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NEW LISTINGS
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NEW LEASES
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GREETINGS FROM SALLY
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March 24, 2009
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Why is now a good time to buy? Housing affordability
is the highest in years, interest rates are down, and there are numerous
first-time homebuyer programs available.
Also, with a slew of foreclosures, REOs and short sales on the market, the
selection of available properties and the willingness for sellers to negotiate
great deals present a perfect opportunity for those who are willing and able to
make a move. With recent home sales activity on the rise in Southern California,
if home ownership is a goal, then now is the time to buy. In my opinion, the
best long-term asset is real estate.
Of course, factors of our current economic state will determine if the sales
pace will hold. However, I am hopeful with the new government
initiatives, the housing market will continue to stabilize.
I will take the time and efforts necessary, to make your next home buying or
selling experience pleasant and successful. Email me or give my team a call with any
questions or comments. Sincerely,  |
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PEOPLE ARE BUYING!
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U.S. Mortgage applications rose for the first time in three
weeks as near record-low interest rates spurred demand for home refinancing and
purchase loans, data from an industry group showed on Wednesday, March 11th. It doesn't really matter if interest rates on
mortgages move up one week or move down another, they're still at historically
low levels.
The jump in mortgage applications came several weeks after the
unveiling of the strongest government action yet to aid homeowners since the
market meltdown began. This may be a
good sign of what's in store for spring, which is the peak of the home-buying
season.
Read Full Article
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4 WAYS THE STIMULUS PLAN BENEFITS HOMEOWNERS & BUYERS
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The Obama administration appears to have hit the ground
running. ABC News has reported that
numerous projects and "renovations" are underway in Washington. There is a much anticipated $787 billion
stimulus plan, which among numerous other issues, is expected to create 3.5
million jobs in the next 2 years.
Benefit 1 - Expansion of Home Improvement Tax Credit
Benefit 2 - Expansion of First-time Home Buyer Tax Credit
Benefit 3 - Higher Reverse Mortgage Loan Limits
Benefit 4 - $729,750 FHA and Conforming Loan Limits Restored
in High Cost Areas
Read Full Article
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BENEFITS OF A SHORT SALE!
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There are many homeowners who are now finding themselves in
a situation where they cannot afford to pay off their mortgage. There is a solution! Other options are available to homeowners in
trouble, rather than going through the whole process of foreclosure.
Short sales are a good solution. They involve the sale of your property at a
low price. Banks would rather take the
money than your property. As the
borrower, you can propose a short sale to the lender so that everyone will benefit. Lenders are not required to negotiate
discounted payoffs, and there is no guarantee your lender will let you do a
short sale. However, nothing ventured,
nothing gained.
A short sale can be beneficial to the homeowner or borrower
because:
- It can help them save their credit history.
- It can help them find a solution to an otherwise
embarrassing situation.
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It could reduce the stress of finding funds to
answer a certain financial obligation.
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It is the faster solution to the foreclosure
process.
Read Full Article
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COMING SOON
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JUST SOLD
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1319 Amalfi Drive Pacific Palisades
2132 Mt. Olympus Sunset Strip/Hollywood Hills-West
9042 Monte Mar Dr. Beverlywood
1855 Industrial St. #609 Downtown Los Angeles
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10313 Cheviot Dr.
Cheviot Hills
$1,995,000
3301 Club Dr. Cheviot Hills $1,899,000
8331 Skyline Dr. Hollywood Hills West $1,999,000
910 Gibson St. Beverlywood $849,000
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IN ESCROW
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2109 Ridge Dr.
Mountaingate
$1,995,000
2870 Anchor Ave. Cheviot Hills $1,850,000
135 Swall Ave., #103 Los Angeles $989,000
1433 E. Mountain St. Glendale $918,000
16612 Honeybee Dr. Tustin $902,500
1505 Roscomare Rd. Bel Air $899,000
135 Swall Ave., #301 Los Angeles $879,000
135 Swall Ave., #PH2 Los Angeles $799,000
135 Swall Ave., #102 Los Angeles $729,000
11928 Kiowa, #302
Brentwood
$675,000
21033 Avenue San Luis Woodland Hills $645,000
19933 Elm Place Northridge $609,000
4949 Genesta Ave., #301 Encino $599,000
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