Archive for April, 2009
WHOLESALE Mortgage
3 Comments Published by popelynne April 15th, 2009 in Lender/realtors. by popelynneWhat is this? With the whole world looking for a good deal the mortgage industry created one too. Its the red tag sale, Presidents day, Mothers day, 4th of July all rolled into one consistant sale… WHOLESALE.
Too good to believe? Too good to be true? Check it out. I have a whole page devoted to it. Look across the top of the list of pages and go see it for yourself.
I now have 3 in escrow using this wholesale mortgage and it is working out to save so much in costs…closing costs. On a 600K home one lender fees tucked into the total closing costs looked like 14K. The wholesale lender fees tucked into total closing costs for the buyer is 9K. Thats the truth the only difference was in the fee of the loan, all the other closing costs numbers remained the same.
Feel free to talk to me about it. The lender is working on my South Bay purchases for buyers in Torrance and Gardena, as well as Los Angeles. One is a bank owned, the other 2 are short sales. It makes no difference even a normal sale will do. I haven’t seen too many normal sales…lately. Have you? I love your questions and comments. Everyone deserves a pot of gold at the end of the rainbow. This is ours.
GARDENA statistics Buyers Market still
0 Comments Published by popelynne April 13th, 2009 in South Bay Real Estate. by popelynneHaving a listing in Gardena has been a training ground for REO and Short Sale properties.
But know this…the offers are starting to come in after a long dry spell.
Is it spring? Is it the awareness of the buyers that interest rates will rise?
The news is news….multiple offers are out there right now…and it is bumping up the numbers on the offers.
City Overview
GARDENA
Real-Time Market Profile
Trend
THIS WEEK
Median List Price
$ 319,000
The median single family home
Average List Price
$ 331,149
price in GARDENA this week is
Least Expensive Listing
$ 129,900
$319,000. The 131 homes have
Most Expensive Listing
$ 659,000
been on the market for an
Asking Price per Square Foot
$ 246
Average Days on Market
160
average of 160 days.
Total Inventory
131
Absorbed This Week*
13
Percent of Properties with Price Decrease
37 %
Percent Relisted (reset DOM)
15 %
Percent Flip (price increased)
3%
Median House Size (sq ft)
1,310
Inventory has been tightening and
Median Lot Size
4,501 – 6500 sq ft
days-on-market decreasing
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
recently. The Market Action Index
Median Age
57
has been basically flat, not
Altos Research Value Statistics
providing strong indication for
Market Action Index
Cold! Buyer’s
16
market conditions.
Altos Research calculates the Market Action Index which measures available supply
relative to the current level of demand. Index value above 30 indicates conditions favor
the seller. See the section below for full details.
