Published on March 19, 2014
Santa Clarita Radio Straight Talk Real Estate and Daily Updates by Paris911.com
Market activity ● How is the local market? ● Are properties selling for list price? ● Is there an over abundance of real estate supply? ● Is it a buyers market? ● Is it a sellers market?
Foreclosures and REO’s ● How is the local Foreclosure inventory? ● Are a majority of the Foreclosure Bank owned or Investor owned inventory? ● How long is it taking the Foreclosures to sell? ● Are the Foreclosures selling for more than asking price? ● Are they obtaining multiple offers?
Listing versus Sales Price ● Are homes selling for more than their list prices? ● What about selling for less than their listing prices? ● Are price changes happening? ● Are those price changes decreases in listing or sales prices?
Offering Strategies ● Do multiple offers exist on homes that are for sale? ● Are the sellers requesting Highest and Best Offers as part of their counters? ● Are those listings appraising for their sales amounts? ● Are a majority of the listings “human owned” or “Bank owned”?
Loans and Lending ● What are the most prevalent types of loans being applied for? ● What types of loans are more likely to be accepted? ● How are the property appraisals trending, higher, lower or on target? ● What questions should I be asking my lender?
Real Estate Vendors ● Who does the escrow company work for? ● What is title insurance? ● Who controls the pest inspection for termite issues? ● Who’s responsibility is it to hire a Home Inspector and is it necessary?
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