best chance of getting their home sold this month? Listen in for all the info.
... Listen | Listen in your iPhone | Download | View full cache | Visit Website The "Hope NOW" Program for HomeownersPresident Bush's Hope NOW program is another source of relief for homeowners that find themselves in trouble. In addition to some of the other relief programs we have talked about in previous shows, this program offers those facing possible foreclosure a way to regain control of their financial situation. In this show we talk about the different situations in which this program can help and discuss what it does and how to get in touch with them.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Get It Sold In 2008This one is aimed right at the folks looking to get their home sold in 2008. If you are even considering selling your home in 2008, we will be talking about the right time to get your home on the market and what to do before you actually list your home with an agent.
If you are going to be trying to get your home sold in 2008, let me suggest you also take the time to listen to my podcasts on finding an agent (index.php?option=com_content task=view id=80 Itemid=45) and getting ready for t ... Listen | Listen in your iPhone | Download | View full cache | Visit Website 2007 Summary Look BackWell, 2007 is in the can and in this weeks show we take a look back and see what happened. We will compare 2007 to previous years and even try to figure out what the market is going to do in 2008. We will explore the numbers for Santa Clara County and for Morgan Hill.
Listen | Listen in your iPhone | Download | View full cache | Visit Website New Years Resolutions 2008It's a new year and we should all take some time to evaluate where we are and where we want to be. We will talk about a view resolutions that should be on everyones list.
While there are plenty of scary indicators out there, with the right mindset and preparation, you can be ready for just about anything.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Merry Christmas 2007This week we will not talk about stats, sales, market trends or mortgage rates. Instead, we will focus on the season of hope and try to draw strength from our own abilities and what previous generations have shown us that they can achieve on their own.
I hope you all have a very Merry Christmas and that whatever your situation may be, that you find the hope and perseverance to push ahead and make your highest dreams come true.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - December 2007This week we take a look at last months numbers to help us understand what might be in store for us in the month of December 2007. We will start out looking at some very local communities and then broaden our analysis.
Also, in this months episode, we will talk a bit about chasing the market and what sellers need to do in order to avoid this deep real estate pitfall.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Foreclosures IntroWith all the foreclosures going on right now, it just seems like a good idea to give a quick overview of what it takes to start looking into purchasing a foreclosure property. In this podcast, I will focus on the most basic information you need to get started.
The first thing you need to figure out, is if foreclosure properties are right for you.
I will be completely honest here and let you all know that I am not a big fan of the foreclosure properties. You can definately get some amaz ... Listen | Listen in your iPhone | Download | View full cache | Visit Website The Property Parity MythJust because the market is down in general does not mean it is down by the same amount everywhere. In fact, many areas are not down at all, but enjoying continued average home increases.
If your a seller, that means your a buyer too... unless you plan to become a renter. Do you know how the market has performed in the areas you are thinking of moving too? Have you compared that performance to where your home currently is? What you don't know could cost you thousands of dollars. Make ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - November 2007Slight change in format for the show this week. To keep the focus on the subjects I know the most about, I am going to spend more time on local market influences, including the hottest and least hot areas of Santa Clara Count. While I will still give info on what is going on nationally, that information will be looked at with an eye toward what it means to people living right here in Santa Clara County. I hope you enjoy this new, deeper look into what is going on in Santa Clara County, wher ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Halloween 2007 - Real Estate Scary StoriesPlenty of scary stories out there in real estate. Not all of them involve ghosts and ghouls - really bad loan folks and real estate agents are usually enough. But after a while, the scary stories start to pile up. Let's take some time out to re-tell a few stories to fit the season. In this show we mix a couple of real world scary stories with a couple that just might get the hairs on the back of your neck standing up!
Listen | Listen in your iPhone | Download | View full cache | Visit Website Counter Intuitive SellersThere are some strange things afoot in seller land these days. Maybe it's panic, maybe it's the proximity to Halloween. Whatever it is, there are some sellers out there doing some very counter intuitive things. Don't let yourself be one of them!
It is a time for sellers to be thinking outside the box. So lets do some box breaking in this weeks show and talk about what sellers should be doing in todays market.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - October 2007It is that time again. This week we talk about what the market has been up to over the last month and what that means for buyers, sellers and investors for October.
With September being the end of the 3rd Quarter of 2007, we get a little deeper into the details this week and cover some of the high and low spots in my local market in Santa Clara County, California.
Take a listen to the show for all the details.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Mortgage RescueIn this weeks show we have our first guest interview with Lois Jones with Bank of America Mortgage. We will talk about folks in really big mortgage trouble and what options they may have. We will also talk about folks in less dire straights, but who want to look into securing a mortgage that might leave them with a little more cash at the end of each month. So check out this months podcast for this and more.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Overcome Personal InertiaSometimes, the greatest obstacle to getting things done in life is ourselves. If there is any part of life where this is true, it is real estate.
Whether you are an owner who is facing some potentially tough changes in your mortgage or a buyer trying to find the right time to buy, the biggest thing to overcome is the tendancy to do nothing at all.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Selling In HardshipWhen other things in life are weighing heavily, adding that extra burden of trying to sell real estate can just be too much. Those are the times when we start doing things that we might regret in the long run.
So how can you work to minimize the downside when hardship enters the equation? How can you work with people you are in conflict with? Where do you turn?
In this podcast we talk about these and other topical issues relating to real estate.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Buying Homes and SchoolsIn this episode we talk about how sometimes, your children can end up not going to the school you thought they would when you bought your home. Whether you have school age children or just want to protect your investment in your home, the quality of the schools that serve where you live is important.
In this episode, Robert shares some personal experience in this area, and makes some suggestions on how to avoid the pitfalls of not getting what you thought when it comes to schools.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - Sept 2007We take a look at all the data effecting our market in September of 2007. Expectations were not met for this years summer season. Now that we are exiting what is supposed to be the hot selling season, what did we get? What can we expect in the coming months?
This podcast will give buyers, sellers and investors some insights into what to expect this month in our evolving real estate market.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Don't Worry, Be Happy... so they say.It can be a challenge to really get down to the truth when it comes to information you get from the news.
Several popular news sources were happily reporting the real estate market is up 4% in July without further elaboration. Is this really the good news that they imply? Is this the turn around?
I don't want to ruin it for you, but lets just say it is good to be skeptical!
In this podcast we will take a few minutes to look at what is being reported, what should be getting report ... Listen | Listen in your iPhone | Download | View full cache | Visit Website The what and how of agent pay.I think that on the short list of question I get asked most frequently when talking casually with someone about real estate, I would have to include How much to real estate agents make? . It is surprising to hear what the perceptions are in general. Many seem to think that real estate agents make lots of money for very little work.
In this weeks podcast, we are going to give you the inside scoop on how things really work for most agents. As with most things in life, much of what we wil ... Listen | Listen in your iPhone | Download | View full cache | Visit Website For Sale By OwnerTrying to sell your house by yourself involves more than you realize. Marketing, contracts, disclosures, staging... the list goes on and on.
What are the numbers regarding trying to sell your house yourself? Does it really save you money? Are there ways to sell your home on your own and still work with agents?
What about market changes? Is it easier or harder to sell your home in a buyers market? When is the best time to try and sell your home youself?
This podcast will give you a goo ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - Aug 2007Well the numbers for July are in. What do they tell us that a buyer, seller or investor should know in Aug.? Are buyers still in the drivers seat? What should sellers be doing differently RIGHT NOW if they want to get their home sold?
In this podcast we will explore these issues and try to get an idea of what the coming month holds for us.
Is this summer season becoming the turn around everyone is praying for or is it just more of the same?
Lets take a few minutes to look it all over and ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Not what, but how. Doing it right.Your going to get lots of folks in real estate telling you what they are going to do. I suggest in this podcast that what they are going to do is far less important than finding out how they are going to do it. Not all agents are created equal when it comes to carrying out the promises they make regarding various real estate tasks.
Just the simple act of putting the sign in front of your home can be handled very differently depending on the real estate professional you have choosen. So i ... Listen | Listen in your iPhone | Download | View full cache | Visit Website ReferralsReferrals are very common in the real estate business. Whether you are talking about a national franchises Relocation Network , Referral Network or an agent referring you to another agent, your talking about a referral.
What does it mean to you and what should you be doing to protect yourself when being referred to an agent? This podcast will give you a quick overview of what you as a buyer or seller should be aware of if you are being referred to another agent.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Overpriced ListingsWe are in a market that is tough for lots of sellers. Many are still holding out hope that the days of being able to just list a house at any price and have it sell are still around. For a while there, even very overpriced homes could count on at least getting offers at a more reasonable price. Well that market is gone. While many seem to be holding onto the idea that you can always come down in price, what they fail to realize is that by starting out at a high price, you are losing the adv ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Market Heads Up - July 2007Using the data and numbers from June 2007, we take a look at what sellers, buyers and investors should be thinking for July.
This is it, we are in the Season for home sales. For many, if you don't do what it takes now, your going to miss your opportunity. Take a few minutes to see what this podcast has to say about our current market, and what we should be considering as we move into the prime real estate season.
Listen | Listen in your iPhone | Download | View full cache | Visit Website Getting the most out of the MLSWhether your a seller or a buyer, the MLS (Multiple Listing Service) is the most powerful tool at your disposal. For sellers, it is about getting the attention of the home buying public with complete and accurate information on your property. In addition to the data, the photos of your property should each be carefully considered to put your home on display at its best. We will explore ways for you as a seller to make sure your getting the most out of the MLS listing of your house.
For b ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Investing - Rehabing the home for flippingIn part three of the podcast series on house flipping, we explore some issues about fixing the property after you have purchased it. In addition, we will take a few moments to discuss ways for you to approach the rehab. We will also talk a bit about some of the things I have seen investors do when rehabbing property. With this podcast under your belt, new investors will have a good place from which to carry on their research into what it takes to achieve success with this type of real estat ... Listen | Listen in your iPhone | Download | View full cache | Visit Website Making the offer on a house to flipThis podcast is a continuation of the discussion on flipping properties that we started last week. We went through some basic ideas of how to find a prime candidate for flipping and now we are going to talk about some of the strategies for the actual purchase. All of this series is aimed at the new investor, considering flipping as their investment strategy. We will talk about the best way to put together your offer so that you can get the best price while doing what needs to be done to in ... Listen | Listen in your iPhone | Download | |