A good friend recommended I read “The Four Hour Work Week” by Tim Ferris http://www.fourhourworkweek.com/ . I am definitely an accomplished work-aholic and take some pride in that achievement. My wife and family don’t necessarily feel the same. But I figured I would read the book on such a strong recommendation from a good friend and [...]
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It’s been quite some time since I took up the “pen” keyboard to express my thoughts in my blog. Now I feel a bit overwhelmed with thoughts of where do I even begin as there is so much to talk about in our fast paced information overloaded world….what can I contribute that isn’t already out there somewhere? [...]
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This past Sunday was about as busy as I have seen in a long, long time. It was a drop dead gorgeous day and that may have helped get interested buyers out shopping. I decided to get to my open house in Redwood City early to check to be sure the house was [...]
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I have been going to my favorite coffee shop for over 10 years and each time I visit it’s a nice experience. The crew has gotten to know me so I feel at home and recognized by everyone….nice feeling. Almost a club atmosphere. I have gotten to know the assistant manager at this establishment and [...]
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Here is what I have heard. In Orange County, CA in about 1990 an investment banker, William Komperda, came up with an idea for raising money by floating bonds backed by mortgages. The idea was not really new since it had always been done by hard money lenders. The difference was Mr. Komperda’s efforts got these sub-prime loans securitized [...]
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Here is a look at the Median Price€ of a home in Redwood City during all of 2007. I am sure you can draw lots of conclusions from this graph below. But, let s be sure we are on the same page regarding median€€¦..as a refresher this is the point at which half of [...]
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Nevada leads the way in foreclosure filings per household, but in sheer numbers California unfortunately has accumulated more foreclosures than anywhere else in the nation. Because our population here in California is so large we can’t compete with Nevada for the most foreclosure filings per household. In either case this is an extremely bothersome situation for [...]
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I know there are lots of opinions about President Bush’s rescue plan. Some support it [like yours truly] while others believe it is a big mistake to let borrowers off the hook. Which ever point of view you take…consider this….the mortgage industry, wallstreet, and the millions of extremely well educated and bright professional loan and [...]
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Not much. It does depend on the age of the information. What is lost in the translation of reviewing past sold listings is an understanding of the circumstances at the time of sale. Often there are conditions that exist that impact the moment of sale that isn’t reflected when the numbers are studied at much later [...]
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BUYERS………Mistakes:
1. Not knowing how much they can afford to pay for a house before they make an offer.
Prevented by: obtaining pre-approval for a mortgage from a lender, so you know in advance eactly how much you can afford.
2. Not finding out in advance whom the real estate agent represents.
Prevented by: Asking your Realtor. Most people [...]
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