Real Estate in the Hermosa Beach and Redondo Beach Areas

• Lenders are scrambling to have something special- unique in this one brand market…the Federal Gov…what have you got there? #
• @smww are we still on tomorrow at 9? #
• #domus loved todays class #

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#domus loved todays class

@smww are we still on tomorrow at 9?

Lenders are scrambling to have something special- unique in this one brand market…the Federal Gov…what have you got there?

They are good. They were amazing week before last. It was like riding in a small boat. The up and down makes me a little seasick. Its also like a car you inch a bit and move ahead of the traffic or get stuck in the red lights over and over. Thats the borrower saga.

Buy now…but what if you lose your job or your spouse does.

Over 1/2 of all the sales were Bank Owned last year in California. Of course you know that if you breathe or know what a white Bronco means.

I think the interest rate is going to bob up and down and your lender needs to snag it right when it drops. Its possible. Also there are all kinds of little things like the floating rate, the one time switch.

I went to Circuit City today. The sign said, they no longer guarantee the lowest price.

That makes sense. I didn’t buy anything. Like a true shopper, the 10% off things did not lure me to buy. It had a twilight zone feeling creeping in. I went to Mervyns the last day and it really was the twilight zone. We bought a garment rack for 15 dollars. (They sell anywhere else for 200.) We didn’t need new and pretty purely industrial.

I have people still try and offer 1/2 of the listing price on a bank owned. It’s not in the cards people!  They will find a buyer who is savvy on buying and they will get the house.

Actually I fell for that and wrote an offer like that only to get educated squarely by the mega listing agent. I learned. I went to Bank owned classes. I paid the price of street smarts too. I am getting my REO Bank Owned Certified status next week.  We do know something everyone doesn’t.  How to handle the Bank owned properties, the open houses, the offer, the escrow and the close. Long Beach, Irvine, Redondo Beach and up to the valley- we have bank trained ready agents hitting the streets with the black and yellow signs…bank owned.

But back to what we don’t know…the hairline trigger of the mystery of the interest rate. I am still impressed by the statement of a Chase agent who said 3 weeks ago..The rate now gives your clients 40K more buying power than the interest of last week. Now thats a deal!

Same thing! ROHRS certified agents are out there from every company but there to help they buyers buy… It’s the brainchild of Long Beach Phil Chenier and Ron Brown.

Agents wanting to take the certification test and join in theROHRS open houses are  preferred bank trained agents to get the red tape, the challenges the unknows solved, answered, completed, offered and often accepted contracts.

Hurry…the test is Wed and Thursday in Long Beach. Call me for details.

I say it has put the fun back in real estate…Fun to do open houses, fun to talk to hundreds of people and Fun to write and close offers.

Its the sign of the times.