7. September 2010 by Michael McFarlane.

We think they are!  Or at the very least exaggerating the negatives and minimizing or omitting the positives.  If you have followed the recent news trends it would seem that real estate has become the brunt of sensationalism again.

 Are negative things happening?  You bet; bad things happen everywhere and virtually all the time!  Does that mean the whole thing is going down the drain?  Even Chicken Little would have to scoff at that.  There are also many (we think more) good things happening.

Home prices are very low.  You can purchase a home ready to move into for less than you can have one built.  I’m sure we’ve all heard that buying a new home means you don’t have to worry about buying someone else’s problems, but a comprehensive home warranty solves that problem.  And the cost?  Zero, Zip, Nada, not one cent if you purchase your home through Yuba Sutter Homes and Loans.

Interest rates are at record lows.  Looking at the boards this morning I am seeing rates as low as 4% or below.  These are honest rates, not buy-downs or tricks with numbers games.  That means you can get into a $150,000 home with 20% down for a monthly payment of only $572.90 (PI only) per month!  That is LESS than you can rent a similar home for!  AND that is before figuring in your tax savings of purchasing over renting!  Want to look at other scenarios yourself?  Click on over to the financial calculators at http://YubaSutterHomesandLoans.com.

Inventory is good right now.  You can find just about any type or price home you can imagine.  They are there, waiting for you.  Some may require a little research, but hey, isn’t that what your Realtor® is for (or part of our duties)?  To see the huge selection for sale click HERE.  Call [530 315-2808] or email us to get you on your way now.

Are these just our views?  NO!  In fact, the Sacramento Bee just published an article with similar findings, and more.  Click HERE to read that article. 

For additional information check out these sources:  Yuba Sutter Homes and Loans; Yuba Sutter Home Buys; Homes in Yuba Sutter; Yuba Sutter Real Estate; the Discussions and News ; and of course keep coming back here to the Yuba Sutter Grapevine.

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3. September 2010 by Michael McFarlane.

While glancing through my sources of real estate news this morning I came across an article mentioned by the California Association of Realtors®.  It was published by the Wall Street Journal.  While it is based on national trends, I see the same patterns happening right here.

Remember, to help you avoid these and other potential problems contact your Realtor® when thinking about real estate.  If you are not already working with an agent may we suggest Yuba Sutter Homes and Loans.   At Yuba Sutter Homes and Loans you receive excellent value; things like FREE Home Warranty, free moving truck, free storage, free home security systems, and more!  And all with guaranteed performance, great savings, and excellent service!  Contact us for more information.  Email us with your questions on how you can get these great benefits and more.  For faster service, call 530 315-2808.

 According to the article (and my own observations) the most common pitfalls for buyers in today’s marker are:

1. Trying to save money by not using a Realtor®
2. Guessing what you can afford
3. Letting emotion over-rule logic
4. Forgetting about the neighborhood in your evaluation
5. Making inappropriate offers because it is a “buyer’s market”

To get more information on avoiding these, or just to see what others are doing contact us.  To read the full article as published by the Wall Street Journal click HERE.

Posted in Buying a Home, Real Estate Market | No Comments »

2. September 2010 by Michael McFarlane.

SB1275, a bill that would have required banks to hold off on foreclosure proceedings while they were negotiating loan modifications with a home owner was rejected this week by the Assembly.  This bill would have also required the banks to actually look at a loan modification before they could foreclose.  Needless to say, the banks have fought hard against this bill.

There are arguments for and against this bill.  Was it the cure-all?  Of course not.  Would it have helped?  Many think so.  So what do we do now?  I will try to keep you posted here.  Remember to write (or email or phone) your representatives.  This is the biggest single thing we can each do!  To read the full article published today by the San Francisco Chronicle click HERE.

To receive a free list of foreclosed homes in the Yuba Sutter area email us, or call 530 315-2808.  To see all homes currently for sale in the area visit Yuba Sutter Homes and Loans.  To read about local real estate news plus tips and techniques to maintain your home subscribe to our FREE monthly news letter Yuba-Sutter Real Estate.  You can also visit the discussions & news tab at Yuba Sutter Home Buys.

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