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The Real Estate Market is ‘Half Full’
While a recent newspaper headline exclaimed: ‘Home market still depressed’, Century 21 M&M and Associates Realtor John Lazar only sees a ‘once in a lifetime’ buying opportunity. “I’ve never seen so much opportunity in my lifetime,” said Lazar, a 22-year real estate veteran and the Mayor of Turlock. “I doubt we’ll see this type of [...]
Read Full Post | Make a Comment ( None so far )August 4-8, Northern California Events and Festivals
Stockton – Wednesday August 4th, 2010 at 6:00pm – Concert in the Park The City of Stockton Community Services Department presents the annual series in partnership with the Stockton Musician’s Association. Spend an evening in the Victory Park (Pershing & Argonne) with your favorite person, a picnic supper, and some great music as the Concert [...]
Read Full Post | Make a Comment ( 7 so far )Loan Modification Programs Falling Short
Joelle Berni, a Century 21 M&M and Associates Realtor in Madera, was not surprised to hear this week that more than 40 percent of homeowners applying to the federal Home Affordable Modification Program drop out. The HAMP program, the flagship of several federal loan modification plans, is designed to lower mortgage interest rates to counter [...]
Read Full Post | Make a Comment ( 2 so far )Flipping Real Estate in Northern California
Third in a four-part series Some real estate investors like to play a high-risk game. It’s called flipping. “Flipping is very, very high risk,” said Ernie Ochoa, a Century 21 M&M and Associates Realtor based in Merced. “It’s not for the average guy. You can really lose money.” You also can make money. Flippers typically [...]
Read Full Post | Make a Comment ( None so far )Pros and Cons of New Short Sale Regulations
The recently introduced new regulations for streamlining short sales sounded too good to be true. For some home sellers, they just might be. Under the new federal regulations, with the new and improved short sale process: • Homeowners receive $3,000 for relocation expenses when they complete a short sale or hand over the property deed [...]
Read Full Post | Make a Comment ( 1 so far )Accelerating the Short Sale Process
Can a traditional “short sale” drag on and on before it is completed or closed Ask Chet Dilka, a Realtor based at the Century 21 M&M and Associates office in Stockton, he’s working on a short sale that is up to 654 days and counting. “I just got written approval for that short sale,” he [...]
Read Full Post | Make a Comment ( 2 so far )California’s Central Valley Agriculture Properties Rebounding
Last in a Four-Part Series It’s no question Central Valley farmland prices have been plowed under by the recession. The question is when agricultural values will rebound. California’s rich Central Valley farms were not alone in suffering a slump in values. Values of the nation’s farmland and buildings dropped in 2008 for the first time [...]
Read Full Post | Make a Comment ( None so far )Locally and Nationally-New Home Construction Activity is Up
Last in a four-part series Have Central Valley new home construction and sales hit bottom? Is an industry rebound imminent? It all depends on whom you talk to and the city you’re talking about. Talk to Andy Krotik, a Coldwell Banker Gonella Realty agent and self-proclaimed optimist, and the comeback starts today. Krotik is representing [...]
Read Full Post | Make a Comment ( 2 so far )How Foreclosures (REO’s) Affect New Homes Sales & Construction
First in a four-part series. While new home construction has slowed to a trickle, new home real estate sales have been flowing strong for Brian Medeiros. Brian Medeiros, 37, realtor for 12 years with Century 21 M&M and Associates in Livingston, CA., specializes in selling new homes at orphaned subdivisions. “I’ve done 11 of these,” [...]
Read Full Post | Make a Comment ( 7 so far )The Do’s and Don’ts of Buying a Short Sale
Frieda Lencioni, Realtor for Century 21 M & M Real Estate Modesto, says, “The most important thing for a Buyer to consider before moving forward on a Short Sale is to make sure that your Buyers Agent is (very)experienced in this type of transaction”. Short Sales for Buyers can be very challenging to say the [...]
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